usman khalid

Senior Finance Officer at Emirates Insurance Company
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Contact Information
us****@****om
(386) 825-5501
Location
AE
Languages
  • English -
  • urdu -
  • Punjabi -
  • Hindi -

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Experience

    • United Arab Emirates
    • Insurance
    • 200 - 300 Employee
    • Senior Finance Officer
      • Jan 2020 - Present

       Reconciling the designated Insurance Companies.  Process the payment to insurance companies with payable balance on the basis of reconciliations.  processing payments for FAC Reinsurance accounts on regular basis.  Sort out all unreconciled entries in insurance companies with the help of technical teams.  Prepare the bank reconciliation and sort out all unreconciled entries.  Update all banks entries in excel from all Bank SOA on Daily basis.  Prepare a cash reconciliation for cash clients’ accounts.  Send SOA to all Brokers/Clients and Insurance Companies every Month.  Follow up from broker for the pending premium of Clients under bookers on regular basis.  prepare the Receipt voucher on the receipts of premium and allocate according to the details of premium that provided by Clients/brokers.  process the Monthly commission of brokers based on broker’s payment for premium.  Process the claim payment for international Division in RMS (REINSUANCE MANGMENT SYSTEM) and Allocate Accordingly.  Pass the Quarterly entries as per management direction and assist to management for quarter closing.  Process the payment for claims and other general expenses in case, absence of payable team member’s.  Assist to new joiners as per Reporting manager instruction.  All Other work as per instruction and requirement of Management or in the Absence of same pear level.

    • United Arab Emirates
    • Retail
    • 700 & Above Employee
    • Accountant
      • Feb 2017 - Dec 2019

       Coordinating and communicating status of “premium payment warranty” receivables to technical and payable departments on regular basis to avoid PPW breaches of reinsurance premiums.  Regular Follow-ups with brokers and business development managers for collection of premiums against the policies having premium payment warranty (PPW) clause.  Send Statement of accounts to all FAC reinsurer on monthly basis.  Reconciling and processing payments for FAC Reinsurance accounts on regular basis.  Create Bill Registration Process in Premia 10 for tax calculation purpose before the payment of Expenses.  Process the refund to customer for canceled medical and motor polices.  Process the claim payment to the customers and surveyors  Follow-up for cash calls from different reinsurance  Prepare and reconciliation of GAP policies payment to QBE  Prepare the profit commission of GAP polices for UAE, Oman, Qatar and Sirilanka.  Acceptance and confirmation of premium for intergroup policy on SAP.

    • Assistant Accountant
      • Feb 2014 - Dec 2016

      • Supervision of All insurance policies & coordination with operations department regarding any issue. • Responsible for payment to different insurance companies • Coordination with receivables & follow-up for payments • Monitoring & checking all accounting transactions. • Bank reconciliation in MS Excel. • Involved in the daily overseeing and management of the company’s financial systems. • Responsible for weekly outstanding reports of sales persons. • Preparation of debit and credit notes. • Preparation the cheques and files. • Sales and cash reconciliations for all branches • Check and maintain the quality of the insurance policies. • Sales insurance policies

Education

  • Hailey college of commerce,Punjab university Lahore
    Bachelor’s Degree, Accounting and Finance
    2007 - 2011
  • Skans
    ACCA, Accounting and Finance
    2014 -
  • Govt college of commerce Narowal
    High School, Accounting
    2005 - 2007

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