Job Description
Senior Regulatory Accountant
Cairo, Egypt
Fixed term contract
Full time 40 hours per week
Working in our support functions you'll play a key part in helping our customer facing colleagues deliver exceptional standards of customer service and patient care. No matter your role, you'll have an opportunity to do work that matters. Making a difference to the lives of our customers each and every day.
Due to changing legislation with our regulator the FRA our requirements have evolved significantly over the last 2 years. We now have monthly, quarterly and annual reporting requirements which require the services of a Senior Regulatory Accountant.
What You'll Do
- Submit monthly forms and templates to the regulator covering all aspects of the company operation (claims, complains, vacancies, legal...etc).
- Preparation of the statutory financial package for regulator on quarterly basis.
- Support ad -hoc queries and supporting analysis from the FRA during the year.
- Prepare and calculate the monthly data required from the FRA about Premiums and claims.
- Prepare and send Commission analysis by broker to the regulator on annual basis.
- Prepare and calculate quarterly regulator fees ( FRA Development and review fees).
- Prepare annual FRA Fees (supervision Fees) and Risk policy holder fees.
- IFRS 17 Experimental Fs along with the quarterly pack to the FRA.
- Responsible for Month - End closing process with Local and UK posting and issue a monthly trial balance.
- Prepare and calculate of BES Revenue per month based on cost Mark-up Method.
- Prepare and calculate of Third-party agreement fees.
- Prepare and calculate monthly taxes payments (VAT and withholding ) on TPA.
- Prepare and calculate annual taxes amount ( Annual IPT)
- Calculate and post Quarterly local adjustment and issue Trial balance and financial statements.
- Calculate and issue the BES invoice to BISIL along with uploading the invoice on E-invoice portal on a quarterly basis.
- Monthly reconciliation to UK on ( Banks, Investment, Prepayments, Taxes, and advances)
- Prepare Reinsurance Commissions Reconciliation.
- Support ad-hoc tasks and projects required by the finance director and financial reporting manager.
- Assisting Tax specialist in supporting analysis required in the tax inspections.
- Participate in Year-End closing along with Local adjustment and analysis.
- Responsible for BEI /BEs audit.
- Prepare the Statutory annual reconciliations and supporting analysis for the Audit purpose.
- Prepare final trial balance along with Drafted financial statement.
What You'll Bring
- Proven finance background within financial services with monthly reporting and reconciliations
- IFRS experience
- Working towards or have obtained relevant finance accreditation
- Must be able to fluently speak both Arabic and English
Why Bupa
We're a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring and responsible in everything we do.
We encourage all of our people to Be you at Bupa, we champion diversity, and we understand the importance of our people representing the communities and customers we serve. That's why we especially encourage applications from people with diverse backgrounds and experiences.
As a Disability Confident employer, we offer a guaranteed interview for every disabled applicant who meets the minimum criteria for the job. We'll make sure you are treated fairly and offer reasonable adjustments as part of our recruitment process to anyone that needs them.
Time Type
Full time
Job Area
Finance & Accounting
Locations:
Egypt - Cairo
