Ceded Reinsurance Operations Analyst
Compensation: $105,090.00 - $169,860.00 /year *
Employment Type: Full-Time
Industry: Financial Services - Insurance
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We are seeking a C e de d Reinsurance Operations A nal ys t for our N e w Y o r k City, N Y 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 Operations staff will provide 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. ?The position will report to the Ceded Operations Contract Manager and the position will be in New York City. ? Re sponsibilities in c lud e : ? Ceded Reinsurance Technical and Operations Support. Review Ceded contract placements and perform set-up of the ceded contract information in the sub-ledger system FSRI. Interpret contract wording; understand ceding hierarchy based upon program structure, layering and inuring programs and other information provided by the Ceded underwriter. Drive analytics to ensure cessions are properly calculating from the Gross to Ceded financials. Use and understand the reinsurance sub-ledger FSRI. Ensure data accuracy, including coordination of reconciliation of the treaty results with accounting team to confirm that the ceded results agree to the terms of the reinsurance agreements for the Global businesses. Liaise with internal and external audit for year end, quarterly reporting, and SOX control reviews. Maintain SOX control documentation including treaty set-up documentation, treaty population completeness controls, and other FSRI entry documentation. Work proactively with both internal team members and the department?s consumers. Test new product implementations and system changes. This includes development of system solutions, UAT, test documentation and monitoring implementation in production. Ad Hoc projects including: onboarding of new business lines, testing system upgrades, data enhancements, and process documentation. ? Desired Skills & Experience: ? College Degree or related equivalent work experience. ? At least 5 years? experience working in Treaty Reinsurance. Reinsurance accounting and/or Reinsurance UW experience preferred . Strong understanding of Ceded Reinsurance and/or Retrocessional covers - including understanding the workings of both Treaty and Facultative reinsurance contacts . Solid understanding of ceded contract wording. Ability to think Independently and work effectively as part of the Ceded Ops team. Self-starter; able to manage and prioritize your workload. Strong understanding of SOX and regulatory compliance. Adaptable and willing to support management objectives as well as ability to think intuitively. Strong computer skills required; especially advanced Excel skills. Working knowledge of F SRI/SAP preferred. Strong analytical acumen and logical thought process required. Communicates clearly and succinctly whether in oral or written form; effectively communicates in a variety of settings - formal and informal; attentive and active listener; straightforward and composed. Candidate must have strong interpersonal skills and be able to work productively with other Ceded Ops team members, Ceded Underwriting, Ceded treaty accounting as well as other Sompo departments globally. Candidate must be flexible; team-oriented and have strong administrative skills that include ability to prioritize and multi-task. ? ? Sompo International offers a competitive compensation and benefits package commensurate with experience. The minimum salary for this position: $75,000. For consideration; please e-mail your resume along with your Minimum Salary Expectations as well as your Minimum Total Compensation Expectations to: ...@sompo-intl.com Sompo International is an equal opportunity employer committed to a diverse workforce. M/F/D/V Visit our website at www.sompo-intl.com
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.
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