Assumed Reinsurance Accountant

Sompo International • Garden City, NY

9d • $75,000 - $120,000 • Onsite

About The Position

Sompo has a unique opportunity for an Assumed Reinsurance Accountant in our Assumed Reinsurance team. This team works within the Reinsurance Operations team and the position reports to the Assistant Vice President, Assumed Reinsurance Accounting. This position will be based out of our New York office locations. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Requirements

• Bachelor’s degree in Accounting, Finance or Business related field.
• 1 to 3+ years of reinsurance accounting with knowledge of reinsurance principles ideal.
• Ability to learn and adapt in a dynamic environment
• Strong verbal and written communication skills,
• Ability and confidence to challenge existing procedures & use of system
• Detailed oriented and strong problem solver with analytical abilities,
• Demonstrated positive attitude and works well within a Team environment
• Strong computer skills – knowledge of Microsoft Excel Pivot Tables, V-Lookups, and MS PowerPoint preferred
• Demonstrated customer service orientation

Nice To Haves

• Industry designations a plus (i.e. ARe, AINS)
• Business line knowledge useful along with knowledge or experience in an industry role such as claims

Responsibilities

• Analyze, identify and maintain accurate treaty accounts. This includes handling Contingent Commissions, Sliding Scale Commissions, Retrospective Rate Adjustments and Premium Adjustments and processing accounts, ensuring data captured is accurate an within agreed timeframes.
• Assist with managing treaties which include processing and preparing accounts as well as analyzing statistics.
• Ensure data quality/contract setup in reinsurance systems.
• Develop strong relationships with the Brokers and underwriting community to facilitate timely and accurate processing of account.
• Collaborate with our cash department regarding overdue balances to reduce Accounts Receivables
• Provide back-up support for accounts processed and interact with claims department to ensure that claims in reference to specific brokers are processed.
• Prepare missing account listing to notify brokers on overdue accounts not received on a timely basis.
• Liaise with cash analysts, underwriting depts., claims dept., brokers and clients to resolve queries.
• Assist in managing receivables and suspense amounts.
• Assist in various project as deemed appropriate by management.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level