Accountant I Jobs in Dubai at Al-Futtaim Group | Apply Now
Accountant I – Accounts Payable Jobs in Dubai | Al-Futtaim Group
Company: Al-Futtaim Group
Location: Dubai, United Arab Emirates
Job Type: Full-Time
Experience: 2–5 Years
Education: Bachelor’s Degree in Accounting, Finance, or a related discipline
Accountant I Job in Dubai
Orient Insurance PJSC, part of Al-Futtaim Group, is hiring an Accountant I to manage end-to-end accounts payable operations within an insurance environment. The role involves handling insurance-related payments, vendor invoices, reconciliations, compliance, reporting, and month-end support while ensuring accuracy and adherence to internal policies and regulatory requirements.
Key Responsibilities
Insurance-Specific Payables
- Process claims-related payments for garages, hospitals, and policyholders in coordination with Claims and Medical teams.
- Validate and process broker commission payments, ensuring accuracy of commission statements and agreements.
- Manage reinsurance payables, including treaty and facultative settlements, according to contractual terms.
- Process and monitor premium refunds with the required approvals, documentation, and compliance.
Invoice Processing & Vendor Payments
- Review, verify, and record vendor invoices accurately.
- Ensure invoices are supported by the required documentation and approvals before posting.
- Execute payments through approved payment methods, including bank transfers and cheques.
- Maintain and update vendor master data, including supplier and bank details.
- Ensure compliance with VAT and regulatory requirements.
Controls, Compliance & Reconciliation
- Follow internal controls, audit requirements, and insurance regulatory guidelines.
- Support reconciliation of payables, vendor balances, and insurance-related settlements.
- Coordinate with Claims, Underwriting, Reinsurance, and Finance teams 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.
- Respond to queries from vendors, brokers, and internal stakeholders professionally and promptly.
Eligibility Criteria
- Bachelor’s degree in Accounting, Finance, or a related discipline.
- 2–5 years of experience in Accounts Payable, preferably in the insurance or financial services sector.
- Experience with insurance-specific payments, including claims, reinsurance, and broker commissions, is highly preferred.
Required Skills
- Strong understanding of insurance accounting processes, including claims, commissions, and reinsurance.
- Good knowledge of UAE VAT and compliance requirements.
- Proficiency in ERP/accounting systems and Microsoft Excel.
- Strong attention to detail and the ability to manage high transaction volumes.
- Good coordination and communication skills.
- Ability to work independently and meet tight deadlines.
About Orient Insurance PJSC
Orient Insurance Company commenced operations in 1982 as part of the Al-Futtaim Group. Headquartered in Dubai, the company has a paid-up capital of AED 500 million and operates through branches across the UAE, Oman, Saudi Arabia, and Bahrain.