Ceded Reinsurance Operations Analyst

Endurance Services Limited•New York City, NY

76d•Hybrid

About The Position

Sompo has a unique opportunity for a Ceded Reinsurance Operations Analyst in our Ceded Reinsurance team. Our 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. The Ceded Operations team provides operations process support and analysis and align to a structure within the Ceded Purchasing team supporting the front-end business functions of Property, Casualty, Assumed Treaty Reinsurance and Specialty.

Requirements

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

Responsibilities

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

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