Reinsurance Accountant

  • Qatar, Doha, Qatar
  • Full-time

Company Description

VAM Systems is a Business Consulting, IT Solutions and Services company

 

Job Description

We are currently looking for Reinsurance Accountant for one of its clients which is a Business Consulting, IT Solutions and Services Company in Qatar with the following skill set and terms and conditions.

ROLE PURPOSE:

The Reinsurance Accountant will assist with processing of invoices and claims for Insurance and Reinsurance department.

KNOWLEDGE & EXPERIENCE:

•                     Must have a University degree in Accounting or Finance such as B.S in Accounting/ B.Com etc

•                     Must have a minimum of 10-12 years of experience in Insurance Accounting or a similar domain

SKILLS & COMPETENCIES:

•                     Insurance Accounting

•                     English Language Skills

•                     Computer Skills

•                     Policies, Procedures & Work Methods Knowledge

•                     Communication Skills

•                     Planning & Organizing Skills

•                     Oracle Payables

KEY ACCOUNTABILITIES:

Description

•                     Reinsurance Accounting

•                     Monthly review of accounting entries made by the Reinsurance department

•                     Review of quarterly financial performance

•                     Financial reporting including the intercompany quota share

•                     Provide information required by the Reinsurance department for compliance and regulatory purposes

•                     Develop existing accounting and transactional templates to assist the onboarding for new business

•                     Obtaining an understanding of each accounting function

•                     Perform walkthroughs of and document clients accounting processes and controls

•                     Prepare ad-hoc analyses and financial reports as required by the CFO

•                     Identify, verify and process regular accounts, commutation accounts, cash losses, profit & loss calculations as well as year-end related

Accounting

•                     Verify invoices and supporting documentation and process all payments related to vendors and service

•                     providers, accurately, on time and in line with agreed payment terms

•                     Check calculations against approved invoices to ensure payments are in line with purchase orders or contractual terms and conditions

•                     Ensure all vendor accounts payable are reconciled in a timely manner to reflect the accurate payment status

•                     Maintain a high level of customer service in accordance with Service Level Agreements and provide consistent,

•                     timely and accurate delivery of accounts payable services to clients through managing and conducting daily

•                     operational activities.

•                     Undertake the preparation and posting of Accounts Payable accounting records, as well as undertake routine

•                     accounting entries and transactions.

•                     Maintain the records of accounts payable by filing all source documents and system generated reports, and

•                     prepare reports and other documentation for management when requested.

Invoices

•                     Ensure the timely and accurate accounting of all payables (commissions, credit notes, and rebates) in accordance with  Manual of Accounting.

•                     Ensure all supplier accounts payable are reconciled timely and accurately in order to reflect the actual financial

•                     status.

Terms and conditions
Joining time frame: 2 weeks (maximum 1 month)

 

 

 

Additional Information

Terms and conditions: 

Joining time frame:   maximum 4 weeks