Senior Accountant - Insurance Sector

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.