Statutory Reporting Accountant

Sompo; Greater London; On-site; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Health & Wellness

Retirement Plans

Parental Leave

Job summary

Sompo in London is seeking a Statutory Reporting Accountant to oversee statutory accounts for multiple entities and support year-end regulatory reporting.

You will coordinate Solvency II reporting, work with business leads, and assist with Pillar 3 disclosures, while improving processes and implementing WDesk across the finance function.

Qualifications

• Bachelor’s degree in Accounting/Finance/Mathematics or equivalent.
• Fully qualified Accountant (CIMA/ACA/ACCA) or equivalent.
• Proven experience in statutory reporting and Solvency II QRTs.

Responsibilities

• Lead the preparation and oversight of statutory accounts for multiple entities.
• Assist with Solvency II reporting and Pillar 3 disclosures.
• Collaborate with auditors and respond to queries during year-end closures.
• Review and enhance statutory reporting processes, including transitioning to WDesk.

Skills

Statutory reporting

Solvency II

Auditing support

SAP GL

Advanced Excel

Stakeholder management

Education

Bachelor’s degree in Accounting/Finance/Mathematics

Fully qualified Accountant (CIMA/ACA/ACCA)

Tools

WDesk

Job description

Are you looking for your next opportunity?

We have a unique opportunity for a Statutory Reporting Accountant in our UK/Continental Europe Finance team.

We are looking for a skilled Statutory Accountant to join our London office, responsible for the production of statutory accounts for multiple entities, supporting year-end and quarterly regulatory reporting, and supporting with Solvency II compliance for UK and European entities with accuracy and timeliness. This role also involves collaborating with external auditors during the year-end closing process and partnering with key stakeholders to ensure the seamless completion of reporting cycles.

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.

What you’ll be doing:

• Statutory Accounts: Lead the preparation and oversight of statutory accounts for approximately eight entities, including prior-year roll-forward, assessment of relevant UK GAAP developments, and use of W Desk.
• Solvency II Reporting: Assist with the coordination and production of Solvency and Financial Condition Reports for UK and European entities, working closely with business function leads, and support the preparation of Pillar 3 QRTs as required. Familiarity with regulatory reporting templates and working with large data warehouses would be advantageous.
• Audit Support: Collaborate with internal and external auditors, providing information on processes and procedures, and addressing queries promptly.
• Process Improvement: Review and enhance statutory reporting processes, transitioning to a global reporting tool (WDesk) to ensure consistency across Finance. Potentially implement WDesk for quarterly executive reporting packs.
• Stakeholder Management: Build and maintain strong relationships with internal stakeholders (Actuarial, Finance, Risk, IT) and external auditors.
• Regulatory Requests: Prepare and submit various regulatory and statistical returns (e.g., ABI, FCA, IUA, NAIC, ONS) as required.
• Controls and Documentation: Maintain comprehensive controls, audit documentation, and standard operating procedures (SOPs) to support audit and reporting processes and ensure consistency and compliance.
• Project Involvement: Support regulatory reporting and finance transformation projects, including the development of reporting tools, data warehouse enhancements, automation initiatives for Solvency II look-through data reconciliation, and integration projects to align acquired entities with existing processes and reporting frameworks.
• Additional Tasks: Undertake other work as required, ensuring regulatory compliance and operational efficiency.

What You’ll Bring:

• Bachelor’s degree in a relevant analytical field (e.g., Accounting, Finance, Mathematics).
• Fully qualified Accountant (CIMA/ACA/ACCA).
• Proven experience in statutory reporting
• Proven experience in production of Solvency II QRTs
• Strong knowledge of the insurance/reinsurance industry and regulatory landscape.
• Proficiency in SAP general ledger systems desirable
• Strong Microsoft Excel skills highly essential
• Excellent communication, presentation, and technical writing skills.
• Self-starter with strong organizational skills and the ability to improve processes.

Our Benefits:

• 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 are Sompo, a global provider of property, casualty, and specialty insurance and reinsurance.

Building on Sompo Holding’s 135 years of innovation, we seek to deliver a unified approach to servicing and providing customized solutions for our clients, ensuring that we meet their needs effectively and consistently.

We strive to strengthen engagement with our clients and business partners every day by using the in- depth knowledge and insights of our experts to swiftly navigate the ever-shifting risk landscape in a fast and agile way – providing them with the products and coverages they need – underpinned by exceptional levels of service.

Our values:

• Accountability: Raising the bar on what we deliver
• Agility: Keeping it simple as we grow
• Collaboration: Building relationships with clients and colleagues
• Development: Being curious and having a growth mindset
• Integrity: Being trustworthy and doing what’s right

Around the world, our 9,500+ 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.

Sompo is an Equal Opportunity Employer.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.

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