Operations Accounts Supervisor

at  Liberty Specialty Markets

GENERAL INFORMATION

City: Dubai
Country: United Arab Emirates
Creation Date: 25-Jul-2024
Employment Type: Permanent
Employment Type: Full time
Ref #: 1234570975

DESCRIPTION & REQUIREMENTS

Job Title: Operations Accounts Specialist
Department: Finance
Division: Dubai - Finance
Location: Dubai
Type: Permanent
Role of Department

Finance in Liberty Specialty Markets (LSM) consists of circa 100 FTE and has a number of key roles:

• To partner the business to enhance decision making with a focus on strategy, planning, analysis and reporting. Support is provided both to the three management ‘Pillars’ – Specialty, Commercial and Reinsurance – and also to the supporting functions within LSM
• To ensure that all external financial reporting requirements (statutory, regulatory, tax, capital etc) are fulfilled. LSM consists of a Lloyd’s Syndicate, a UK insurance company with European branches, a number of small service companies and a portion of a US balance sheet
• To report to our US Parent on standard monthly requirements and ad-hoc requests on both a pillar and a legal basis

• To ensure superior management of our investments, cash and all financial risksTo give finance operations support to the business and finance

• Finance strives for continuous improvement in all areas and aims for excellent customer service, supported by quality and efficient processes, all operating within a robust control environment.

Key Responsibilities

• Credit Control
• Improving system efficiency and current processes
• Managing branch receivables and daily cash management, maintaining cashbooks and reconciling to bank statements and to cash module, Excel and Access.
• Reporting to underwriters, credit control teams and senior management on debt
• Insuring unallocated cash are kept within authorized limits
• Liaising with brokers on aged premium
• Implementing and facilitating the VAT process – liaising with the London office on this
• Informative communication and explanation of LSM expense performance and variance to Plan;
• Headcount tracking, reporting and control in conjunction with the HR Dept.;
• Organisation level management and effective oversight of expense planning and re-forecasting;
• Modelling of cost allocations and associated intercompany recharging;
• Providing a business partnering service to the key support office expense areas of the organisation;
• Assisting the business in finance expense deliverables such as forecasts and annual operating plans;
• Reviewing, challenging and providing input into business cases, projects and initiatives;
• Functional and budget centre expense performance tracking, cost challenge and control;
• Providing regular reports and analysis to senior Exec and the various finance teams;
• Assisting with expense policy, standards and guidelines setting;

• Liaising where needed with the external auditors;Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM’s commitment to placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

Skills and Experience

• Credit control experience including accounts receivable etc
• Experience working within the local Dubai market
• Regulatory and management reporting experience
• Solid planning and organisational skills, ability to effectively multi-task, with a problem solving mind-set and ability to perform in a tight deadline environment;
• Good inter-personal, influencing and stakeholder management skills, in order to build and forge network relationships with the Finance dept. and wider business, with high oral and written communication ability;
• Strong team player with a collaborative working style;
• Communicates effectively with colleagues (Back office team, underwriters, claims dept) and is willing to responsibility help and assist others to get the job done.

• Understands and consistently complies with the relevant LSM processesInsurance experience preferred

• About Liberty Specialty Markets (LSM)
  Liberty Specialty is part Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why “Put People First” is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

• Offering a vibrant and inclusive environment and committing to their career development.
• Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.

• Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

• For more information, please follow the links below:
  https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us
  https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusion-wellbeing/diversity-andinclusion

Finance in Liberty Specialty Markets (LSM) consists of circa 100 FTE and has a number of key roles:

• To partner the business to enhance decision making with a focus on strategy, planning, analysis and reporting. Support is provided both to the three management ‘Pillars’ – Specialty, Commercial and Reinsurance – and also to the supporting functions within LSM
• To ensure that all external financial reporting requirements (statutory, regulatory, tax, capital etc) are fulfilled. LSM consists of a Lloyd’s Syndicate, a UK insurance company with European branches, a number of small service companies and a portion of a US balance sheet
• To report to our US Parent on standard monthly requirements and ad-hoc requests on both a pillar and a legal basis
• To ensure superior management of our investments, cash and all financial risksTo give finance operations support to the business and financ

Key Responsibilities

• Credit Control
• Improving system efficiency and current processes
• Managing branch receivables and daily cash management, maintaining cashbooks and reconciling to bank statements and to cash module, Excel and Access.
• Reporting to underwriters, credit control teams and senior management on debt
• Insuring unallocated cash are kept within authorized limits
• Liaising with brokers on aged premium
• Implementing and facilitating the VAT process – liaising with the London office on this
• Informative communication and explanation of LSM expense performance and variance to Plan;
• Headcount tracking, reporting and control in conjunction with the HR Dept.;
• Organisation level management and effective oversight of expense planning and re-forecasting;
• Modelling of cost allocations and associated intercompany recharging;
• Providing a business partnering service to the key support office expense areas of the organisation;
• Assisting the business in finance expense deliverables such as forecasts and annual operating plans;
• Reviewing, challenging and providing input into business cases, projects and initiatives;
• Functional and budget centre expense performance tracking, cost challenge and control;
• Providing regular reports and analysis to senior Exec and the various finance teams;
• Assisting with expense policy, standards and guidelines setting;
• Liaising where needed with the external auditors;Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM’s commitment to placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing