Senior Statutory Accountant – Sompo International

Title of the Job: Senior Statutory Accountant

Location: Purchase, NY

Job Description: As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize 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. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.Job DescriptionAre you looking for your next opportunity?Sompo has a unique opportunity for a Sr. Accountant – Statutory Reporting in our Statutory Reporting team.This role will be responsible for preparation of annual and quarterly statutory filings, state specific data calls, supplemental schedules and exhibits, IFRS/US GAAP to Statutory reconciliations, assist with preparation of audited financial statements and disclosures, contribute to success of special projects, and ensure compliance with internal controls.Location: This position will be based out of our Purchase, NY office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.Our business, your impact, our opportunity:What you’ll be doing:

• Assist in the preparation of quarterly and annual statutory filings, including journal entry preparation, statutory financial statements, underwriting exhibits and schedules, financial accounting supporting schedules, and footnote disclosures.

• Prepare the reconciliation between IFRS/US GAAP to Statutory basis of accounting.

• Prepare investment reconciliations between General Ledger and Investment Accounting provider, Clearwater, and review all investment schedules and prepare footnote disclosures

• Support the statutory financial statement audit process and liaison with internal and external auditors. Ensure compliance with internal controls over statutory reporting.

• Respond to department of insurance inquiries and state exam requests.

• Assist with analysis and draft commentary for quarterly balance sheet and income statement analytics.

• Work closely with senior team members on accounting issues.

• Stay up to date on current and pending changes to statutory accounting guidance and financial reporting requirements.

• Liaise with internal finance teams to gather and prepare quarterly and annual statutory filings for large reinsurance company.

• Evaluate current financial and accounting processes, propose, and implement improvements.

• Assess technical accounting issues related to statutory accounting regulations for appropriate financial treatment.
• Actively participate and/or lead AD Hoc Projects, including process improvements, accounting policy, and procedures documentation.
• Assist with internal/ external audit requests and maintain controls documentation.

What you’ll bring:

• B.S. or B.A. degree in accounting. CPA or MBA is preferred.
• Either 5+ years of prior Property and Casualty insurance industry experience in a statutory reporting role or 5+ years of prior experience supporting reinsurance or insurance business underwriting activities, such as Bordereau recording, managing TPA’s/MGA’s, technical accounting, cash application, etc.
• Experience working in a large corporate environment is preferred.
• Ability to communicate clearly and effectively both orally and written.
• Knowledgeable of US GAAP and Statutory Accounting Policies and Procedures.
• Self-motivated and exhibits ability to build strong relationships with management and team members at various levels, both locally and remotely.
• Detail oriented and logical/disciplined approach to problem solving.
• Can manage work effectively, is flexible and adaptable to a rapid changing environment.
• Demonstrate a positive attitude and strong interpersonal skills, should be able to effectively collaborate and interact with others.
• Must be willing to take the initiative to improve processes and resolve problems, including managing multiple initiatives simultaneously, prioritize functions and meet deadlines.
• Demonstrate strong analytical, verbal, written interpersonal, communications, prioritization, and time management skills.
• Additional working hours are required at peak periods.
• Knowledge of SAP General Ledger Accounting System is preferred.
• Advanced proficiency using Microsoft Office products (Excel, Access, PowerPoint, Power Query), to manipulate large data sets to satisfy statutory reporting requirements.
• Experience with Workiva, Wdesk, is preferred and is not required.

Salary Range: $90,000 – $130,000 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. 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 our current comprehensive U.S. benefit programs:

• 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

In today’s world, what do we stand for?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. Click to 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.

Company Name: Sompo International

Salary: $90000 – 130000 per year

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