Sr. Accountant - Lease Accounting

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 Description

We are seeking a Senior Accountant

• Lease Accounting to join our Financial Accounting team in our Purchase, NY office. The Senior Accountant

• Lease Accounting will be responsible for leading IFRS 16 and ASC 840 Lease Accounting and the IAS 38 Accounting over Intangible Assets. This role will include maintaining and performing system administration responsibilities over the Tagetik Lease Accounting Software. The Senior Accounting

• Lease Accounting is also required to assist the other Financial Accounting team members with various aspects of the monthly/quarterly close process, and other ad-hoc projects as assigned. The successful candidate will have excellent interpersonal communications skills, a strong working knowledge of IFRS and STAT accounting principles, Company's ledger system (e.g. SAP) and will be able to work independently as well as lead teams to support the maintenance and future configuration of these environments as well as the affected stakeholders. The Senior Accountant

• Lease Accounting will be responsible for performing Balance Sheet and G&A analytics and quarterly/annual IFRS/CRP reporting required for Home Office. The Senior Accountant

• Lease Accounting will report to the Financial Accounting Manager.

Duties and Responsibilities:

• Lead the IFRS 16 and ASC 840 Lease Accounting & IAS 38 Intangible Asset Accounting process within the Tagetik Subledger, including the preparation or review/approval of all associated lease and intangible asset journal entries for North America

• Perform accounting over Software Intangible Assets and collaborate with the IT Finance Team

• Perform continuous improvements over the Lease Accounting management and reporting process and provide collaboration with the Global Markets and ASNA Finance teams as changes impact the Global process.

• Maintain the Tagetik Lease Accounting System Administration function.

• Primarily liaison between Senior Facilities team members, Corporate FP&A, Accounts Payable and the Financial Accounting team

• Prepare or review/approve monthly and quarterly journal entries

• Prepare or review/approve monthly and quarterly account reconciliations

• Prepare or review/approve monthly and quarterly Balance Sheet Analytics

• Prepare or review/approve monthly and quarterly G&A Analytics

• Prepare or review/approve supporting schedules and Head Office supplemental reporting.

• Drive continuous improvements over internal reports and assist the Financial Accounting team with expanded knowledge and utilization of BOBj reporting.

• Proactively participate in continuous process improvements within the North America Finance team and the broader Global Finance organization

• Proactively participate in the FP&A budget cycle with inputs based on Tagetik reporting and GL activity.

• Actively participate and/or lead AD Hoc Projects, including accounting policy/ procedures documentation and KPI Metrics

• Assist with internal/ external audit requests and maintain controls documentation

Skills, Qualifications and Experience:

• Bachelor's degree in Finance or Accounting or in MIS with business concentration

• CPA required; Public accounting experience preferred

• 5+ years' experience supporting software within a large corporate environment

• Solid GAAP knowledge and strong awareness of IFRS Accounting Standards, including Accounting of Leases (IFRS 16 and ASC 840/842)

• Self-motivated and exhibits ability to build strong relationships with management and team members at various levels, both locally and remotely (US, Bermuda & UK). Additionally, will develop or implement better best practices.

• Ability to lead and manage team members

• Exhibit a professional demeaner when dealing with those at higher, and lower, levels in the organization

• Detail oriented and logical/disciplined approach to problem solving

• Can manage and delegate work effectively, is flexible and adaptable to a rapid changing environment

• Demonstrate 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

• Insurance/Reinsurance knowledge preferred

• Additional working hours are required at peak periods

• Strong knowledge of SAP General Ledger Accounting System is preferred

• Experience with a reconciliation/journal tool (i.e. BlackLine) is a plus

• Advanced proficiency Microsoft Office products (Excel, Access, PowerPoint, Power Query), including ability to parse and analyse and interpret large data outputs

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 International, 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.

Sompo International is an equal-opportunity employer committed to a diverse workforce. M/F/D/V