Build analytical tools such as financial modelling and interactive dashboards to evaluate the segmented performance per business unit, plan, geography, branch, etc.
Drive growth and profitability of the company by working with each business units through strategic forecasting and business analysis and internal management reporting
Work closely with senior management to develop internal reporting requirements that satisfy the needs of all stakeholders
Review and analyse actuarial's technical provisions such as IBNR, OSLR; discuss adequacy of reserves with Insurance Authority
Lead the preparation of annual budget in accordance with the company goals and strategy.
Align corporate spending to overall budget and company's strategic objectives
Support business units to align performance to the company's strategy and objectives and provide financial guidance including but not limited to monthly variance analysis reports, feasibility studies and identification of cost drivers
Analyse monthly actual vs. budget variance reports per department/branch/product and document/challenge reasons for variances
Ensure compliance to IFRS thorough and regular review of accounting treatments
Provide support to Finance team during month-end closing by reviewing provisions, revenues, reinsurance and investment accounts. Ensure compliance to IAS and local laws and regulations
Satisfy regular reporting requirements of Insurance Authority, Health Authority of Abu Dhabi and any other government entities
Provide ad-hoc financial reports and analysis to support rational of business decisions
Focal point of contact for external auditors, government entities such as, Insurance Authority, Abu Dhabi Accountability Authority, Statistics Centre Abu Dhabi, Dubai Statistics Centreetc.
Contribute in the enhancement of financial controlling function to minimize inefficiencies over processes and provide efficient and effective support to the different stakeholders
Develop technical skills of colleagues, whether in Accounting or Financial Control units through knowledge transfer and delegation
Key Requirements and Qualifications:
Minimum 8 years of operational experience in both financial accounting and reporting, preferably in a service environment or in a financial sector
Experience in Oracle Financials is a must
CMA, CPA, ACCA or other financial certification is a plus
Bachelor's degree in Accounting, Finance or Commerce
Skills and Competencies:
Good business understanding and background
Good leadership skills including people management, selection and development skills
Very good command of written and spoken English; knowledge of Arabic language is an advantage
Very good analytical, planning, forecasting, execution and problem-solving skills
Results oriented whilst ensuring high quality of work and able to think out of the box
Strong level of customer service orientation and professionalism in all interactions
Solid knowledge of health insurance concepts
Advanced MS Excel skills
Good knowledge of cost accounting and financial reporting & analysis
