Company profile
Saudi Reinsurance Company "Saudi Re" is a Saudi joint stock company under formation.
The Company will offer both life and non-life reinsurance products under the purview of The Saudi Arabian Monetary Agency (SAMA), the principal agency responsible for the application and administration of the Insurance Law and its Implementing Regulations. The reinsurance products will be offered for both treaty and facilitative types of reinsurance in all classes of business.
Job description
• Ensures compliance with IFRS; and ensures uniformity and accuracy in records, leading to reliable and timely preparation of monthly and annual financial reports that correctly reflect the Company's financial position and performance during the period.
• Performs cash management for bank balances excluding investment accounts.
• Ensures that disbursement process complies with established policies and authority guidelines and supported by adequate documentation.
• Ensures that all financial and accounting transactions are posted correctly. Conducts special review for the adequacy of provisions and accruals at the time of closing.
• Prepares month-end timetable and follows-up on deadlines to ensure timely close-off for the General Ledger accounts.
Qualifications
Bachelor Degree in Accounting
CA / CPA is a plus
Leadership skills
Fluent in English. Arabic is a plus
Advanced Computer Literate
Saudi Reinsurance Company "Saudi Re" is a Saudi joint stock company under formation.
The Company will offer both life and non-life reinsurance products under the purview of The Saudi Arabian Monetary Agency (SAMA), the principal agency responsible for the application and administration of the Insurance Law and its Implementing Regulations. The reinsurance products will be offered for both treaty and facilitative types of reinsurance in all classes of business.
Job description
• Ensures compliance with IFRS; and ensures uniformity and accuracy in records, leading to reliable and timely preparation of monthly and annual financial reports that correctly reflect the Company's financial position and performance during the period.
• Performs cash management for bank balances excluding investment accounts.
• Ensures that disbursement process complies with established policies and authority guidelines and supported by adequate documentation.
• Ensures that all financial and accounting transactions are posted correctly. Conducts special review for the adequacy of provisions and accruals at the time of closing.
• Prepares month-end timetable and follows-up on deadlines to ensure timely close-off for the General Ledger accounts.
Qualifications
Bachelor Degree in Accounting
CA / CPA is a plus
Leadership skills
Fluent in English. Arabic is a plus
Advanced Computer Literate
