Staff Accountant - I

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Staff Accountant-I to join our Statutory Controllership team.

This role will work directly with the US Statutory Reporting team and assist in the preparation and submission of quarterly and annual financial statements with the State Insurance Departments.

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 financial filings.
• Gain exposure to Statutory Accounting Principles.
• Support the compiling and organizing of financial data in accordance.
• Prepare journal entries, perform account reconciliations and variance analysis.
• Support the documentation of internal controls and procedures related to statutory reporting.
• Work with the Investment team to ensure statutory investment data elements are collected and updated in the Clearwater investment system.
• Help gather data for external auditors and regulatory examiners.
• Perform other related duties or projects as assigned by senior staff.

What you’ll bring:

• Bachelor’s degree in accounting, Finance, or Business Administration.
• Strong analytical and organizational skills.
• Proficiency in Microsoft Excel, Pivot tables, and basic understanding of financial statements.
• Interest in insurance accounting or regulatory reporting is a plus.
• Ability to work independently and manage time effectively.
• Detail-oriented with effective communication and interpersonal skills.

Salary Range: $65,000 – $80,000 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 here 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.