الرئيس التنفيذي للمالية | المملكة العربية السعودية | الخدمات المالية | شركة أورينت للتأمين (ش.م.ع)

Job description

About Al-Futtaim

Established in the 1930s, Al-Futtaim is one of the most diversified and progressive privately held regional businesses, headquartered in Dubai. Operating across more than 20 countries, the Group spans automotive, financial services, real estate, retail and health. With more than 40,000 employees, Al-Futtaim represents over 200 of the world’s most recognised brands, including Toyota, Lexus, IKEA, ACE and Marks & Spencer. Driven by its purpose to enrich lives and elevate communities, Al-Futtaim focuses on digital innovation, AI, sustainable growth and strategic partnerships, creating long-term value for customers, communities and partners while building a responsible legacy for future generations.

JOB PURPOSE:

To analyze & report financial information for making informed management decisions and to manage related records in an efficient manner consist with Group Policies, International Accounting Standards & Federal Laws.

KEY ACCOUNTABILITIES:

Description of the Accountability

• Financial Management
• Capital & Asset Management
• Operational Management

Performance Indicators (How accountability is measured)

• Cost Control
• Investment Planning & Budget Control
• Internal Controls & MIS Development
• Satisfaction of internal & external stakeholders

JOB CONTEXT :

1. FINANCIAL RECORDS

Maintain accounts & financial records pertaining to Underwriting & Financial transactions in accordance with the International accounting standards & Group policies in order to comply with the requirements of Federal Laws relating to Companies and Insurance Business.

2. INTERNAL CONTROL & SYSTEM DEVELOPMENT

Develop and implement effective internal control systems & procedures to ensure that all the assets and interests of the Company are secured and not subject to any risk and constant review of the transactions processing systems & methods to ensure all the transactions are correctly and accurately reflected in the books of account and implement appropriate modifications in order to meet the changing business needs.

3. BUDGETS

Formulate the annual budget and quarterly reviews and monitor its performance against budget & business objectives and ensure that management is accurately and timely informed about the financial status and results of the company.

4. MANAGEMENT INFORMATION / STATUTORY REPORTS

Compile, collect and prepare reports on underwriting & financial matters for timely submission to Management, Reinsurers & Concerned Government Departments in order to facilitate decision making & comply with the stipulated requirements.

5. WORKING CAPITAL MANAGEMENT

Plan & organize the Company’s Financial Resources in order to effectively manage working capital to meet the cash flow requirements.

6. INVESTMENTS OF SURPLUS FUNDS

Develop an effective investment strategy for placement of surplus funds in order to maximize investment yield and income.

7. FINANCIAL PLANNING

Assist in formulating the company's future direction and supporting tactical initiatives. Monitor and direct the implementation of strategic business plans at overseas entities. Ensure development of financial strategies & performance measures that support the company's overall strategic direction.

QUALIFICATIONS, EXPERIENCE, & SKILLS:

Minimum Qualifications and Knowledge:

• Chartered Accountant or equivalent.

Minimum Experience:

• 10-15 years experience in a progressive organisation (Including 5-7 years in a senior managerial position).

Job-Specific Skills:

• General Insurance with particular emphasis on Marine, Hull & Cargo, Non-Marine, Motor, Life & Medical.
• Accounting principles & conventions.

Behavioural Competencies :

• Strong interpersonal & analytical skills.
• Excellent communication skills and analytical ability.
• Excellent presentation skills.

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.

For further information, and to apply, please visit our website via the “Apply” button below.

Preferred candidate

Years of experience

12+ years

Degree

Bachelor's degree / higher diploma