Accountant I Dubai | Financial Services| Orient Insurance PJSC

Job Requisition ID: 179124

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day

Job Description:

To manage end-to-end accounts payable operations within an insurance environment, including claims payments, broker commissions, reinsurance settlements, and vendor payments, ensuring accuracy, compliance, and timely processing in line with internal policies and regulatory requirements.

What You Will Do

Insurance-Specific Payables

• Process claims-related payments (garages, hospitals, policyholders) in coordination with Claims and Medical teams.
• Validate and process broker commission payments (e.g., AON, Marsh), ensuring accuracy of commission statements and agreements.
• Manage reinsurance payables, including treaty and facultative settlements, in line with contractual terms.
• Process and monitor premium refunds, ensuring proper approvals, documentation, and compliance with internal policies.
  
  

Invoice Processing & Vendor Payments

• Review, verify, and record vendor invoices accurately in the system.
• Ensure all invoices are supported with proper documentation and approvals prior to posting.
• Execute payments through bank transfers, cheques, or other approved payment methods.
• Maintain and update vendor master data, ensuring accuracy of supplier and bank details.
• Ensure compliance with VAT and regulatory requirements, including validation of input VAT and proper reporting.
  
  

Required Skills To Be Successful (Qualifications)

• Bachelor’s degree in Accounting, Finance, or related discipline.
• 2-5 years of experience in Accounts Payable, preferably within the insurance or financial services sector.
• Hands-on experience in insurance-specific payments (claims, reinsurance, commissions) is highly preferred.
  
  

Controls, Compliance & Reconciliation

• Ensure adherence to internal controls, audit requirements, and regulatory guidelines applicable to insurance operations.
• Support reconciliation of payables, vendor balances, and insurance-related settlements where required.
• Coordinate with internal stakeholders (Claims, Underwriting, Reinsurance, Finance) to resolve discrepancies.
  
  

Reporting & Operational Support

• Assist in preparing periodic reports related to payables, commissions, and settlements.
• Support month-end closing activities and audit requirements.
• Handle queries from vendors, brokers, and internal teams in a timely and professional manner.
  
  

What Equips You For The Role (Skills & Competencies)

• Strong understanding of insurance accounting processes (claims, commissions, reinsurance).
• Good knowledge of VAT and compliance requirements in the UAE.
• Proficiency in ERP/accounting systems and Microsoft Excel.
• High attention to detail and ability to manage high transaction volumes.
• Strong coordination and communication skills to work across multiple stakeholders.
• Ability to work independently and meet tight deadlines.
  
  

About Orient Insurance PJSC

Orient Insurance Company commenced operations in 1982 as a part of the reputed Al-Futtaim Group and has since recorded a progressively steady growth. The Company is counted among the leaders in the UAE insurance market. Orient Insurance Company has a paid-up capital of AED 500 Million which is the highest in the insurance industry in UAE. With head office in Dubai, the company serves its clientele through an extensive branch network in Jebel Ali, Abu Dhabi, Al Ain, Sharjah and Ras Al Khaimah in UAE, Muscat in Sultanate of Oman, Riyadh in Kingdom of Saudi Arabia and Bahrain.