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Position: Senior Accountant – Insurance Sector Employment: Hiring for a leading Insurance Company in Bahrain Employment Type: Full-time, Permanent Job Overview We are seeking a highly skilled and experienced Senior Accountant to join our client in the insurance sector. The ideal candidate will have a strong background in accounting and a deep understanding of the insurance industry. This is a full-time, permanent position based in Bahrain.
Key Responsibilities:
- Prepare management reports, including monthly actual vs. budget and sales forecast analysis.
- Prepare and submit mandatory regulatory filings within statutory deadlines.
- Prepare financial statements in accordance with IFRS, with specific focus on IFRS 17.
- Coordinate with internal and external auditors and provide required audit support.
- Supervise junior accountants, review their work, and ensure timely completion of tasks.
- Perform month-end closing, including accruals, prepayments, depreciation, and adjustments.
- Prepare and review journal entries for branches and agencies.
- Perform reconciliations for banks, clients, insurance companies, workshops, suppliers, and interbranch/intercompany accounts.
- Review receipts and supporting documents related to claims, payments, refunds, and suppliers/providers.
- Prepare payment vouchers, cheques, and related accounting records.
- Maintain and update the fixed assets register.
- Prepare monthly employee deduction vouchers.
- Prepare and manage bank and supplier confirmations on a periodic basis.
- Perform other duties as assigned by management.
Education
Bachelor’s degree in accounting or a related field with additional professional qualification is preferred.
Experience & Knowledge
- 3–6 years of accounting experience in the insurance industry.
- Strong experience in regulatory reporting, management reporting, and IFRS compliance.
- Working knowledge of IFRS 17 and insurance accounting standards.
The job offers a competitive salary and benefits package, as well as opportunities for professional growth and development. If you are a dedicated and experienced Senior Accountant with a passion for the insurance industry, we would love to hear from you.