Senior Premium Reconciliation Specialist

Job Title: Senior Premium Reconciliation Specialist

Location: UAE (Remote)

Employment Type: Full-Time

Work Arrangement: Fully Remote — 100% Work From Home

Level: Senior

About Us

We are seeking an experienced Senior Premium Reconciliation Specialist to manage insurance premium reconciliation activities remotely. The successful candidate will ensure financial accuracy, investigate discrepancies, monitor premium settlements, and maintain effective financial controls while collaborating virtually with finance teams, insurers, brokers, and other stakeholders.

Key Responsibilities

• Manage daily, weekly, and monthly premium reconciliation activities remotely.
• Reconcile premium collections, policy administration records, insurer statements, broker accounts, bank transactions, and general ledger balances.
• Investigate and resolve discrepancies involving premium payments, policy adjustments, cancellations, refunds, commissions, and outstanding balances.
• Monitor unapplied cash, unidentified receipts, short payments, overpayments, and unmatched transactions.
• Coordinate virtually with finance, underwriting, policy administration, collections, and operations teams to resolve reconciliation issues.
• Liaise remotely with insurers, brokers, intermediaries, and banking partners regarding statements, payment confirmations, and settlement differences.
• Review premium bordereaux, account statements, payment reports, and supporting documentation for accuracy and completeness.
• Ensure transactions are recorded correctly and allocated to the appropriate policies, accounts, and reporting periods.
• Monitor outstanding premium balances and follow up on overdue settlements and unresolved financial items.
• Support month-end and year-end closing, account reconciliations, balance confirmations, and audit preparation.
• Maintain accurate reconciliation records, supporting evidence, and audit trails in accordance with company policies and applicable requirements.
• Identify recurring discrepancies, financial risks, and process weaknesses, recommending corrective actions and improvements.
• Prepare reconciliation reports, aging analysis, exception reports, and management summaries.
• Improve reconciliation workflows through standardization, automation, and effective use of remote collaboration tools.
• Maintain confidentiality and secure handling of financial information while working remotely.
• Ensure compliance with applicable UAE insurance regulations, accounting standards, data protection requirements, and internal controls.
• Provide remote guidance and support to junior team members when required.

Qualifications and Experience

• Bachelor's degree in Accounting, Finance, Business Administration, or a related discipline.
• At least 5–8 years of experience in premium reconciliation, insurance accounting, financial operations, accounts receivable, or a similar role.
• Previous experience in a senior reconciliation or financial control position within an insurance company, brokerage, or financial services organization.
• Strong understanding of insurance premium accounting, premium collections, refunds, commissions, and settlement processes.
• Experience reconciling high-volume transactions across bank statements, insurer accounts, broker records, and financial systems.
• Knowledge of general ledger accounting, month-end closing, balance sheet reconciliations, and financial reporting.
• Familiarity with relevant UAE insurance regulations and financial reporting requirements.
• Proficiency in Microsoft Excel, including pivot tables, lookup functions, and data analysis tools.
• Experience with ERP platforms, accounting software, insurance administration systems, and financial reporting applications.
• Strong