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New York, New York Sompo International

Job Summary

We are seeking a Ceded Senior Reinsurance Accountant for our New York City, NY office. Sompo International'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 monitor cash processing in order to achieve department standards and meet service level expectations. The team structure will align to the front-end business functions of Property, Casualty, Assumed Treaty Reinsurance and Specialty. The position will report under Ceded Accounting.

Responsibilities include:

  • Prepare monthly, quarterly, and ad-hoc standardized reports calculating the reinsurance on CAT specific losses
  • Prepare XOL billings for CAT specific programs to be sent to third party brokers and reinsurers
  • Analyze large sets of claims data to create standardized reinsurance reports for management review
  • Assist in the preparation of journal entries for the Ceded Re Property group
  • Prepare payments for various settlements such as deposit premiums and premium adjustments
  • Maintain documentation to support external audit requests and SOX compliance
  • Coordinate with the insurance claims and actuarial departments regularly
  • Meet reporting deadlines for the early financial close and ad-hoc request deadlines
  • Handle additional ceded accounting responsibilities as deemed priority by management

Desired Skills & Experience

  • Bachelor's degree, preferably in Accounting/Finance
  • Minimum of 5 years experience within the Reinsurance industry, finance or accounting preferred
  • Knowledge of various forms of reinsurance, specifically XOL contracts as relates to loss application and calculation
  • Excellent communication skills, expected to communicate with outside departments and external auditors
  • High level of experience with Microsoft Excel (Pivot Tables, vLookups, SUMIFs)
  • Familiarity with various systems and reporting tools such as SAP and IBM Cognos

Sompo International offers a competitive compensation and benefits package commensurate with experience. The minimum salary for this position: $100,000. For consideration; please e-mail your resume along with your Minimum Salary Expectations as well as your Minimum Total Compensation Expectations to:

Sompo International is an equal opportunity employer committed to a diverse workforce. M/F/D/V

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