Accounts Payable Specialist

About the role

We are looking for an experienced Accounts Payable Specialist to join our finance team at Walaa Cooperative Insurance Co. The role involves processing high volumes of invoices, managing payments, and supporting month‑end close activities within an insurance environment.

Key responsibilities

• Process high volumes of invoices accurately, perform invoice matching, variance reconciliation and G/L coding.
• Prepare and execute bank payments, validate bank details and upload bulk payments for approval.
• Verify supporting documentation to ensure compliance with legal and regulatory requirements.
• Respond to accounts payable inquiries and resolve issues efficiently.
• Train and review work of Accounts Payable trainees.
• Coordinate with internal departments and assist with month‑end close and reporting.
• Calculate, review and process broker commission payments per contractual agreements.
• Reconcile commission and reinsurance statements, resolve discrepancies and process reinsurance payments in line with treaties.

Required profile

• Associate’s or Bachelor’s degree in Accounting or a related field (preferred).
• 3‑5 years of accounts payable experience, preferably in the insurance sector.
• Hands‑on experience with invoice booking, VAT, operating expenses and ERP systems (Oracle).
• Knowledge of reinsurance accounting and commission processing is an advantage.
• Proficiency with accounting software and the Microsoft Office Suite.

Required skills

• Accounts Payable
• Commission processing
• Operating expenses
• VAT
• ERP systems (Oracle)
• Invoice booking
• Reinsurance accounting
• Microsoft Office Suite
• Accounting software
• Oracle