Accounting Executive

Elseco Limited· Finance Department
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📍 Dubai, Dubai, United Arab EmiratesFull time

About this role

The Accounting Executive will be responsible for managing and monitoring the insurance premium accounting cycle.

The role focuses on ensuring the accurate recording, reconciliation, monitoring and timely settlement of premiums, including the review of bordereaux reports and supporting financial reporting. It also ensures that finance operations are performed efficiently and in compliance with applicable accounting principles and IFRS standards.

The successful candidate will operate in a technology-enabled finance environment, leveraging automation tools, digital reconciliation processes and data analytics to ensure accuracy, transparency and efficiency in financial operations.

SPECIFIC DUTIES AND RESPONSIBILITIES: 

1. Premium Accounting, Reconciliation & Monitoring 

  • Monitor and record premium receipts from brokers.
  • Ensure timely allocation of premium collections to the appropriate underwriting accounts.
  • Perform premium cash clearing and reconciliation between underwriting records, broker statements and bank receipts. 
  • Investigate and resolve discrepancies
  • Track outstanding premiums and follow up with brokers to ensure timely settlement.
  • Process premium settlements to participating members/insurers
  • Maintain and reconcile Insurance Bank Accounts (IBA) monthly

2. Bordereaux Review and Validation

  • Review monthly and quarterly bordereaux report and ensure completeness and accuracy.
  • Validate premium data against underwriting platform and bank records.

3. Technology & Automation

As elseco operates a technology-driven underwriting platform, the Accounting Executive is expected to:

  • Utilize internal digital platforms to monitor premium flows.
  • Support automation of reconciliation processes.
  • Identify opportunities for process improvements and system automation.
  • Work closely with ATOM and Finance teams to improve finance workflows.

4. Compliance and Controls

  • Ensure adherence to IFRS accounting standards and internal finance policies.
  • Maintain appropriate documentation for audit and regulatory purposes.
  • Support internal and external audits relating to premium accounting.
  • Ensure compliance with DFSA regulatory reporting requirements where applicable.

5. Month End Close Support

·       Assist in the monthly closing of books to ensure all entries are entered in the system specifically the Insurance Bank Account (IBA) account inwards and outward transactions

·       Assist in the preparation of financial statements & management reports.

·       Other tasked assigned.

·       3 to 5 years of relevant accounting experience, ideally within insurance, reinsurance, an MGA, or an insurance broker

.      Preferably fully qualified ACA/ACCA/CIMA/CPA (or equivalent finance related qualification)

·       Ability to work in a fast-paced and technology-driven environment

·       Ability to manage multiple deadlines and priorities

·       Strong analytical and reconciliation skills

·       High level of accuracy and attention to detail

·       Strong communication skills with internal teams and external parties

·       Computer literacy with good PowerPoint and Excel skills are expected

·       Solid understanding of accounting systems, particularly SAP, is an advantage

Frequently Asked Questions

Is the salary disclosed for the Accounting Executive position at Elseco Limited?
The salary for this Accounting Executive role at Elseco Limited is not publicly listed. Click "Apply Now" to learn more about the compensation package on their official careers page.
Where is the Accounting Executive position at Elseco Limited located?
This Accounting Executive role at Elseco Limited is based in Dubai, Dubai, United Arab Emirates. The position is listed as on-site or hybrid. Check the full job description or apply directly to confirm the work arrangement.
Is the Accounting Executive role at Elseco Limited full-time or part-time?
This is listed as a Full time position. It is posted as a Accounting Executive role in the Finance Department department at Elseco Limited.
Which team or department does the Accounting Executive at Elseco Limited belong to?
This Accounting Executive position is part of the Finance Department department at Elseco Limited. See the full job description for more information about the team structure and responsibilities.
How do I apply for the Accounting Executive position at Elseco Limited?
Click the "Apply Now" button on this page. You will be redirected to Elseco Limited's official application portal hosted on workable where you can submit your application directly.
When was the Accounting Executive job at Elseco Limited posted?
This Accounting Executive position at Elseco Limited was posted on Oct 2, 2026. Apply as soon as possible — early applications are often reviewed first.
Accounting Executive
Elseco Limited
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