Ceded Reinsurance Operations Analyst
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. This position will be based out of our New York City 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.
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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
