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Job Description
Maintaining proper General Ledger records:
- Assist in maintaining the General Ledger (GL) system and ensuring the chart of accounts kept accurate and updated
- Perform assigned GL account reconciliations and assist in reviewing reconciliations to ensure accuracy and completeness of entries
- Support in the preparation of month-end and year-end closing process
- Ensure adherence to existing control processes and highlight any irregularities or unusual transactions
External Financial Reporting:
- Assist in preparing the Annual Report & Accounts (ARA), including supporting schedules for financial statements and board reports
- Coordinate with external auditors during quarterly and annual audits by providing required data and draft explanations for key variances
- Draft financial statement notes and disclosures
- Support the audit process by preparing working papers and responding to information requests
Internal Financial Reporting:
- Assist in preparing monthly flash and actuals reports for Bupa UK, including first-draft narratives on variances from plan and prior periods
- Contribute to the monthly performance report by compiling data and conducting initial reviews before submission for manager review
- Support ad hoc internal reporting requirements and stakeholder queries under manager supervision.
- Act as backup support for month-end tasks when the manager is unavailable
Internal Financial Reporting:
- Assist in preparing monthly flash and actuals reports for Bupa UK, including first-draft narratives on variances from plan and prior periods
- Contribute to the monthly performance report by compiling data and conducting initial reviews before submission for manager review
- Support ad hoc internal reporting requirements and stakeholder queries under manager supervision.
- Act as backup support for month-end tasks when the manager is unavailable
Regulatory Reporting:
- Prepare initial drafts of regulatory returns and submissions to the Insurance Authority, ensuring timely and accurate reporting
- Compile data and responses for regulator queries and collaborate with relevant teams for accurate information
- Maintain a tracker of regulatory deliverables and coordinate with stakeholders for required inputs
Internal Controls:
- Ensure compliance with established internal control procedures and report any exceptions or process gaps
- Support cost center allocation reviews and highlight potential misclassifications for correction
- Assist in the documentation and enhancement of financial accounting procedures and control processes
Regulatory Reporting:
- Prepare initial drafts of regulatory returns and submissions to the Insurance Authority, ensuring timely and accurate reporting
- Compile data and responses for regulator queries and collaborate with relevant teams for accurate information
- Maintain a tracker of regulatory deliverables and coordinate with stakeholders for required inputs
- Ensure compliance with established internal control procedures and report any exceptions or process gaps
- Support cost center allocation reviews and highlight potential misclassifications for correction
- Assist in the documentation and enhancement of financial accounting procedures and control processes
Staff Management & Development:
- Actively participate in team meetings and contribute to process improvement discussions
- Provide informal guidance and support to junior team members as needed
- Maintain individual development goals and seek feedback for continuous improvement
Skills
- Big 4 firms experience
- Saudi Insurance experience is a plus
- IFRS / SOCPA knowledge
- Knowledge of IA reports, rules and guidelines
- Competent in both Arabic and English languages written and spoken
Job Details
Preferred Candidate
Bupa Arabia
Bupa Arabia is a healthcare insurance company based in the Kingdom of Saudi Arabia. We are an associate business of Bupa Group, which is a global healthcare company with an international reach that extends across multiple business operations, practices, and resources.
Founded in October 1997, Bupa Arabia was initially established through a partnership between Bupa Global International and Nazer Group, with the key focus to provide health insurance services with high quality and competitive prices, while ensuring a distinctive experience for customers. Bupa Arabia has since evolved into a fully Saudi-owned and operated company. Our transformation from a joint venture into a publicly traded company on the Saudi Stock Exchange occurred in 2008, as we made 40% of our shares available to the public during our Initial Public Offering (IPO).
As a subsidiary of the global Bupa Group, we draw upon international expertise while maintaining a profound understanding of local healthcare requirements and regulations. This allows us to offer comprehensive healthcare insurance solutions tailored to the unique needs of the Saudi Arabian market.
Bupa Arabia prides itself on its commitment to the wellbeing and development of its employees, providing them with the same standard of care, support, and professionalism that it expects to be delivered to its customers.
Our core values shape every aspect of our work and culture:
Commit – Own it with accountability and urgency.
Collaborate – Win together through cross-functional synergy.
Care – Put people first, both employees and customers.
