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About the Role
Sompo has a unique opportunity for a Statutory Reporting Accountant in our UK/Continental Europe Finance team. We are looking for a skilled Statutory Accountant to join our London office, responsible for the production of statutory accounts for multiple entities, 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.
Responsibilities
- Lead the preparation and oversight of statutory accounts for approximately eight entities, including prior-year roll-forward, assessment of relevant UK GAAP developments, and use of W Desk.
- Assist with the coordination and production of Solvency and Financial Condition Reports for UK and European entities, working closely with business function leads, and support the preparation of Pillar 3 QRTs as required.
- Collaborate with internal and external auditors, providing information on processes and procedures, and addressing queries promptly.
- Review and enhance statutory reporting processes, transitioning to a global reporting tool (WDesk) to ensure consistency across Finance. Potentially implement WDesk for quarterly executive reporting packs.
- Build and maintain strong relationships with internal stakeholders (Actuarial, Finance, Risk, IT) and external auditors.
- Prepare and submit various regulatory and statistical returns (e.g., ABI, FCA, IUA, NAIC, ONS) as required.
- Maintain comprehensive controls, audit documentation, and standard operating procedures (SOPs) to support audit and reporting processes and ensure consistency and compliance.
- Support regulatory reporting and finance transformation projects, including the development of reporting tools, data warehouse enhancements, automation initiatives for Solvency II look-through data reconciliation, and integration projects to align acquired entities with existing processes and reporting frameworks.
- Undertake other work as required, ensuring regulatory compliance and operational efficiency.
Requirements
- Bachelor’s degree in a relevant analytical field (e.g., Accounting, Finance, Mathematics).
- Fully qualified Accountant (CIMA/ACA/ACCA).
- Proven experience in statutory reporting
- Proven experience in production of Solvency II QRTs
- Strong knowledge of the insurance/reinsurance industry and regulatory landscape.
- Proficiency in SAP general ledger systems desirable
- Strong Microsoft Excel skills highly essential
- Excellent communication, presentation, and technical writing skills.
- Self-starter with strong organizational skills and the ability to improve processes.
Skills
- Statutory Reporting
- Solvency II QRTs
- Insurance/Reinsurance Industry Knowledge
- Regulatory Landscape Knowledge
- SAP General Ledger Systems
- Microsoft Excel
- Communication
- Presentation
- Technical Writing
- Organizational Skills
- Process Improvement
Location
- London
Work Type
- Onsite
Experience Level
- Statutory Accountant
Education Level
- Bachelor’s degree
- Fully qualified Accountant (CIMA/ACA/ACCA)
Benefits
- Expansive Health & Wellness Benefits
- Generous Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
About the Company
- Sompo is a global provider of property, casualty, and specialty insurance and reinsurance. Building on Sompo Holding’s 135 years of innovation, we seek to deliver a unified approach to servicing and providing customized solutions for our clients, ensuring that we meet their needs effectively and consistently. We strive to strengthen engagement with our clients and business partners every day by using the in- depth knowledge and insights of our experts to swiftly navigate the ever-shifting risk landscape in a fast and agile way – providing them with the products and coverages they need – underpinned by exceptional levels of service.
- Our values serve as the foundation for our company’s identity, purpose and culture: Accountability, Agility, Collaboration, Development, Integrity.
- Around the world, our 9,500+ 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.
Equal Opportunity
- Sompo is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.