At a Glance
- Tasks: Lead finance transformation projects and drive process improvements across the organisation.
- Company: Join Sompo, a forward-thinking company committed to innovation and diversity.
- Benefits: Enjoy competitive salary, health plans, 401(k), and generous paid time off.
- Other info: Embrace a culture of integrity and inclusion at Sompo.
- Why this job: Make a real impact in finance while collaborating with diverse teams globally.
- Qualifications: 10+ years in finance transformation with strong analytical and leadership skills.
The predicted salary is between 70000 - 90000 £ per year.
Sompo has a unique opportunity for an AVP, Finance Transformation in our Finance Change team.
This role focuses on identifying, assessing, and leading process and technology improvement initiatives with a focus on continuous improvement.
The ideal candidate will be a critical thinker who can translate general business requirements into achievable projects and ensure these changes align with the strategic vision of the Finance function.
Location
New York City, Morristown, NJ, Purchase, NY, or London, UK
What you’ll be doing
- Responsible for supporting the development of the finance transformation strategy within Finance Change and leading cross-functional projects.
- Serving as a key member of the project team and working with cross-functional business partners to analyze, design, and implement end-to-end finance process solutions that drive standardization, efficiency, and effectiveness/quality to meet business requirements, compliance with statutory government regulations, and accounting.
- Leading process walkthroughs for the appropriate functional area to ensure business understanding and drive adoption of the solution.
- Ensuring global processes are standardized and consistent to leading practice.
- Providing advice when deviations from the standard global process are required.
- Identifying and tracking risks, defining mitigation and contingency plans, identifying resources to mitigate and communicating.
- Providing input into development of technical solutions to support and automate processes.
- Supporting the implementation of the E2E process through analysis of change impact, building business readiness, tracking readiness through implementation and working with the appropriate delivery organization to ensure implementations are anchored.
- Providing specific input to the development and review of testing and training materials and delivery.
- Partnering with change management to ensure process and change messages are consistent and clear.
What you’ll bring
- Experienced transformation analyst with at least 10+ years of experience.
Significant knowledge of accounting and finance best practices and experience participating in, or leading, transformation projects to help companies optimize all elements of their accounting and finance organization.
- Strong background in core financial processes RTR, OTC, PTP, FPA required. Experience with SAP preferred.
- Background in the P&C insurance and/or reinsurance industry preferred.
- Strong management skills with experience leading technical and non-technical resources in a matrix management environment. Has operated across multiple geographies and cultures.
- Ability to confidently engage with senior level managers/executives and build strong relationships with key stakeholders.
- Strong communication and facilitation skills with an ability to effectively manage cross-functional team discussions.
- Organized, highly motivated and driven self-starter with ability to work independently and collaborate effectively as part of a high performing team.
Salary Range
$140,000 – $185,000 USD or $85,000 - $100,000K GBP.
Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.
At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success.
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.
Benefits Summary
- Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
- Pharmacy benefits with mail order options
- Dental benefits including orthodontia benefits for adults and children
- Vision benefits
- Health Care & Dependent Care Flexible Spending Accounts
- Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
- Company-paid Disability benefits with very competitive salary continuation payments
- 401(k) Retirement Savings Plan with competitive employer contributions
- Competitive paid‑time‑off programs, including company‑paid holidays
- Competitive Parental Leave Benefits & Adoption Assistance program
- Employee Assistance Program
- Tax‑Free Commuter Benefit
- Tuition Reimbursement & Professional Qualification benefits
Ethics and integrity are the foundation of delivering on our commitment to you.
We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished.
At Sompo, our ring is more than a logo, it is a symbol of our promise.
Learn more about life at Sompo.
Sompo is an equal opportunity employer and we intentionally value inclusion and diversity.
Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities.
We do not discriminate based on race, color, religion, sex orientation, national origin, or age.
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AVP, Finance Transformation in London employer: Sompo
Sompo is an exceptional employer that fosters a collaborative and innovative work culture in the heart of London. With a strong focus on employee growth, we offer extensive professional development opportunities and a supportive environment that encourages creativity and strategic thinking. Join us to be part of a dynamic team dedicated to delivering outstanding client engagement services while enjoying the unique advantages of working in one of the world's most vibrant cities.
StudySmarter Expert Advice🤫
We think this is how you could land AVP, Finance Transformation in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Sompo. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace AVP, Finance Transformation in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Sompo.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Sompo's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Sompo
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Sompo.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Sompo will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Sompo employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
