VP, Controller

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

Position Summary

AgriSompo North America provides renowned, cutting-edge analytics to address risk and the risk exposures of each of its product lines. Through a deep-rooted commitment to customer service, AgriSompo North America is positioned to make a long-lasting impact on this nation's farmers and ranchers for generations to come. The Controller reports to the CFO and has primary day-to-day responsibility for planning, implementing, managing, and controlling the accounting and cash related activities of the company. The Controller assumes responsibility for the financial reporting process, maintaining and implementing controls, overseeing impacts of accounting system implementations, managing the accounting department, and relationships with auditors both internal and external.

Essential Duties & Responsibilities

This list is meant to be representative, not exhaustive nor imply that these are the only duties to be performed by the incumbent in this job. Some incumbents may not perform all the duties listed or may perform related duties as assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Job Responsibilities

Strategy, Planning, and Management

• Redefine the vision of the Controllership as a function where staff deliver new solutions and leverage technology to improve financial performance.
• Foster the creation of a data-driven culture.
• Foster a culture of technology acceptance to drive greater use of automation and accounting software.
• Inspire team to increase financial accuracy and transparency via clear definitions and good standards of operations.
• Oversee talent management plans to develop high-performing finance, accounting, and digital talent that meet organizational and personal goals.
• Assists the CFO with assessing and evaluating the financial performance of the organization, providing insight and recommendations.
• Determines accounting and implications for material business decisions.
• Collaborate with the FP&A leader to ensure overlapping analytics or management reports are aligned and not duplicative.
• Collaborate with Treasury and other finance teams to optimize cash flow, working capital and projections.

Accounting and Reporting

• Responsible for managing the financial close process.
• Develops and implements accounting policies and procedures ensuring IFRS and Statutory compliance.
• Primary interface with the external auditors and internal auditors
• Oversees control design and implementation.
• Reviews and ensures application of appropriate internal controls, and financial procedures.
• Responsible for the maintenance of the organization's general ledger and monthly, quarterly, and annual accounting close processes
• Ensures timeliness and accuracy of financial and management reporting data.
• Reviews and analyzes monthly and quarterly financial results.
• Prepares and presents financial data to the executive leadership team.
• Responsible for providing guidance and working cross-functionally with FP&A and other functions reporting to the CFO to support executive leadership initiatives.

Financial and Cash Management

• Oversees weekly cash management, approves large payables, signs checks, authorizes large wires and ACHs.
• Maintains corporate banking relationships and understands company cash needs.
• Reviews weekly cash flow reports and projections of cash flow
• Assists the CFO/Treasurer with the cash flow planning process to ensure funds availability and the maintenance of required cash balances.

Digitization of Accounting Operations/ Systems Management

• Champion automation, technology, and process improvements to minimize manual effort and increase the speed and accuracy of all accounting processes.
• Collaborates with IT regarding the management, maintenance, and upgrades of the company's accounting and operating system software.

Manages accounting system and software implementation in conjunction with IT to provide critical financial and operational information. Makes suggestions for automating processes and increasing efficiency.

• Partners with IT to identify and implement operating system enhancements.
• Manages the creation of reports and implementation of tools to support the executive leadership team's FP&A initiatives

Position Requirements

Education

Required - Accounting or Finance Bachelor's degree required; or equivalent relevant work experience in insurance industry

Experience

Preferred - CPA

Preferred - 10+ years of accounting experience.

Preferred - Insurance experience (crop insurance experience strongly preferred)

Preferred - 10+ years of total accounting experience

Knowledge, Skills and Abilities

• Advanced knowledge of Statutory Accounting Principles (SAP), US GAAP required (IFRS Standards knowledge preferred)

Excellent written and verbal communication skills
Experience leading and directing the work of other employees with authority for personnel decisions
Strong organizational skills and the ability to work and manage others in a fast-paced environment
Advanced skills in Microsoft Office Applications
Experience with SAP and Blackline preferred
Strong analytical and reasoning skills with an acute attention to detail.

• Ability to develop and manage relationships internally and externally and coordinate the flow of information from staff to executives.

Physical Requirements & Work Conditions

Physical Demands & Requirements

Sedentary work. Exerting up to 10 pounds of force occasionally and/or negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects, including the human body. Sedentary work involves sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.

Hearing. Perceiving the nature of sounds at normal speaking levels with or without correction. Ability to receive detailed information through oral communication, and to make the discriminations in sound.

The employee is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; and extensive reading.

Environmental Conditions

The work environment described here are meant to be representative of those an employee would normally encounter while performing the essential functions of this job.

The physical environment requires the employee to work both inside and outside in heat/cold, wet/humid, and dry/arid conditions.

Travel may be required for trainings and meetings-up to 15%

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