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Officer, Accounts Payable
Daman -
Source: Headcount Labs · original listing ↗
Job data: Headcount Labs, ODbL 1.0. Job descriptions belong to their employers.
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About this role
Job Description The Accounts Payable is responsible for managing supplier payments, invoice processing, purchase order (PO) and purchase requisition (PR) validations, VAT compliance, and end-to-end Accounts Payable activities. The role also has a key responsibility for Property & Casualty (P&C) insurance and reinsurance payment operations, including reconciliation of Statements of Account (SOAs), settlement of balances with reinsurers and brokers, and ensuring accurate accounting and regulatory compliance. A. Accounts Payable Operations Invoice Processing & Validation • Review and validate supplier invoices for accuracy, completeness, and supporting documentation. • Ensure invoices are matched with approved Purchase Orders (POs) and Goods Receipt Notes (GRNs), where applicable. • Verify approvals are obtained in line with Delegation of Authority (DOA). • Ensure correct accounting treatment and GL coding. • Process invoices within agreed turnaround times. • Resolve invoice discrepancies with business stakeholders and vendors. Payment Processing • Prepare and execute supplier payment runs. • Ensure timely payments according to contractual terms. • Validate bank details before payment release. • Review payment proposals and obtain required approvals. • Support daily, weekly and monthly cash flow planning activities. B. VAT & Regulatory Compliance VAT Validation • Review invoices to ensure VAT treatment is correct. • Validate VAT registration details of vendors. • Ensure tax invoices meet UAE VAT requirements. • Verify recoverable and non-recoverable VAT treatment. • Review VAT codes before posting transactions. • Support VAT return preparation and reconciliations. • Maintain documentation required for VAT audits. • Ensure proper retention of tax documentation. C. P&C Insurance and Reinsurance Accounting Reinsurance Payment Management • Process facultative, treaty, and excess of loss (XOL) reinsurance payments. • Review bordereaux and settlement reports before payment. • Ensure payments are supported by complete contractual documentation. • Follow up on outstanding documents required for payment processing. Reinsurer & Broker Reconciliation • Perform reconciliation of Statements of Accounts (SOAs) received from reinsurers and brokers. • Match SOA balances company records and ledger balances. • Investigate and resolve differences in a timely manner. • Maintain reconciliation trackers and aging reports. • Coordinate with underwriting, claims, finance, and reinsurance departments to resolve discrepancies. P&C Claims Settlement Validation • Validate claim settlement amounts before payment. • Review approvals and supporting documents. • Ensure claim payments comply with treaty terms and reinsurance agreements. • Confirm allocation of recoveries and reinstatement premiums where applicable. • Verify accuracy of claims accounting entries. Technical Reinsurance Accounting • Reconcile outstanding claims balances. • Review and reconcile commission statements. • Validate profit commission calculations when applicable. • Review cash calls and recoveries. • Reconcile treaty accounts on a monthly basis. • Monitor aged balances and drive timely settlement. Financial Reporting Support • Prepare monthly reconciliation reports. • Support month-end and year-end closing activities. • Prepare schedules for auditors. • Assist in management reporting related to AP and P&C operations. Key Controls & Responsibilities • Ensure all payments comply with company policies and procedures. • Perform maker-checker validations. • Maintain complete audit trails. • Identify process improvement opportunities. • Recommend automation and efficiency enhancements. • Participate in internal and external audits. • Ensure adherence to service level agreements (SLAs). Reinsurer & Broker Reconciliation • Perform reconciliation of Statements of Accounts (SOAs) received from reinsurers and brokers. • Match SOA balances company records and ledger balances. • Investigate and resolve differences in a timely manner. • Maintain reconciliation trackers and aging reports. • Coordinate with underwriting, claims, finance, and reinsurance departments to resolve discrepancies. P&C Claims Settlement Validation • Validate claim settlement amounts before payment. • Review approvals and supporting documents. • Ensure claim payments comply with treaty terms and reinsurance agreements. • Confirm allocation of recoveries and reinstatement premiums where applicable. • Verify accuracy of claims accounting entries. Technical Reinsurance Accounting • Reconcile outstanding claims balances. • Review and reconcile commission statements. • Validate profit commission calculations when applicable. • Review cash calls and recoveries. • Reconcile treaty accounts on a monthly basis. • Monitor aged balances and drive timely settlement. Financial Reporting Support • Prepare monthly reconciliation reports. • Support month-end and year-end closing activities. • Prepare schedules for auditors. • Assist in management reporting related to AP and P&C operations. Key Controls & Responsibilities • Ensure all payments comply with company policies and procedures. • Perform maker-checker validations. • Maintain complete audit trails. • Identify process improvement opportunities. • Recommend automation and efficiency enhancements. • Participate in internal and external audits. • Ensure adherence to service level agreements (SLAs). Education • Bachelor’s degree in accounting, Finance. • Professional certification is preferred such as ACCA or CMA. Experience • 5-8 years of experience in Accounts Payable and Finance. • Minimum 5 years of experience in Insurance or Reinsurance accounting. • Experience in P&C insurance operations. • Strong background in supplier payments and reconciliations. • Experience handling treaty, facultative, and XOL settlements. Preferred • Experience with large insurance companies. • Experience with ERP systems (Oracle, SAP, EBS, Dynamics, etc.). • Experience managing high-volume payment environments. Job Info Job Identification 1531 Posting Date 11/12/2026 Apply Before 11/23/2026 Job Schedule Full time Locations Abu Dhabi, Abu Dhabi, AE