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We are looking for a Compliance Officer in Al Khobar to focus on reinsurance operations.

As a Compliance Officer, you will be responsible for –

  1. adhering to all the regulations of different jurisdictions where our business is carried out as well as to follow our internal policies.
  2. providing guidance and advising the Board of Directors (or the highest governing body) on matters related to compliance by monitoring and reporting results of the compliance/ethics efforts of the business and by implementing all necessary actions to ensure achievement of the objectives of an effective compliance

Since the role involves managing activities in different jurisdictions, you will be asked to travel to other GCC countries, when possible. Travelling is also required for on-the-job training.

The Candidate

We are looking for a Saudi national with 2 – 4 years of relevant experience.

If you are a finance/accounting/risk management graduate or employed in legal services with an interest in compliance, share your CV across and we can dicuss more about the role.

Responsibilities

Some of the responsibilities are stated below.

1. Develop, initiate, maintain, and revise policies and procedures for the general operation of the compliance of the company and its related activities to prevent illegal, unethical, or improper conduct.

2.     Develop and periodically review and update standards of compliance conduct to ensure its relevance in providing guidance to management and employees.

3.     Respond to alleged violations of rules, regulations and standards of conduct by evaluating or recommending the initiation of investigative procedures.

4.     Act as an independent review and evaluation body to ensure that compliance and other related issues/concerns within the company are being appropriately evaluated, investigated and resolved.

5.     Monitor, and as necessary, coordinate compliance activities of other departments to remain abreast of the status of all compliance activities and to identify trends.

6.     Identify potential areas of compliance vulnerability and risk, develop/implement corrective action plans for resolution of problematic issues and provide general guidance on how to avoid or deal with similar situations in the future.

7.     Provide reports on a regular basis, and as directed or requested, to keep the Audit Committee, Board of Directors and senior management informed of the operation and progress of compliance efforts.

8.     Formulate and maintain an effective compliance and risk management communication program for the company, including promoting (a) heightened awareness of standards of conduct, and (b) understanding of new and existing compliance and risk management issues and related policies and procedures.

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Our office in Oman is currently looking for a an Accountant with 1-2 years of experience in bookkeeping.

Purpose of the role

Maintenance of proper accounting records and analysis of financial information to prepare financial reports and financial statements by utilizing appropriate accounting control procedures.

Responsibilities

  • Preparing monthly, quarterly and annual financial statements.
  • Compile and analyze financial information to prepare entries to accounts and document business transactions.
  • Implementation of accounting and accounting control procedures.
  • Monitor and review accounting and related system reports for accuracy and completeness.
  • Assist in the preparation and review of budget.
  • Preparation and review of payroll entries, invoices, and other accounting documents.
  • Explain billing invoices and accounting policies to vendors and clients.
  • Resolve accounting discrepancies.
  • Supervise the input and handling of financial data and reports for the company’s automated financial systems.
  • Interact with internal and external auditors in completing audits.
  • Provide accounting policy orientation for new staff.
  • Adheres to the contents of the Company’s overall internal procedures and policies.
  • Miscellaneous tasks within the scope of work, as assigned by the direct manager.

Qualifications

  • Bachelors of Accounting

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Our office in Al-Khobar is currently looking for a an Accountant with 1-2 years of experience in bookkeeping.

Purpose of the role

Maintenance of proper accounting records and analysis of financial information to prepare financial reports and financial statements by utilizing appropriate accounting control procedures.

Responsibilities

  • Preparing monthly, quarterly and annual financial statements.
  • Compile and analyze financial information to prepare entries to accounts and document business transactions.
  • Implementation of accounting and accounting control procedures.
  • Monitor and review accounting and related system reports for accuracy and completeness.
  • Assist in the preparation and review of budget.
  • Preparation and review of payroll entries, invoices, and other accounting documents.
  • Explain billing invoices and accounting policies to vendors and clients.
  • Resolve accounting discrepancies.
  • Supervise the input and handling of financial data and reports for the company’s automated financial systems.
  • Interact with internal and external auditors in completing audits.
  • Provide accounting policy orientation for new staff.
  • Adheres to the contents of the Company’s overall internal procedures and policies.
  • Miscellaneous tasks within the scope of work, as assigned by the direct manager.

Qualifications

  • Bachelors of Accounting

Kindly note that we are looking for Saudi nationals.

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At Ace Insurance Brokers, we are looking for an Account Executive with 3 – 5 years of experience in the insurance industry.

Purpose of the role

  • Actively develops new business opportunities.
  • Maximizes cross selling opportunities where possible.
  • Prepares a prospect list of potential new clients.

Responsibilities

  • Review contracts as required.
  • Check externally produced policy documents.
  • Have a good working knowledge of the insurance products available, insurance trading conditions, the Company’s products and services.
  • Handle all technical queries effectively.
  • Highlight the specifics of the warranties, terms and conditions to clients.
  • Demonstrate detailed knowledge and understanding of the insurance market, insurance principles and the ability to apply them in the day to day activities.
  • Demonstrate detailed understanding of more complex product features, benefits, exclusions, warranties and their application to various situations.
  • Tailor products offered according to client’s needs.
  • Demonstrate an understanding of the concept of risk and how variables can affect the client, decisions in all classes of business.
  • Develop and maintain a strong relationship with the client and the market.
  • Effectively manage the clients’ portfolios.

Qualifications

  • Bachelors degree
  • Knowledge of MS office.

Kindly note that for this position, we are looking for Saudi nationals.

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At ACE Insurance Brokers, we are seeking a BI Consultant to join our office in Bahrain.

Role

  • Analysis of business processes (Finance, Sales, CRM, etc.) and functional design activities.
  • Describe functional requirements as a conceptual input to application design (business requirements, database model design and/or possible interfaces to the data warehouse, define and develop enterprise-reporting solutions such as reports, ad-hocs, scorecards, management dashboards, etc.).
  • Project management experience (Agile) is definitely an asset.
  • Being able to provide training covering BI related concepts and tools.

Qualifications and Responsibilities

  • Understand and documenting the functional and technical requirements.
  • Understand business requirements and gather necessary information.
  • Design, build, test and deploy BI technical solutions.
  • Implementation of BI analytics solutions.
  • Maintain and correct applications to keep them performing in accordance with technical and functional specifications.
  • Work within a multi-language, multicultural, multi-discipline environment.
  • Administrate the BI system, perform health check, and keep it up to date.
  • Demonstrate the changes done to the Users to perform the UAT.
  • UAT Support for the Business users in order to ensure end-to-end deployment of the requirement.
  • Provide training to business users.
  • Pro-actively build and maintain confidence of business users and colleagues.

Preferred Skills

  • SAP BOBJ reports and dashboards development.
  • Knowledge of Visualization techniques/methodologies.
  • Has a passion for Business Intelligence and Data Warehousing.
  • Experience in ETL process and functions, Informatica is a plus.

Experience

  • Has at least 3 to 5 years as a BI functional/technical consultant.
  • Having experience in insurance sector is a plus

Education

  • Graduated in Computer Sciences (university and/or graduate) or similar through experience.

If you are interested and would like to discuss more about the role, kindly share your CV across

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Job Description

Role

  • Perform Oracle Finance functional for R12.
  • Describe functional requirements as a conceptual input to application design (business requirements, database model design and/or possible interfaces to the Oracle EBS) and Work closely with the Finance Operations, the Finance team and IT staff to implement solutions
  • Project management experience is definitely an asset.
  • Being able to provide training covering Oracle R12 functionality to end user with best practices.

Qualifications and Responsibilities

  • Perform Oracle functional setups
  • Actively participate in System development life cycle and provide first line support to finance users.
  • Gather, analysis business requirements and perform Fit-Gap analysis
  • Active participation in preparing various project documents – Solution design, Functional Specifications, Setup Documents, SIT-UAT Test Scripts
  • Prepare end-user training and technical documentation
  • Train end-users
  • Help develop testing scripts.
  • Participate in CRP and UAT testing for various projects to compare actual with expected results and liaise with IT to resolve bug fixes.
  • Help IT team to apply patches and fixes to the existing system. Liaise with IT and Business to test the expected results and publish the same.
  • Combination of experience in systems/IT working with accounting or finance a plus.
  • Experience working with remote teams and management strongly preferred.
  • Assist in other projects as required.
  • Experience of supporting business during Month End Closures strongly preferred.
  • Prior experience performing business process analysis preferred.
  • Should carry excellent communication and presentation skills
  • Having strong experience in Support Life Cycle, SLA management and working with Oracle Product.

Preferred Skills

  • Business Administration, Chartered Accountant or Accounting (other majors OK with requisite experience) with min 2 – max 5 years of relevant experience in Oracle Financial R12, Knowledge of Fusion is added advantage.
  • Financial system knowledge required. Oracle applications knowledge including AR, AP, Cash Management, GL, FA and Oracle E-business tax
  • Good understanding of Sub-Ledger Accounting (SLA), Financial Accounting Hub (FAH).
  • Working knowledge of FSG reports
  • Basic technical knowledge of SQL, PL/SQL and Reports in XML publisher.
  • Having HRMS Knowledge is added advantage.
  • Has good communication skills (English).
  • Is a team player.

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Education

  • Bachelor’s degree from a college or University.

Experience

  • 1 -2 years of experience.
  • Maintain high levels of customer satisfaction by dealing with member/client enquiries in an effective and timely manner.
  • To offer the highest possible level of service to all our clients thereby assisting in retaining existing business and improving our persistency levels by maintaining excellent productivity and accuracy

Duties & Responsibilities

  • Respond to all client enquiries relating to eligibility, plan benefit coverage, claims status, policy terms and conditions and strive for first call resolution.
  • Communicate regularly with clients and our business partners regarding the insurance cover and related claims.
  • Provide payment confirmation or clarifications as required to clients.
  • Achieve / exceed set productivity and quality standards.
  • Interface effectively with internal colleagues and staff to resolve client issues.
  • Maintain accurate records and files as required.
  • Identify potential process improvements and make recommendations to Team Leader or Senior Officer.
  • Adhere to the contents of the Operating Procedures Manual (OPM) and the Company’s overall internal procedures and policies.
  • Nil E&Os.
  • Miscellaneous tasks within the scope of work, as assigned by the direct manager.

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Education

  • Bachelor’s degree
  • Dip CII, ACII, FCII will be an added value

Experience

  • 5 – 8 years’ experience in treaty placements

Duties & Responsibilities

  • Possess comprehensive knowledge of reinsurance and insurance capabilities & concepts, to market reinsurance programs
  • Coordinate with broking team and analytics to evaluate insurance risks on a portfolio level and advise clients on reinsurance treaty structures to mitigate downside risk and improve capital efficiency
  • Ability to establish and maintain positive client and reinsurer relationships, resolve client inquiries and issues within a timely manner
  • Negotiate and manage placement of reinsurance treaties utilizing both regional and international markets
  • Manage the coordination of underwriting and claims audits of insurance clients, when and if requested by reinsurers
  • Ensure company, market and client related documentation is issued (internally and externally) accurately and on time i.e. placement slips, cover notes, new and renewal contracts
  • Comply with external and internal regulatory and statutory policies, procedures and regulations
  • Research on industry topics and the development of content to be shared with clients and Prospects
  • Ability to read, analyse, and interpret, technical reinsurance presentations. Ability to write reports and business correspondence. Ability to effectively present information and respond to questions from clients, reinsurers and colleagues alike
  • Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, percentiles and proportions to practical situations
  • Coordinating with internal stakeholders and actuarial towards the development of reinsurance strategies and placement

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