Finance Manager

JOB PURPOSE : To manage the end-to-end finance function of the DIFC entity, including financial and regulatory reporting, IFRS 17 compliance, group reporting submissions, and liaison with external auditors and the Dubai Financial Services Authority (DFSA).Location : DIFC, Dubai, UAEJob Responsibilities:Monitor the day-to-day financial operations within the company (payroll, invoicing, and other operational transactions)Prepare monthly and quarterly management reportingEnsure timely submission of monthly and quarterly group reporting packs and consolidation schedules to Group FinanceManage reinsurance accounting, including treaty and facultative accounting, broker statement reconciliations, and monitoring of reinsurance receivables ageingPrepare and submit DFSA prudential returns, monitor capital adequacy, and ensure compliance with applicable DFSA rulebook requirements (PIN / PRU modules as applicable)Ensure compliance with DIFC Companies Law, including annual audited financial statement filing requirementsEnsure appropriate treatment of UAE Corporate Tax (including Qualifying Free Zone Person conditions) and VAT on insurance and reinsurance transactionsParticipate in strategic data analysis, research, and modeling for senior company leadershipSupport project analysis, validation of plans, and ad-hoc requestsManage the company's financial accounting, monitoring, and reporting systemsEnsure compliance with accounting policies and regulatory requirementsDevelop new metrics for driving business performance relative to strategic priorities and minimizing riskDrive value within the business through margin enhancement, lower costs, and operational efficienciesManage relationships with bankers, auditors, tax authorities, and regulators (DFSA)Comply with national and local financial regulations by studying existing and proposed legislationFocus on daily and month-end accounting to determine results, including P&L activity, balance sheet activity (deferrals, accruals), and accounts-receivable cash application, in compliance with IFRSProvide insights about spending trends, cost-savings initiatives, and margin opportunitiesEducational Qualifications:BSc in Accounting, Finance or relevant degreeProfessional accounting qualification (CA / CPA / ACCA) is requiredExperience:Minimum 10 years of post-qualification experience in accountancy, of which at least 5 years in the insurance or reinsurance industry (mandatory)Hands-on experience in IFRS 17 and IFRS 4 reporting within an insurance or reinsurance environmentExperience with audit firms is preferredExperience liaising with regulators (preferably DFSA) is an advantageSkills and Expertise :The position will be expected to have considerable knowledge of accounting systems, budgets, and internal controlsGood knowledge of the DIFC / DFSA regulatory framework and UAE statutory requirements, including IFRS as applicable to insurance and reinsurance entitiesStrong working knowledge of IFRS 17 (Insurance Contracts) and IFRS 4, together with other industry-specific IFRS relevant to insurance and reinsurance operationsAdvanced MS Excel skills, including lookups and pivot tablesStrong attention to detail and good analytical skillsGood English communication skillsKnowledge of Arabic language is preferred