Ceded Reinsurance Operations Analyst

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 Are you looking for your next opportunity? Sompo has a unique opportunity for a Ceded Reinsurance Operations Analyst in our Ceded Reinsurance team. Sompo's Ceded Reinsurance team is a globalized customer focused, dedicated and professional organization. The team is responsible for the purchasing and management of Ceded Reinsurance placements. As a Ceded Reinsurance Operations Analyst, you will provide operations process support and analysis with a focus on ceded contracts. Location: This position will be based out of our New York, NY or Morristown, NJ 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: Manage ceded contract placements and set up ceded contract information in the sub-ledger system (FSRI) Collaborate with the Buying team to ensure accurate coding in FSRI in accordance with contract wording Ensure data accuracy, coordinating reconciliation with the accounting team to confirm ceded results align with reinsurance agreement terms for global businesses Conduct analysis and develop solutions for issues raised by ceded accounting and other departments related to ceded system calculations Maintain and develop routine controls to ensure accuracy of ceded financials as calculated by the system Maintain SOX control documentation, including treaty setup and treaty population completeness controls Participate in ad hoc projects, including onboarding new business lines, testing system upgrades, data enhancements, and process documentation What you'll bring: Minimum 5 years of related work experience in reinsurance and reinsurance concepts Excellent communication and interpersonal skills, with the ability to work collaboratively across teams and functions Highly organized and self-motivated, with a proven ability to prioritize projects and meet deadlines Strong analytical acumen and logical problem-solving abilities Proficiency in Microsoft Office Suite; experience with underwriting or financial systems, FSRI, or SAP preferred Undergraduate degree or equivalent demonstrable industry experience Salary Range: $75,000 - $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, 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.

Created: 2024-11-05