At a Glance
- Tasks: Manage Solvency II Reporting, prepare reports, and collaborate with various finance teams.
- Company: Join Sompo, a global leader in insurance with over 130 years of innovation.
- Benefits: Enjoy health benefits, retirement plans, and global parental leave.
- Why this job: Be part of a supportive team focused on quality and compliance in a dynamic environment.
- Qualifications: Must be a fully qualified Accountant with Solvency II experience and strong Excel skills.
- Other info: Work from our London office in a collaborative and inclusive culture.
The predicted salary is between 36000 - 60000 £ per year.
Are you looking for your next opportunity? Sompo has a unique opportunity for a SIIE Reporting Accountant in our European Regulatory Reporting team in SI Insurance (Europe), SA. The Regulatory Reporting Team at our organization is dedicated to producing high-quality regulatory reports that are meticulously crafted to satisfy the stringent requirements of both our company's regulators and internal stakeholders. Our team is committed to ensuring that every report is accurate, comprehensive, and insightful, thereby facilitating informed decision-making and demonstrating compliance with relevant regulatory standards.
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:
- Take ownership of the Solvency II Reporting process, including managing the timetable and coordinating deliverables with different teams.
- Prepare and analyze Quarterly and Annual Solvency II Reports, including the SFCR and RSR.
- Prepare and analyze the quarterly Solvency Capital Requirement with related analysis and commentary.
- Collaborate and communicate with other Finance functions (Tax, Technical Accounting, Financial Accounting, Corporate Controllership) and departments (Actuarial, Claims, Operations, FP&A) to enhance reporting processes.
- Handle other regulatory requests (NAIC) to various bodies.
- Prepare year-end Statutory Accounts for various entities, liaising with departments to gather required information.
- Participate in ad hoc projects as required.
What You’ll Bring:
- Previous Solvency II experience, preferably in a similar P&C Insurance Company.
- Strong Excel/IT skills.
- Good communication skills.
- Proven ability to learn quickly.
- Forward thinker with initiative to develop and improve current processes.
- Self-starter with good organizational skills and ambition to grow within the Finance department.
- Fully qualified Accountant.
- High dedication to meeting deadlines in fast-paced conditions.
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 aim to create value for clients and shareholders while maintaining Sompo as an attractive place to work. We foster open dialogue and an inclusive environment, rejecting racism, bigotry, prejudice, and injustice. We invest in building a diverse and welcoming workplace.
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 130 years of innovation, we are dedicated to simplifying your experience. Our 9,000+ employees worldwide are committed to providing expertise, insights, and solutions to meet your complex challenges.
SIIE Reporting Accountant employer: Sompo
Contact Detail:
Sompo Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land SIIE Reporting Accountant
✨Tip Number 1
Familiarise yourself with the Solvency II framework and its reporting requirements. Understanding the nuances of these regulations 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 regulatory reporting sectors. Attend industry events or join relevant online forums to connect with individuals who can provide insights into the company culture and expectations at Sompo.
✨Tip Number 3
Brush up on your Excel skills, particularly advanced functions and data analysis techniques. Being proficient in Excel is crucial for this role, and showcasing your expertise during discussions can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your previous experiences with regulatory reporting and how you've improved processes in past roles. Highlighting specific examples will illustrate your proactive approach and ability to contribute positively to the team at Sompo.
We think you need these skills to ace SIIE Reporting Accountant
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a SIIE Reporting Accountant. Familiarise yourself with Solvency II regulations and the specific reporting requirements mentioned in the job description.
Tailor Your CV: Highlight your relevant experience in Solvency II reporting and any previous roles in P&C insurance. Use keywords from the job description to ensure your CV aligns with what Sompo is looking for.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for regulatory reporting and your ability to meet deadlines in fast-paced environments. Mention specific examples of how you've improved processes in previous roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is crucial for a role focused on accuracy and compliance.
How to prepare for a job interview at Sompo
✨Understand Solvency II Reporting
Make sure you have a solid grasp of the Solvency II framework and its implications for regulatory reporting. Be prepared to discuss your previous experience in this area, as well as how you can contribute to the team's objectives.
✨Showcase Your Excel Skills
Since strong Excel skills are crucial for this role, be ready to demonstrate your proficiency. You might be asked about specific functions or tools you've used in past roles, so brush up on your knowledge of data analysis and reporting techniques.
✨Communicate Effectively
Good communication is key in this position, especially when collaborating with various departments. Prepare examples of how you've successfully communicated complex information to non-financial stakeholders in the past.
✨Demonstrate Initiative and Organisation
As a self-starter, it's important to show that you can manage your time effectively and take the initiative in improving processes. Think of instances where you've identified inefficiencies and implemented solutions, and be ready to share these during the interview.