Ceded Re Analyst, Financial Planning & Analysis - Sompo International : Job Details

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.

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Ceded Re Analyst, Financial Planning & Analysis on 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. This global role is a key and highly visible role contributing to the annual multi-year financial planning process and periodic forecasts. This role will have financial responsibility for ensuring accurate and timely achievement of financial reports and collaborating with key stakeholders on opportunities for continuous improvement.

Location: This position will be based out of an office in the NY area including New York City (1221 Avenue of the Americas) or our Garden City office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers. The position reports to our VP, Ceded Reporting, Analytics and Optimization.

• Participation within the coordination of the Company's annual budgeting process and monthly checkpoint analyses toward budgeted targets specifically for the Internal Reinsurance Vehicle
  • Continuous enhancement of forecasting tools deepening trend analysis and profitability metrics
• Working with the Insurance business units to develop meaningful reports to analyse business performance toward stated goals
• Creating quarterly analytical reports for use within the Reinsurance leadership presentations
• Collaborate with internal and external stakeholders by identifying, researching, and resolving discrepancies in financial reports, utilizing internal reporting processes, and implementing solutions to improve efficiency of financial operations
• Preparing and analysing consolidated Reinsurance information for quarterly financial reporting
• Assist with internal and external Audit requirements (e.g. Cash Roll Forwards and Ceded Analytic)
• Performing ad hoc project work (e.g. M Files and retrocession analysis)

• Bachelor's degree with major in quantitative field (e.g. Accounting, Economics, Finance, Mathematics)
• 1-3 years of relevant financial experience; experience in the Reinsurance industry strongly preferred; Financial Planning & Analysis, data analysis, and financial reporting experience preferred
• Advanced working knowledge of:
  • Economic & accounting principles and practices, the financial markets, and banking
  • Insurance products and concepts relating to the industry
  • Financial reporting, financial analysis and financial modeling
  • Microsoft Office Suite and budgeting software; Anaplan strongly preferred
• Manage qualitative data to be accurate, timely and accessible as well as possess high degree of financial acumen and awareness of financial responsibility
• Communicate written and verbal information in a clear, well-organized, and professional manner with ability to build and establish constructive and cooperative working relationships
• Strong computer skills required, especially in Excel

$75,000 – $110,000. 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

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.