Manager(Finance & Accounts)

Position Details:

Company: LIC (International) B.S.C. (c).
Location: Bahrain.

Department: Finance & Accounts.
Designation: Manager

About the Role:As a Manager Accounts, you will be responsible for overseeing financial operations, ensuring compliance with regulatory standards, preparation and submission of financial statements and optimizing accounting processes.

Key Responsibilities:

1. Financial Management & Reporting:

• Preparation and presentation of quarterly, and annual financial statements of Company and its UAE branches in accordance with regulatory standards (e.g., IFRS 9, IFRS 17, etc.).
• Ensure the accuracy and timely submission of financial reporting, including income statements, balance sheets, and cash flow statements.
• Analyze financial data and performance metrics.

2. Regulatory Compliance:

• Ensure compliance with both local and international accounting standards, including Bahrain's financial regulations and industry-specific insurance requirements.
• Prepare and submit regulatory reports and other required filings in a timely manner.

3. Audit & Risk Management:

• Coordinate and manage internal and external audits, ensuring all audit requirements are thoroughly addressed.
• Ensure that all accounting policies and procedures are aligned with the organization’s risk management frameworks.

4. Budgeting & Forecasting:

• Lead the annual budgeting process, including forecasting future financial.
• Track actual financial performance against budgeted figures and recommend corrective actions when necessary.

5. Taxation:

• Ensure the company meets its tax obligations, including compliance with VAT and other relevant tax laws in Bahrain.
• Collaborate with external tax advisors for effective tax planning and to stay updated on regulatory changes and filing of tax returns.

· Qualifications and experience:

• Education: A qualification in Chartered Accountancy or a related field, such as ACCA or CPA, is preferred.
• Experience: At least 3 years of junior-level managerial experience in the Life or General Insurance industry, with a total of 5–6 years of relevant experience in accounting roles, preferably within the life insurance or financial services sector.

·

• Proper understanding of IFRS and financial regulations related to insurance business.
• Advanced proficiency in MS Excel and MS Word.
• Strong analytical, communication, and leadership abilities.

For short-listed candidates for interview, correspondence will be done using the mobile-number/email-id provided in the CV Details.

Job Type: Full-time