We are seeking a highly qualified Accounting Department Manager to lead and oversee accounting operations for a well-established organization. The ideal candidate will be responsible for managing financial reporting, ensuring regulatory compliance, supervising the accounting team, and supporting the organization's financial strategy.
This role requires strong leadership, financial expertise, and the ability to ensure accurate and timely financial management.
Key Responsibilities
Financial Management
- Oversee all accounting operations, including general ledger, accounts payable, accounts receivable, and financial reporting.
- Ensure accurate preparation of monthly, quarterly, and annual financial statements.
- Manage the month-end and year-end closing processes.
- Monitor cash flow and ensure proper financial planning and control.
Insurance Accounting & Commission Management
- Oversee accounting related to insurance premiums, commissions, and brokerage revenues.
- Ensure proper reconciliation between insurers, clients, and the brokerage firm.
- Monitor commission structures and ensure accurate recording of brokerage income.
- Manage premium collection tracking and settlement with insurance companies.
Budgeting & Financial Planning
- Prepare and manage the company's annual budget and financial forecasts.
- Analyze financial performance and provide insights to support business decisions.
- Identify financial risks and opportunities to improve profitability.
Compliance & Regulatory Reporting
- Ensure compliance with local financial regulations, tax laws, and insurance sector regulations.
- Maintain proper financial documentation and internal audit readiness.
- Coordinate with external auditors, regulators, and financial authorities.
- Ensure adherence to insurance regulatory requirements and financial reporting standards.
Team Leadership
- Lead, supervise, and develop the accounting team.
- Establish efficient workflows and internal procedures within the accounting department.
- Provide guidance and mentorship to ensure high performance and professional development.
Internal Controls & Risk Management
- Establish and maintain strong financial controls and accounting policies.
- Monitor financial transactions and ensure transparency and accuracy.
- Identify financial risks and implement mitigation strategies.
Qualifications & Experience
- Bachelor's degree in Accounting, Finance, or related field.
- Professional certification, such as CPA, ACCA, CMA, or SOCPA, is preferred.
- Minimum 812 years of experience in accounting or finance.
- At least 35 years in a managerial role.
- Experience in insurance brokerage, insurance companies, or financial services is highly preferred.
- Strong knowledge of financial reporting, commission accounting, and regulatory compliance.
- Experience using ERP systems and accounting software.
Key Competencies
- Financial Reporting & Analysis
- Insurance Accounting & Commission Management
- Budgeting & Forecasting
- Regulatory Compliance
- Internal Controls & Risk Management
- Leadership & Team Management
Preferred Background
Candidates with experience in the following sectors are highly desirable:
- Insurance Brokerage Firms
- Insurance Companies
- Financial Services Firms
- Risk Advisory or Consulting Firms
