Manager(Finance & Accounts)

1 week ago

Manama, Manama, Bahrain LIC International B.S.C.(C) Full time 90,000 - 120,000 per year

Position Details:

Company: LIC (International) B.S.C. (c).

Location: Bahrain.

Department: Finance & Accounts.

Designation: Manager

About the Role:As a Manager Accounts, you will be responsible for overseeing financial operations, ensuring compliance with regulatory standards, preparation and submission of financial statements and optimizing accounting processes.

Key Responsibilities:

1. Financial Management & Reporting:

  • Preparation and presentation of quarterly, and annual financial statements of Company and its UAE branches in accordance with regulatory standards (e.g., IFRS 9, IFRS 17, etc.).
  • Ensure the accuracy and timely submission of financial reporting, including income statements, balance sheets, and cash flow statements.
  • Analyze financial data and performance metrics.

2. Regulatory Compliance:

  • Ensure compliance with both local and international accounting standards, including Bahrain's financial regulations and industry-specific insurance requirements.
  • Prepare and submit regulatory reports and other required filings in a timely manner.

3. Audit & Risk Management:

  • Coordinate and manage internal and external audits, ensuring all audit requirements are thoroughly addressed.
  • Ensure that all accounting policies and procedures are aligned with the organization's risk management frameworks.

4. Budgeting & Forecasting:

  • Lead the annual budgeting process, including forecasting future financial.
  • Track actual financial performance against budgeted figures and recommend corrective actions when necessary.

5. Taxation:

  • Ensure the company meets its tax obligations, including compliance with VAT and other relevant tax laws in Bahrain.
  • Collaborate with external tax advisors for effective tax planning and to stay updated on regulatory changes and filing of tax returns.

· Qualifications and experience:

  • Education: A qualification in Chartered Accountancy or a related field, such as ACCA or CPA, is preferred.
  • Experience: At least 3 years of junior-level managerial experience in the Life or General Insurance industry, with a total of 5–6 years of relevant experience in accounting roles, preferably within the life insurance or financial services sector.

·

  • Proper understanding of IFRS and financial regulations related to insurance business.
  • Advanced proficiency in MS Excel and MS Word.
  • Strong analytical, communication, and leadership abilities.

For short-listed candidates for interview, correspondence will be done using the mobile-number/email-id provided in the CV Details.

Job Type: Full-time

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