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Senior Accountant - Insurance

Job in Manama, Bahrain
Listing for: ACCA Careers
Full Time position
Listed on 2026-07-14
Job specializations:
  • Accounting
    Senior Accountant, Financial Reporting, Tax Accountant, Accounting Manager
Salary/Wage Range or Industry Benchmark: 12000 - 18000 BHD Yearly BHD 12000.00 18000.00 YEAR
Job Description & How to Apply Below
Position: Senior Accountant - Insurance Sector

Job Overview

We are seeking a highly skilled and experienced Senior Accountant to join our client in the insurance sector. The ideal candidate will have a strong background in accounting and a deep understanding of the insurance industry.

Key Responsibilities
  • Prepare management reports, including monthly actual vs. budget and sales forecast analysis.
  • Prepare and submit mandatory regulatory filings within statutory deadlines.
  • Prepare financial statements in accordance with IFRS, with specific focus on IFRS 17.
  • Coordinate with internal and external auditors and provide required audit support.
  • Supervise junior accountants, review their work, and ensure timely completion of tasks.
  • Perform month-end closing, including accruals, prepayments, depreciation, and adjustments.
  • Prepare and review journal entries for branches and agencies.
  • Perform reconciliations for banks, clients, insurance companies, workshops, suppliers, and interbranch/intercompany accounts.
  • Review receipts and supporting documents related to claims, payments, refunds, and suppliers/providers.
  • Prepare payment vouchers, cheques, and related accounting records.
  • Maintain and update the fixed assets register.
  • Prepare monthly employee deduction vouchers.
  • Prepare and manage bank and supplier confirmations on a periodic basis.
  • Perform other duties as assigned by management.
Education
  • Bachelor's degree in accounting or a related field with additional professional qualification is preferred.
Experience & Knowledge
  • 3–6 years of accounting experience in the insurance industry.
  • Strong experience in regulatory reporting, management reporting, and IFRS compliance.
  • Working knowledge of IFRS 17 and insurance accounting standards.

The job offers a competitive salary and benefits package, as well as opportunities for professional growth and development. If you are a dedicated and experienced Senior Accountant with a passion for the insurance industry, we would love to hear from you.

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Position Requirements
10+ Years work experience
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