Statutory Reporting Accountant in City of London

As a leading provider of insurance and reinsurance with worldwide operations, we recognise 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.

Sompo has a unique opportunity for a Statutory Reporting Accountant in our UK/Continental Europe Finance team in our London office. We are looking for a skilled Statutory Accountant to join our London office, responsible for managing the production of multiple statutory accounts, 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: Oversee and produce multiple sets of statutory accounts (approximately eight), including the European regulated entity and its Swiss branch.
• Regulatory Reporting: Prepare quarterly regulatory reports for the Swiss branch to FINMA, ensuring compliance and monitoring of tied assets.
• Solvency II Reporting: Manage the production and oversight of Solvency & Financial Condition Reports for UK and European entities, coordinating with business function leads. Support Pillar 3 reporting as required.
• Process Improvement: Review and enhance statutory reporting processes, transitioning to a global reporting tool (WDesk) to ensure consistency across SI Finance.
• Audit Support: Collaborate with internal and external auditors, providing information on processes and procedures, and addressing queries promptly.
• Executive Reporting: Assist the Head of UK Company Reporting in producing quarterly executive reports, including detailed financial analysis and commentary.
• 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: Document and maintain robust controls and audit papers to support the audit & reporting processes.
• Project Involvement: Support regulatory reporting and finance transformation projects, including development of reporting tools, data warehouse evolution, and automation initiatives for Solvency II look-through data reconciliation.
• Additional Tasks: Undertake other project work as directed, 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 and Solvency II compliance.
• Strong knowledge of the insurance/reinsurance industry and regulatory landscape.
• Proficiency in SAP general ledger systems and Microsoft Excel.
• Excellent communication, presentation, and technical writing skills.
• Self-starter with strong organisational skills and the ability to improve processes.

Our Benefits:

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

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.

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

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