Apply for Accountant (Insurance / Takaful), Jeddah, Saudi Arabia Job Vacancy | Position

Business Unit: ICIEC

Division: Finance Division- ICIEC

Department: Finance and Treasury – ICIEC

Country: Saudi Arabia

Location: Saudi Arabia – Jeddah

Job Grade: E2

Closing Date: 06-Jan-2025

JOB PURPOSE

This function holder is accountable for helping Manager, Finance in making certain compliance with IFRS 17 requirements and offering correct monetary reporting and evaluation. In addition, this function is accountable for making ready monetary experiences and analyses with the intention to facilitate Senior Management determination making.

KEY RESPONSIBILITIES

Core Responsibilities

Implementation and Compliance

 Leads or helps the publish implementation integration of IFRS 17 requirements throughout the group.

 Ensures that every one monetary reporting processes and methods are aligned with IFRS 17 necessities.

 Monitors modifications in IFRS 17 rules and assesses their affect on monetary reporting practices.

Financial Reporting

 Prepares and analyses monetary statements, in accordance with IFRS.

 Ensures accuracy and completeness of economic information and disclosures.

 Consolidates monetary information from numerous sources to supply consolidated monetary statements.

Data Management and Analysis

 Gathers and analyses monetary information.

 Performs detailed information reconciliations and validations to help monetary reporting.

 Identifies and investigates discrepancies or variances in monetary information.

Auditing and Assurance

 Conducts inner opinions to confirm compliance with IFRS 17 requirements and inner controls.

 Assists exterior auditors throughout audits and supply essential documentation and explanations.

 Prepares audit schedules and help audit findings.

Cross-functional Collaboration

 Works intently with different departments equivalent to actuarial, IT, and authorized to make sure complete understanding and implementation of IFRS 17 necessities.

 Provides steering and coaching on IFRS 17 requirements to finance and non-finance personnel as wanted.

 Collaborates with stakeholders to deal with points and enhance processes.

Accounting Statements

 Assists the Lead Accountant in making certain that the ebook accounts are up to date always with the intention to facilitate correct report era for the Management determination making.

 Assists the Lead Accountant in finalizing quarterly and annual monetary statements in a well timed and correct method.

Bookkeeping and General Ledger Management

 Maintains and reconcile normal ledger accounts.

 Provides help in recording monetary transactions and ensures entries are posted appropriately and on time.

Audit Support

 Assists within the preparation for and coordination of inner and exterior audits.

 Provides audit schedules, documentation, and explanations as required.

 Addresses audit findings and implements suggestions.

Documentation and Reporting

 Maintains documentation of accounting insurance policies and procedures.

 Prepares and presents experiences on IFRS 17 implementation progress and compliance standing to administration.

 Prepares month-to-month reconciliations.

Continuous Improvement

 Recommends and implements enhancements to monetary reporting processes and methods to boost effectivity and accuracy in IFRS 17 reporting.

 Stays up to date with rising tendencies and developments in IFRSs and Takaful accounting.

Special Projects

 Participates in ad-hoc initiatives and initiatives as assigned by administration.

 Contributes to course of enhancements and organizational progress.

Other Responsibilities

 The function holder may also carry out duties pertinent to the Department/Division as assigned by his line supervisor.

JOB REQUIREMENTS

Field of Study: Finance/Accountancy

Field of Study

Finance/Accountancy

Academic Qualifications and Relevant Experience

Qualification Level

High School Diploma

Bachelor’s Degree

Master’s Degree

Doctorate

Experience

N/A

5 years

2

0

Nature of Experience

 Prior expertise in Finance, in managing and dealing with monetary accounting operations from monetary, insurance coverage, reinsurance and banking establishments.

 In-depth expertise in IFRS implementation

Professional Certifications (as relevant)

 Relevant certifications equivalent to CPA / CA preferable.

Business Language Skills

 Good command of written and spoken English important, further languages equivalent to Arabic, French is an added benefit.

Key Performance Indicators

 Timeliness and Quality of Reports

 Timely and correct era of quarterly and year-end monetary statements

 Percent adherence to accounting norms (AAOIFI & IFRS)

Core Competencies

Competency

Proficiency

Focus on Customers

Applying

Drive Results

Applying

Collaborate as One Team

Applying

Strive for Continuous Improvement

Applying

Serve and Respect All

Applying

Leadership Competencies

Competency

Proficiency

Shape the Future

NA

Engage Talent

NA

Enable Change

NA

Technical Competencies

Competency

Proficiency

Accounting Concepts

Intermediate

Accounting Standards

Intermediate

Islamic Accounting Standards

Intermediate

Financial Modelling

Intermediate

Budgeting & Control

Intermediate

Regulatory and Compliance Knowledge

Intermediate

Stakeholder Relationship Management

Basic

Portfolio Management and Investments

Basic

Principles of Financial Audit

Intermediate

Finance System Workflow

Intermediate

Finance Systems Reporting

Intermediate

ICIEC Business Knowledge

Intermediate

ICIEC Product Knowledge

Basic

Awareness of Member Countries

Basic

Knowledge Sharing

Basic

Communication and Presentation Skills

Basic

Business Acumen

Intermediate

Risk Management

Basic

Technological Adaptability

Intermediate

About Application Process

If you meet the standards and you might be enthusiastic in regards to the function, we’d welcome your application. To full the application you would wish the next doc(s):

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• Resume/CV
• Passport-size {photograph}