Overview
Junior Financial & IBA Accounts Jobs in Riyadh, Saudi Arabia at Howden
Title: Junior Financial & IBA Accounts
Company: Howden
Location: Riyadh, Saudi Arabia
About the Job
The Junior Financial & IBA Accounts role supports reinsurance and financial accounting activities, including reconciliations, reporting, and coordination with underwriting and operations teams.
Key Responsibilities & Duties
- Perform day-to-day accounting and operational activities, including maintaining books of accounts, transaction booking, billing, collections, and cash allocations.
- Prepare accounting vouchers such as Receipts, Payments, Petty Cash, and Journal Vouchers as required.
- Assist the Finance Manager with monthly financial close activities, including preparation of financial statements, cash flow management, payments, and management reporting.
- Support internal and external audit processes by providing required documentation and ensuring compliance with established controls.
- Work closely with Underwriters to review complex reinsurance transactions from an accounting perspective.
- Review reinsurance technical accounts, including commission adjustments, profit commissions, and premium adjustments.
- Review, record, and monitor collections and payments related to reinsurance technical accounts.
- Record reinsurance payables and receivables accurately in the general ledger.
- Reconcile all reinsurance activities, including reinsurance payable and recoverable accounts.
- Review, reconcile, and follow up on outstanding balances with ceding companies.
- Coordinate with the Operations team to ensure all policies are accurately accounted for on a monthly basis.
- Demonstrate strong multitasking abilities by working across multiple systems and accounts while managing tight deadlines and shifting priorities.
Qualifications & Experience
- Bachelor’s degree in Accounting, Finance, or a related field, or equivalent insurance industry work experience.
- 2–5 years of relevant work experience, preferably within an insurance company, reinsurance broker, or reinsurance company.
- Proficiency in digital office tools, including MS Office Suite.
- Basic ability to read and understand insurance and reinsurance policies and contracts.
- Strong communication skills with the ability to coordinate effectively across teams.
- High level of attention to detail and accuracy.
