Job Description
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Sompo has a unique opportunity for a Senior AIUK Branch Accountant in our UK Finance team .
We are looking for a skilled Regulatory Reporting Accountant to join our London office. The role will be responsible for supporting the production of quarterly regulatory submissions for the overseas branches of our UK Company Aspen Insurance UK Ltd (“AIUK”). The individual will oversee preparatory work produced by offshore partners and support the finalisation of Canada, Singapore & Australia branch reporting on a UK GAAP & IFRS 17 basis during 2027. This role will also involve collaborating with external auditors during the year-end close process and partnering with key stakeholders to ensure reporting cycles are completed effectively and on time.
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.
Our business, your impact, our opportunity
What you’ll be doing:
· Regulatory Reporting: Oversee the production of quarterly regulatory returns relating to the various branches of AIUK. Perform initial review of reporting numbers and additional deep-dive analysis into key areas of the financial statements and understand the key inputs that are driving solvency calculations.
· Accounting Standards & IFRS 17: Apply awareness of different GAAP bases (UK GAAP, IFRS 4 and IFRS 17) in order to support key IFRS 17 data deliverables and the preparation of the GAAP bridge for presentation to key stakeholders.
· Process Improvement: Improve controls around data preparation, including understanding and documenting reconciling items against the main AIUK insurance company ledger as well as Identify system and process improvements and support their implementation.
· Reporting Analysis & External Data Review: Respond to data requests and queries from internal and external stakeholders, including management, auditors and regulators. Challenge results received from external data providers and investigate key drivers of reporting outcomes.
· Controls and Documentation: Prepare and maintain comprehensive controls, audit documentation, methodology papers & standard operating procedures (SOPs) to support audit and reporting processes and ensure consistency and compliance.
· Stakeholder Management: Liaise with Finance teams, including Technical Accounting, Finance Systems, Capital Modelling and Tax, to support reporting requirements. Liaise with non-Finance teams, including Actuarial, Ceded Operations and Risk, to support reporting processes and resolve ad-hoc queries.
· Reporting Timetable Management: Manage own workload and priorities in line with agreed plans, oversee reporting timetables, and coordinate with the offshore team to ensure activities remain on schedule and reporting objectives are delivered on time.
Additional Tasks : Undertake other project work as required, ensuring regulatory compliance and operational efficiency. Support finance integration projects to align Aspen entities with Sompo processes systems & data models.
What you’ll bring:
Bachelor’s degree in a relevant analytical field (e.g., Accounting, Finance, Mathematics).
Fully qualified Accountant (CIMA/ACA/ACCA)
Proven experience in regulatory submissions/solvency experience as well as statutory reporting
Strong knowledge of the insurance/reinsurance industry and regulatory landscape.
Understanding of Canadian P&C returns and or MAS Reporting in Singapore would be desirable
Proficiency in CODA and/or SAP general ledger systems desirable
Strong Microsoft Excel skills highly essential
Experience managing other team members or groups of individuals overseas
Excellent communication, presentation, and technical writing skills.
Self-starter with strong organizational skills and the ability to improve processes.
Our Benefits
We continuously…