usman khalid
Senior Finance Officer at Emirates Insurance Company- Claim this Profile
Click to upgrade to our gold package
for the full feature experience.
-
English -
-
urdu -
-
Punjabi -
-
Hindi -
Topline Score
Bio
Experience
-
Emirates Insurance Company
-
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.
-
-
-
Al-Futtaim
-
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.
-
-
-
AL Dawliyah Insurance Services
-
1 - 100 Employee
-
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 -
Skans
ACCA, Accounting and Finance -
Govt college of commerce Narowal
High School, Accounting