Overview
Specialist – Accounting & Financial Reporting Jobs in Dubai, United Arab Emirates at Sukoon Insurance
Title: Specialist – Accounting & Financial Reporting
Company: Sukoon Insurance
Location: Dubai, United Arab Emirates
The jobholder will be responsible for:
Good understanding of IFRS and Insurance industry
Accurate and timely reporting of financial & regulatory reporting as per IFRS and ensure compliance with Insurance Regulatory (CBUAE & FSA Oman).
Involve and support Tax department (UAE and Oman) for filing VAT and Corporate Tax returns, including Tax compliance and advisory functions as and when required.
Responsible for all GL data entry transactions related to Oman branch.
Month end close activities reporting work including compilation and analysis of financial data.
Maintain supporting documents related to BS reconciliations while ensuring full compliance with accounting principles adopted by the company.
Accountabilities:
Follow the month end close procedures and ensure timely and accurate closure of general ledger for both IFRS 4 & IFRS 17
Ensure the GL balances reported are aligned with the respective sources and supporting documentations (front end systems, data provided by other functions)
Enhance/develop internal controls for Oracle Finance General Ledger transactions
Prepare Fixed Assets (including IFRS-16), Prepayments, Accruals, Staff Debtors registers etc
Support BS reconciliation team to clear reconciling items related to GL accounts and provide supporting documents.
Involve in preparation of IFRS financial statements, Ministerial returns and disclosures in accordance with IFRS and regulatory requirements.
Preparation of periodic regulatory deliverables to FSA Oman and other regulatory authorities in Oman.
Act as the first level of contact for both internal / external stakeholders regarding all Financial Reporting matters (Like External Auditor, Tax consultant, Compliance, Legal, etc)
Preparation of the reconciliation of respective VAT balance sheet accounts and take initiatives to resolve differences monthly basis.
Ensure timely preparation and filing of VAT and CT returns with tax authorities and to resolve queries if any. To liaise with Tax authority, internal and external auditors to ensure a smooth audit closure.
Prepare monthly P&L for all lines of business and other supporting report
Provide monthly/quarterly profit center forecast and prepare yearly budget of respective profit centers
Support Unit head performing financial analysis
Qualifications / Requirements:
Bachelor’s degree in Accounting, Finance, or a related field; professional certifications such as CPA, ACCA, or CA are highly desirable.
Minimum 5 years of relevant experience in financial reporting, insurance accounting, and regulatory compliance, preferably within the insurance or financial services sector.
Strong understanding of IFRS standards, particularly IFRS 4 and IFRS 17.
Proficiency in insurance industry regulations (CBUAE, FSA Oman).
Hands-on experience with Oracle Finance or similar ERP systems.
Knowledge of VAT and Corporate Tax regulations in UAE and Oman.
Experience in tax compliance, advisory, and liaising with tax authorities.
Strong skills in financial analysis, budgeting, and forecasting.
Ability to prepare and analyze P&L statements, balance sheet reconciliations, and regulatory returns.
Excellent problem-solving, negotiation, and communication skills.
Ability to work under pressure and meet strict deadlines.
Strong attention to detail and commitment to accuracy.
Experience coordinating with internal and external auditors.
Proven track record of clean audit reports and regulatory compliance.