Accounts Manager
Oman Insurance company
Total years of experience :29 years, 6 Months
Professional experience - 1:
Period : December 1994 to Present
Company : Oman Insurance Company PSC
Designation : Accounts Manager
Duties comprise:
Preparation of Profit and loss account, Balance sheet etc.
Organizing and coordinating internal and external audits, ensuring smooth completion of quarterly and annual audits, reviewing and implementing audit recommendations
Supervise the payment procedure for reinsurance companies, insurance companies, suppliers, brokers etc and exercise internal controls so that payments are made as per approved terms and SOA.
Effective follow up on the insurance companies, reinsurance companies and broker’s outstanding collection, maintain rapport and resolve the accounting and reconciliation issues.
Proactively approached in streamlining major accounts of the company resolving the age old issues to the mutual satisfaction of both the parties
Monthly and quarterly facultative and treaty payments to reinsurance companies
Preparation of Daily cash collection summary from customers, Insurance Companies and brokers.
Data base maintenance of Customers, brokers, Insurance Companies and creation and maintenance of Account code of the same.
Preparation of MIS reports to enable management to make strategic/operational decisions from time to time.
Supervising the bank reconciliations.
Preparation of Group reporting pack to be submitted to the parent company on monthly basis
Reconciliation of the GL balances with the front end system.
One of the key participants in the implementation of Oracle Finance System
Supervising the journals, credit notes, cash receipts issued by the subordinates.
Responding promptly and accurately to the requirements and queries of external and internal parties.
Professional experience - 2:
Period : May 1993 to November 1994
Company : Fathi Al Samhori Office - Public Accountants Amman - Jordan
Designation : Accountant
Payable, Receivable ( Monitor)
Reinsurance Accounts ( TTY - Fac"In/outward")