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 Analyst 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. The Ceded Accounting staff will provide accurate and timely production of financial statements, production reports, client receivables/payables and be actively involved in cash processing, collection and disbursement as well as any ad-hoc project requests. Additionally, be able to identify and research issues arising from processes and producing/communicating results in an accurate and timely manner, in order to achieve department standards and meet service level expectations.
Location: This position will be based out of our
New York City (1221 Avenue of the Americas) office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers. The Ceded Reinsurance Analyst position will manage and analyze all supporting data relating to one of Sompo's largest Ceded Reinsurance contracts, covering 90% of all direct business Sompo places. This role will participate in the administration of this contract (both internally and externally), focusing on large data-set aggregation, manipulation, and analysis. The Analyst is the subject matter expert for the data architecture set-up regarding this contract; and is responsible for leading the team on process effectiveness and developing enhancements in-line with Sompo International's commitment to automation. This role will also act a liaison with other Ceded Reinsurance functions (Operations, Cash, Solutions). The ideal candidate is comfortable with managing data across multiple sources, and will bring an innovative, creative, proactive, and growth mindset to this role.
What You'll Do: - Responsible for compiling and aggregating premium, loss, and other contract datasets to ensure accuracy and timeliness for the generation of the quarterly account statement
- Working with the Accounting Manager, and the Solutions Lead, provide all required final datasets needed for the effective execution and administration of the contract
- Leverage all available methodologies to complete all analytical work required, and provide a first-look work-up of the same
- Understand all business requirements with cash and A/R management; and drive the development of needed enhancements
- Ad Hoc tasks
What you'll bring: - 3-4 years experience, with a proven record of large dataset management and analysis (including but not limited to MS Excel, SQL, Access Database)
- Bachelor's Degree or equivalent combination of education and work experience with an interest in both accounting as well as data/systems
- Minimum of 2 years' experience within the Insurance or Reinsurance industry
- Must have a desire and ability to stay abreast of available technological functionality and use data to inform decisions
- Excellent verbal and written communication skills, with an emphasis on cross-function development
- Ability to act quickly and efficiently with high degree of professionalism in a fast-paced environment
- Strong business acumen, high integrity, and a strong desire to succeed
Salary Range: $65,000 - $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.