Ceded Reinsurance Accountant

Ceded Reinsurance Accountant

Sompo has a unique opportunity for a Ceded Reinsurance Accountant 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 results in an accurate and timely manner, in order to achieve department standards and meet service level expectations.

The position is dedicated to supporting the Assumed Internal Reinsurance Vehicle business function and the position will report through the Ceded Reinsurance Operations and Accounting Organization. The position will report to the AVP, Ceded Re Accounting Manager.

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.

Our business, your impact, our opportunity :

What you'll be doing :

• Prepare monthly, quarterly, and ad-hoc reports in support of the financial close.
• Review assumed statements of accounts, bordereaux, and XOL claims for alignment with contract terms.
• Analyze large sets of data to create reinsurance reports for management review.
• Preparation of journal entries and payments for various treaty and XOL claims settlements.
• Monitor cedent deliverables to ensure alignment with contract terms, i.e., premium adjustments, timelines for statements of account and bordereaux, etc.
• Maintain documentation to support internal and external audit requests and SOX compliance.
• Participate in critical assumed reinsurance implementations projects.
• Handle additional assumed accounting responsibilities as deemed priority by management.

What you'll bring :

Salary Range : $90,000 $125,000 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.

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. To learn more about life at Sompo, click here.

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.