Financial Controller
Dubai, Middle East / North Africa
003649
Financial Controller
Dubai, Middle East / North Africa
003649
Working at Lockton
At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.
Business unit
Dubai
Schedule
Full Time Permanent
Job type
Experienced Professional
Workplace
Hybrid
Your Responsibilities
Job Purpose:
The Financial Controller – Lockton MENA Limited is responsible for overseeing all financial control activities for the reinsurance broking entity registered in DIFC, and will assume additional oversight responsibilities for Lockton Reinsurance Brokers KSA (LRB KSA) once live. The role combines technical accounting expertise with commercial insight to support business growth, financial integrity, and regulatory compliance. Reporting to the Regional Financial Controller, this role works closely with broking, compliance, and operations teams across MENA to ensure accurate reporting, financial governance, and strategic support in line with UK GAAP, IFRS, and regional regulatory frameworks.
1. Financial Control & Month-End Close
- Lead the month-end close and financial reporting process for Lockton MENA Limited and LRB KSA (once live), ensuring timely and accurate reporting in accordance with UK GAAP and IFRS.
- Manage general ledger integrity including journal entries, reconciliations, accruals, prepayments, and intercompany transactions.
- Ensure all balance sheet accounts are reconciled monthly with appropriate supporting documentation.
- Oversee correct handling, reconciliation, and reporting of Client Money Accounts (CMA) for both entities.
2. Regulatory & Statutory Compliance (DFSA & KSA IA)
- Prepare and submit all DFSA returns within deadline dates for Lockton MENA Limited.
- Coordinate with the local KSA finance team and external consultants to ensure compliance with the KSA Insurance Authority’s (IA) financial reporting and regulatory obligations, including ZATCA VAT/e-invoicing compliance.
- Maintain readiness for inspection and regulatory audits across both jurisdictions.
- Monitor cash flow and capital adequacy in line with DFSA EBCM and KSA regulatory requirements.
3. IBA Oversight
- Supervise the IBA (Insurance Broking Accounts) function, ensuring timely settlement of premiums, return premiums, and claims.
- Oversee client and insurer ledger reconciliations, aged debt reporting, and broker queries.
- Ensure proper segregation of client and office funds in both the UAE and KSA.
- Support the establishment and operationalization of the IBA function for LRB KSA, including process setup, system integration, and controls.
4. Commercial & Strategic Finance
- Support the Regional Financial Controller and CFO with budgeting, forecasting, and performance tracking across Lockton MENA and LRB KSA.
- Prepare revenue and cost analysis by class of business and region.
- Provide financial input into commercial initiatives including new market entry, hiring decisions, and platform implementation (e.g., Praktora rollout in KSA).
- Monitor broker-level KPIs, EBITDA trends, and working capital performance across the region.
Qualifications
5. Business Partnering
- Act as finance partner to broking, compliance, and operational teams in both DIFC and KSA.
- Provide guidance on client pricing, commercial terms, and contract structuring.
- Collaborate on MENA-wide finance initiatives and group-wide projects including new entity setup, intercompany governance, and investment cases.
6. Audit, Tax & External Reporting
- Manage external audits and statutory financial statements for Lockton MENA Limited, and support the audit process for LRB KSA.
- Coordinate with tax advisors on VAT, corporate tax, and transfer pricing for both jurisdictions.
- Support preparation of board reporting packs and financial updates to senior leadership.
7. Team Leadership & Continuous Improvement
- Lead, coach, and develop the IBA and finance team to ensure capability and performance.
- Identify and implement improvements in financial systems, controls, and reporting processes.
- Support the setup and development of the KSA finance function, ensuring adherence to group financial governance standards.
- Promote a culture of integrity, compliance, and continuous improvement across all finance activities.
Qualifications & Experience:
- Bachelor’s degree in Accounting, Finance, or related field.
- Professional qualification (ACA, ACCA, CPA or equivalent).
- Minimum 6 years of experience in financial control or broking finance, preferably in reinsurance or insurance.
- Proven experience with DFSA regulations and Client Money handling in the DIFC.
- Familiarity with KSA regulatory and VAT environment is an advantage.
- Strong knowledge of UK GAAP and IFRS.
- Experience supporting multi-jurisdictional finance operations is preferred.
Key Skills & Competencies:
- Strong technical knowledge in accounting, broking finance, and regulatory reporting.
- Understanding of DFSA and KSA financial regulatory environments.
- Commercial acumen with the ability to interpret financial data for decision-making.
- ERP and finance systems proficiency (e.g., Oracle, PeopleSoft, Praktora).
- Strong leadership, communication, and stakeholder engagement skills.
- Proactive, detail-oriented, and able to manage competing deadlines across jurisdictions.
#LI-YK1
Equal Opportunity Statement
Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.
At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.
About Lockton
Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 12,500+ Associates doing business in over 140 countries are empowered to do what’s right every day.
At Lockton, we believe in the power of all people. You belong at Lockton.
How We Will Support You
At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.
We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.
No Agencies Please
Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.
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