Record to Report/Financial Reporting (insurance and reinsurance)

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About the Role

Reporting to the Manager of Record to Report, this position shall be responsible to provide End-to-End accounting services from general accounting recording to provision of reporting and analysis services as per agreed/communicated timeline and in accordance to applicable accounting policies, standards and guidelines.

Job Description:

Transaction Processing & MonthEnd Close (Insurance and Reinsurance)

• Prepare and park accounting entries for insurance and reinsurance transactions, including journals, accruals, adjustments, and reclassifications.

• Prepare reinsurance templates, intercompany billings, settlements, and clearing activities in accordance with defined procedures.

• Support monthend, quarterend, and yearend closing activities to meet agreed timelines and SLAs.

• Perform variance analysis and provide explanations for significant movements in balances and P&L.

Reconciliations & Financial Controls

• Prepare timely and accurate balance sheet reconciliations, investigate reconciling items, and follow up on outstanding balances.

• Perform daily and period-end system reconciliations and control checks, ensuring issues are identified and escalated appropriately.

• Support ETL, sub-ledger, and SAS posting checks, ensuring data completeness and accuracy against source systems.

• Maintain proper documentation and evidence to support financial controls and audit requirements.

Management, IFRS & Regulatory Reporting Support

• Prepare management reports (e.g. A019, GCC) in accordance with Group reporting guidelines.

• Support IFRS reporting activities, including IFRS 17 / IFRS 4, by preparing movements, reconciliations, and supporting schedules.

• Prepare MOST and other regulatory reporting templates, ensuring alignment with underlying accounting records.

• Assist in responding to audit queries from internal and external auditors by providing accurate data and supporting documents.

Process Improvement & Digital Enablement

• Identify process inefficiencies, recurring issues, or control gaps, and propose practical improvement ideas.

• Actively support automation, digital tools, and system enhancement initiatives to reduce manual work and improve data quality.

• Follow standardized R2R procedures and contribute to the maintenance of process documentation and SOPs.

Job Requirements

• University Degree in accountancy or Accounting Professional Qualification

• Preferably 2 years of experience in financial and accounting related field in an Multi National Company. Fresh graduates are welcomed to apply

• Experience in a shared services or similar environment