Finance Manager

Role overview

This position owns the complete finance operation for the DIFC entity, covering financial control, statutory and regulatory reporting, IFRS 17 compliance, group reporting deliverables, and coordination with external auditors and the Dubai Financial Services Authority (DFSA).

Location: DIFC, Dubai, UAE

Key responsibilities

• Oversee day-to-day finance activities, including payroll, invoicing, and other routine transactions.
• Prepare management accounts and reporting on a monthly and quarterly basis.
• Submit monthly and quarterly group reporting packs and consolidation schedules to Group Finance on time.
• Handle reinsurance accounting across treaty and facultative business, including broker statement reconciliations and receivables ageing oversight.
• Compile and file DFSA prudential returns, track capital adequacy, and meet applicable rulebook obligations under PIN / PRU modules as relevant.
• Maintain compliance with DIFC Companies Law, including filing of annual audited financial statements.
• Ensure correct UAE Corporate Tax treatment, including Qualifying Free Zone Person requirements, and apply VAT rules to insurance and reinsurance transactions.
• Contribute to strategic analysis, research, and financial modelling for senior leadership.
• Support project evaluations, plan validation, and other ad hoc finance requests.
• Run and improve financial accounting, monitoring, and reporting systems.
• Keep accounting policies and regulatory obligations aligned with required standards.
• Create metrics that help improve business performance, support strategic goals, and reduce risk.
• Help the business improve margins, lower costs, and build operational efficiency.
• Maintain working relationships with banks, auditors, tax authorities, and DFSA regulators.
• Stay current on financial laws and changes by reviewing existing and proposed legislation.
• Manage daily and month-end accounting, including P&L, balance sheet items such as deferrals and accruals, and accounts receivable cash application under IFRS.
• Analyze spending patterns, identify cost-saving opportunities, and highlight margin improvement areas.

Required qualifications and experience

• Bachelor’s degree (BSc) in Accounting, Finance, or a closely related field.
• Professional accounting certification such as CA, CPA, or ACCA is mandatory.
• At least 10 years of experience after qualification in accountancy.
• Minimum 5 years of mandatory experience in the insurance or reinsurance sector.
• Practical exposure to IFRS 17 and IFRS 4 reporting in an insurance or reinsurance environment.
• Experience working with audit firms is preferred.
• Experience dealing with regulators, especially DFSA, is an advantage.

Skills and knowledge

• Strong understanding of accounting systems, budgeting, and internal controls.
• Working knowledge of DIFC / DFSA regulations and UAE statutory requirements, including IFRS as applied to insurance and reinsurance businesses.
• Deep familiarity with IFRS 17 (Insurance Contracts), IFRS 4, and other relevant industry standards.
• Advanced Excel capability, including lookups and pivot tables.
• High attention to detail and strong analytical ability.
• Clear written and spoken English communication.
• Arabic language knowledge is preferred.

Additional information

This is a full-time, onsite role based in Dubai. The role also involves compliance with national and local financial regulations, along with liaison across banking, audit, tax, and regulatory stakeholders.

Who can apply

Professionals who meet the education, certification, and experience requirements, particularly those with a background in insurance or reinsurance finance and reporting.