VP, IFRS 17 & Life Reinsurance

Sompo has a unique opportunity for a VP, IFRS 17 & Life Reinsurance in our Global Finance team. 

This role will play a key part in the continued development and optimization of our IFRS 17 processes and in the establishment of the Sompo Life Re ("SLRe") entity. The position will focus on enhancing the Group finance close cycle, embedding IFRS 17 into business-as-usual operations, and strengthening the integration of actuarial and finance capabilities across both P&C and Life entities to improve reporting quality, efficiency, and insight. The VP, IFRS 17 & Life Re will report to the SVP, Chief Operating Office, Global Finance.

Location: This position will be based out of our Bermuda 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:

Sompo Life Re Finance Leadership:

• Act as Controller for the Sompo Life Re entity, with full ownership of financial calculations, journal postings, and financial reporting outputs.
• Provide SLRe leadership with insightful management information, analysis, and clear explanations of results to support business decision-making and performance management.
• Manage and coordinate third-party service providers, ensuring accurate and timely delivery of services aligned with Head Office Japan reporting requirements.
• Ensure all statutory filings are prepared accurately and submitted in accordance with local regulatory deadlines.
• Build scalable finance processes and a robust control environment to support future growth, maintaining clear documentation and evidence of control execution.
• Assist in the preparation and presentation of materials for the Audit Committee and Board of Directors. 

IFRS 17 Process Enhancement:

• Act as the finance lead for the end-to-end Group IFRS 17 reporting process, ensuring clear alignment between actuarial methodologies, assumptions, and financial reporting outcomes.
• Drive the integration of IFRS 17 into the business-as-usual Group close cycle, working closely with Group Reporting and local business units.
• Partner closely with Group Reporting, Actuarial, and regional Finance teams to ensure the IFRS 17 outputs are well understood, validated, and suitable for both external and management reporting.
• Strengthen and upskill the Finance team’s execution capability across IFRS 17 activities, with a particular focus on LRC calculations, analysis, and controls.
• Act as a trusted technical advisor on IFRS 17 matters across the companies P&C and Life business. 

Group Finance Close Process:

• Serve as the IFRS 17 accounting subject matter expert within the Group finance close cycle, overseeing the timely and accurate preparation, review, and explanation of IFRS 17 results.
• Identify and drive improvements in efficiency, quality, and control within IFRS 17-related close activities.
• Contribute to the development and implementation of a faster, more automated, and insight-driven close process.
• Support Finance transformation initiatives, including enhanced reporting, analytics, and management information.

What you’ll bring:

• An internationally recognized accounting qualification is required, together with a relevant university degree.
• A minimum of 10 years of accounting experience is required, including at least 5 years in the (re)insurance industry.
• Demonstrated hands-on experience with IFRS 17-related operations across P&C and/or Life entities, supported by at least 2 years of practical IFRS 17 experience.
• Strong technical understanding of IFRS 17 and its interaction with the broader finance close, Group consolidation, and financial statement reporting process.
• Proven capability in data management and analysis, including experience with Power BI, Power Query, and/or other relevant data management tools.
• Experience leading and developing finance professionals and a demonstrated ability to coordinate cross-functional colleagues to achieve process and reporting objectives.
• Highly organized, deadline-oriented, and able to work effectively in a collaborative, team-based environment.
• Exceptional interpersonal, communication, and presentation skills with the confidence to engage senior stakeholders.
• Willingness to travel occasionally to other offices for project and stakeholder engagement.

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 Bermuda benefit programs: 

• Comprehensive health plan offering Medical and prescription coverage
• Dental benefits including orthodontia benefits for adults and children
• Vision benefits
• Company-paid Life & AD&D benefits
• Company-paid Disability benefits with very competitive salary continuation payments
• Defined Benefit Pension Plan with competitive employer contributions
• Competitive paid-time-off programs, including company-paid holidays
• Competitive Parental Leave Benefits & Adoption Assistance program
• Employee Assistance Program
• Monthly Parking Reimbursement Allowance
• Tuition Reimbursement & Professional Qualification benefits  

Who we are and what we stand for:

At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide. Life at Sompo page.

Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.