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For Companies At a Glance
- Tasks: Produce financial statements and manage regulatory reporting for a leading insurance company.
- Company: Join Sompo, a global leader in property and casualty insurance with over 130 years of innovation.
- Benefits: Enjoy health benefits, retirement plans, and global parental leave in an inclusive work environment.
- Why this job: Be part of a collaborative team that values diversity and fosters career growth.
- Qualifications: Must be a fully qualified accountant with Solvency II experience and strong Excel skills.
- Other info: This full-time role is based in London, offering opportunities for professional development.
The predicted salary is between 44000 - 66000 £ per year.
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Are you looking for your next opportunity?
Sompo has a unique opportunity for a
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
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Mid-Senior level
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Senior Company Reporting Accountant employer: Sompo
Contact Detail:
Sompo Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Company Reporting Accountant
✨Tip Number 1
Familiarise yourself with Solvency II regulations and UK GAAP reporting standards. Understanding these frameworks will not only help you in the interview but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the insurance and finance sectors, especially those who have experience with Sompo or similar companies. This can provide you with valuable insights and potentially a referral.
✨Tip Number 3
Prepare to discuss your experience with SAP or equivalent ledger systems in detail. Be ready to share specific examples of how you've used these tools to improve reporting processes.
✨Tip Number 4
Showcase your ability to collaborate across departments by preparing examples of past experiences where you worked with teams like Actuarial, Finance Operations, or Risk Management. This will highlight your teamwork skills, which are crucial for this role.
We think you need these skills to ace Senior Company Reporting Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Senior Company Reporting Accountant role. Focus on your experience with UK GAAP, Solvency II reporting, and any specific software like SAP.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also demonstrates your understanding of Sompo's values and how you can contribute to their finance team. Mention your proactive approach and ability to improve processes.
Highlight Relevant Experience: In your application, emphasise your previous roles related to financial reporting, particularly any experience with Solvency II and regulatory compliance. Use specific examples to illustrate your achievements in these areas.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an accounting role.
How to prepare for a job interview at Sompo
✨Know Your Financial Standards
Make sure you have a solid understanding of UK GAAP and Solvency II reporting requirements. Be prepared to discuss how you've applied these standards in your previous roles, as this will demonstrate your expertise and relevance for the position.
✨Showcase Your Analytical Skills
As a Senior Company Reporting Accountant, you'll need strong analytical skills. Prepare examples of how you've evaluated processes or data quality in the past, and be ready to explain how you implemented improvements based on your findings.
✨Emphasise Collaboration
This role involves working closely with various teams, so highlight your experience in fostering relationships with stakeholders. Share specific instances where your collaboration led to successful outcomes, especially in cross-functional projects.
✨Prepare for Technical Questions
Expect technical questions related to SAP or other ledger systems, as well as Excel proficiency. Brush up on your technical knowledge and be ready to demonstrate your problem-solving abilities through practical examples or scenarios.
