Senior Company Reporting Accountant

Sompo International; London; On-site; GBP 55,000 - 75,000; Full time

Job summary

A leading insurance provider seeks a Senior Company Reporting Accountant to join their UK Finance team in London. This role focuses on financial statements and regulatory reporting, requiring strong accounting skills and experience with Solvency II. The company values collaboration and offers a supportive work environment with competitive benefits.

Benefits

Health & Wellness Benefits

Retirement & Savings Plans

Parental Leave & Adoption Assistance

Qualifications

• Experience with SAP general ledger or equivalent.
• Previous Solvency II experience required.

Responsibilities

• Ensure timely delivery of Solvency II Pillar III reporting.
• Prepare year-end UK GAAP Financial Statements.
• Lead production of the SFCR and manage external audit process.

Skills

Excel

Communication

Initiative

Organizational Skills

Education

Fully qualified Accountant (ACA/ACCA/CIMA)

Tools

SAP

Job description

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Senior Company Reporting Accountant in our UK Finance team.

An exciting position has become available to join the Sompo UK Reporting team and contribute to the exceptional performance of our business. Reporting directly to the Head of Company Reporting, this role will focus on the production of Financial Statements (UK GAAP) and Solvency II Pillar 3 reporting.

Location: This position will be based out of our London office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Our business, your impact, our opportunity:

What you’ll be doing:

• Ensure timely delivery and high-quality standards of Solvency II Pillar III reporting deliverables, coordinating with wider Sompo teams including, Technical Accounting, Actuarial, Finance Operations, FP&A, Tax and Group Risk ensuring consistency across all information presented across the business
• Prepare year-end UK GAAP Financial Statements for EWIL
• Lead the production of the SFCR for all entities including managing the SFCR timetable and external audit process.
• Monitor regulatory developments and advise the team and management on impact on regulatory reporting.
• Evaluate current processes and data quality to determine the adequacy of information for Solvency II and IFRS/UK GAAP reporting; implement changes as necessary.
• Support both internal and external audits by providing information on processes and procedures, and addressing queries promptly.
• Maintain and oversee all documentation related to Pillar III processes of Solvency II Reporting for the Company.
• Assist in the calculation of the Solvency Capital Requirement using the Standard Formula.
• Collaborate with the Head of Company Reporting to produce quarterly Executive Reporting, including detailed financial analysis and commentary.
• Foster strong relationships with internal stakeholders (including senior management in Actuarial, Finance, Risk, and IT) and external auditors.
• Assist with preparation various regulatory requests, including statistical returns (ABI, FCA, IUA, NAIC, ONS, etc.) for different regulatory bodies.
• Document and maintain adequate controls and procedures.
• Consistently seek ways to improve existing processes and implement best practices.
• Contribute to regulatory reporting and finance projects, including participation in IT and Finance Transformation projects aimed at developing existing processes and enhancing Data Warehouse reporting to support Executives and Regulatory Reporting.
• Undertake ad hoc projects as required.

What you’ll bring:

• Experience of SAP general ledger or equivalent ledger system

• Strong Excel skills

• Good communication skills

• Proven ability to learn quickly

• Forward thinker and somebody with initiative to develop and improve current processes

• Self-starter with good organisational skills and ambition to develop within the Finance department

• Fully qualified Accountant (ACA/ACCA/CIMA)

• Previous Solvency II experience required

• Knowledge of SII Assist advantageous

Our Benefits

We continuously evaluate and update our benefit programs to ensure that our plans meet the needs of our employees and their dependents. Below are a few highlights of our inclusive benefit programs:

• Expansive Health & Wellness Benefits
• Generous Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance

In today’s world, what do we stand for?

We strive to create exceptional value for our clients and shareholders while maintaining Sompo as an attractive place to work. We foster an environment of ongoing, open dialogue between managers and their direct reports, and believe in an organizational environment where everyone belongs. We proudly are a multi-racial, multi-cultural, global enterprise. We reject all forms of racism, bigotry, prejudice and injustice and continue to invest in building out an inclusive and diverse work environment.

About Us

Expert Partners.
Clarity in complexity.
Unwavering commitment .

We’re Sompo, a global provider of property, casualty, and specialty insurance and reinsurance. Building on Sompo Holdings’ 130 years of innovation, we’re committed to applying all of our experience to simplify yours.

Our dedication to you shows up in the care we put in every detail, working to create a frictionless risk management journey for everyone we serve.

We lead with your priorities, meticulously crafting solutions, sharing insights, and understanding your needs.

Around the world, our 9,000+ employees use their expertise to learn, improve and find clear answers for your complex challenges.

Because when you choose Sompo, you choose the ease of expertise.

To learn more about visit our website at www.sompo-intl.com