Senior Accountant - Insurance Sector at Grant Thornton Bahrain

Manama, Capital Governorate, Bahrain -

Full Time

Start Date

Immediate

Expiry Date

26 Sep, 26

Salary

0.0

Posted On

28 Jun, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Management Reporting, Regulatory Filings, IFRS, IFRS 17, Financial Statements, Audit Coordination, Month-end Closing, Bank Reconciliation, Fixed Assets Management, Insurance Accounting, Journal Entries, Budget Analysis

Industry

Accounting

Description

Position: Senior Accountant Industry: 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. 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.

Responsibilities

The Senior Accountant is responsible for preparing financial statements and management reports in compliance with IFRS 17 and regulatory standards. They will also oversee month-end closing, perform complex reconciliations, and supervise junior accounting staff.