Financial Reporting Accountant
Financial Reporting Accountant

Financial Reporting Accountant

Full-Time 55000 - 65000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Manage complex financial activities and ensure compliance with accounting standards.
  • Company: Join Sompo, a global leader in insurance and reinsurance.
  • Benefits: Competitive salary, health benefits, tuition reimbursement, and professional development.
  • Other info: Hybrid work model with opportunities for career advancement.
  • Why this job: Make a real impact in finance while growing your career in a supportive environment.
  • Qualifications: Degree-level education in finance or accounting and strong analytical skills.

The predicted salary is between 55000 - 65000 £ per year.

Sompo has a unique opportunity for a Financial Reporting Accountant in our Finance team. Our Finance team plays a critical role in ensuring the financial health and compliance of Sompo International. The team applies subject matter expertise in accounting principles and regulatory standards to deliver high-value, complex financial activities, enabling the organization to achieve its business objectives.

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:

  • Contribute to and advise on operational team plans to ensure alignment with broader business strategies and priorities.
  • Apply expertise to guide and support team members, ensuring accuracy, adherence to standards, and good practices in accounting processes.
  • Manage and execute high-value and complex accounting activities, including preparation of statutory and regulatory reporting outputs such as annual financial statements, tax returns, and entity reporting packs.
  • Conduct analysis and reviews of financial results, prepare ad-hoc reports, and support senior finance teams in producing management information reports for monitoring business activity, expenditure, and budget performance.
  • Ensure compliance with delegated authority limits, regulatory requirements, and accounting standards, including GAAP and FCA/Lloyd’s regulations.
  • Act as a subject matter expert to provide advice, guidance, and support to colleagues, stakeholders, and project teams, ensuring solutions meet functional needs.

What you’ll bring:

  • Extensive knowledge and expertise in financial disciplines, including GAAP and regional accounting standards.
  • Strong written and verbal communication skills, including technical writing and presentations.
  • Proficiency in MS Office applications (e.g., Excel) and other finance-specific software tools.
  • Excellent analytical, problem-solving, and time management skills, with the ability to prioritise and meet strict deadlines.
  • Proven experience in a finance environment within a complex multinational financial services business, including resolving finance or accounting queries and working with specialist tools or applications.
  • Degree-level education (or equivalent) preferred, with finance or accounting qualifications completed or nearing completion.

At Sompo, we recognise that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees. Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance. We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents.

Below is a summary of some of the benefits we offer, which may vary depending on the country:

  • Health & Wellness Benefits
  • Retirement & Savings Plans
  • Global Parental Leave & Adoption Assistance
  • Employee Assistance Program
  • Tuition Reimbursement & Professional Qualification benefits

Who we are and what we stand for:

At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide. Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.

We are Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 137 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 10,000 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose The Ease of Expertise(TM).

Financial Reporting Accountant employer: Sompo

At Sompo, we pride ourselves on being an exceptional employer, offering a dynamic and collaborative work environment in our London office. Our commitment to employee growth is reflected in our comprehensive benefits package, which includes health and wellness programs, retirement plans, and professional development opportunities, ensuring that our team members thrive both personally and professionally. Join us to be part of a diverse and inclusive culture where your contributions make a meaningful impact on our clients and communities.
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Contact Detail:

Sompo Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Financial Reporting Accountant

✨Tip Number 1

Network like a pro! Reach out to your connections in the finance world, especially those who work at Sompo or similar companies. A friendly chat can lead to insider info about job openings and even referrals.

✨Tip Number 2

Prepare for interviews by brushing up on your technical knowledge. Make sure you can confidently discuss GAAP, regulatory standards, and financial reporting processes. We want you to shine when it comes to showcasing your expertise!

✨Tip Number 3

Don’t underestimate the power of follow-ups! After an interview, send a quick thank-you email to express your appreciation. It shows your enthusiasm and keeps you fresh in their minds.

✨Tip Number 4

Apply through our website! It’s the best way to ensure your application gets noticed. Plus, you’ll find all the latest opportunities right there, tailored to your skills and interests.

We think you need these skills to ace Financial Reporting Accountant

Financial Reporting
GAAP
Regulatory Compliance
Statutory Reporting
Analytical Skills
Problem-Solving Skills
Communication Skills
MS Office Proficiency
Time Management
Accounting Principles
Technical Writing
Presentation Skills
Multinational Finance Experience
Team Collaboration

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Financial Reporting Accountant role. Highlight your experience with GAAP and any relevant financial reporting skills. We want to see how your background aligns with what we do at Sompo!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about finance and how you can contribute to our team. Be sure to mention specific experiences that relate to the job description.

Showcase Your Communication Skills: Since strong written communication is key for this role, make sure your application is clear and concise. Use professional language but let your personality come through. We love seeing candidates who can communicate effectively!

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!

How to prepare for a job interview at Sompo

✨Know Your Numbers

As a Financial Reporting Accountant, you’ll need to demonstrate your expertise in GAAP and regional accounting standards. Brush up on these principles and be ready to discuss how you've applied them in previous roles. Prepare examples of complex financial activities you've managed, like statutory reporting or tax returns.

✨Showcase Your Analytical Skills

The role requires excellent analytical and problem-solving skills. Be prepared to discuss specific instances where you've conducted financial analysis or resolved accounting queries. Use the STAR method (Situation, Task, Action, Result) to structure your responses and highlight your impact.

✨Communicate Clearly

Strong written and verbal communication skills are essential. Practice explaining complex financial concepts in simple terms, as you may need to present information to stakeholders. Consider preparing a short presentation on a financial topic relevant to the role to showcase your technical writing and presentation skills.

✨Understand the Company Culture

Research Sompo’s values and mission to understand their focus on collaboration and diversity. During the interview, express how your personal values align with theirs. Share experiences that demonstrate your ability to work in a team and contribute to a positive workplace culture.

Financial Reporting Accountant
Sompo

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