Al Futtaim Private Company LLC
Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates.Are you an accounting professional looking to build your career in the UAE’s financial services industry? Orient Insurance PJSC is hiring an Accountant in Dubai to support accounts payable operations, insurance settlements, vendor payments, and financial reporting while ensuring compliance with company policies and UAE regulations.
Thank you for reading this post, don't forget to subscribe!This opportunity is ideal for candidates with experience in accounts payable, insurance finance, or financial services who are detail-oriented and committed to maintaining accurate financial records.
Key Responsibilities
Accounts Payable Management
- Process and manage accounts payable transactions accurately and on time.
- Review supplier invoices and ensure they are supported by the required approvals and documentation.
- Process vendor payments through approved payment methods, including bank transfers and cheques.
- Maintain accurate vendor records and update supplier information when required.
Insurance Payment Operations
- Coordinate claims-related payments to hospitals, garages, policyholders, and other approved service providers.
- Verify and process broker commission payments in accordance with agreed commission structures.
- Support reinsurance payment settlements while ensuring compliance with contractual agreements.
- Process premium refunds after confirming approvals and supporting documentation.
Financial Controls & Compliance
- Ensure all financial transactions comply with internal policies, accounting standards, VAT regulations, and UAE financial requirements.
- Reconcile vendor balances, accounts payable records, and insurance-related payment transactions.
- Work closely with finance, claims, underwriting, and other departments to resolve payment discrepancies.
- Assist with internal and external audit requests by preparing accurate financial records.
Reporting & Month-End Activities
- Prepare periodic reports related to accounts payable, commissions, and payment settlements.
- Support month-end and year-end closing activities.
- Respond professionally to payment-related inquiries from vendors, brokers, and internal stakeholders.
- Contribute to process improvements that enhance efficiency and financial accuracy.
Qualifications
- Bachelor’s degree in Accounting, Finance, or a related field.
- 2–5 years of experience in Accounts Payable or Finance.
- Previous experience in the insurance or financial services industry is preferred.
- Familiarity with insurance-related payments, claims accounting, commissions, or reinsurance is an advantage.
Required Skills
- Strong understanding of accounts payable processes.
- Knowledge of insurance accounting principles.
- Good understanding of UAE VAT regulations and financial compliance.
- Experience using ERP or accounting software.
- Advanced Microsoft Excel skills.
- Excellent analytical, communication, and organizational abilities.
- Ability to manage multiple priorities while meeting deadlines.
- Strong attention to detail and commitment to accuracy.
Job Details
- Position: Accountant
- Industry: Financial Services / Insurance
- Company: Orient Insurance PJSC
- Location: Dubai, United Arab Emirates
Why Apply?
This role offers an excellent opportunity to gain experience in one of the UAE’s leading insurance organizations while developing expertise in accounts payable, insurance finance, regulatory compliance, and financial operations within a professional environment.
Disclaimer: This job listing is published for informational purposes only. We are not the hiring company or recruitment agency. Candidates should submit applications through the employer’s official recruitment channels. Job availability and hiring requirements may change without notice.
