Assumed Reinsurance Accountant

About the role

Sompo has a unique opportunity for an Assumed Reinsurance Accountant in our Assumed Reinsurance team. This team works within the Reinsurance Operations team and the position reports to the Assistant Vice President, Assumed Reinsurance Accounting. Location: This position will be based out of our New York office locations.

Responsibilities

• Analyze, identify and maintain accurate treaty accounts. This includes handling Contingent Commissions, Sliding Scale Commissions, Retrospective Rate Adjustments and Premium Adjustments and processing accounts, ensuring data captured is accurate and within agreed timeframes.
• Aid in managing treaties which include processing and preparing accounts as well as analyzing statistics.
• Ensure data quality/contract setup in reinsurance systems.
• Develop strong relationships with the Brokers and underwriting community to facilitate timely and accurate processing of account.
• Collaborate with our cash department regarding overdue balances to reduce Accounts Receivables.
• Provide back-up support for accounts processed and interact with claims department to ensure that claims in reference to specific brokers are processed.
• Prepare missing account listing to notify brokers on overdue accounts not received on a timely basis.
• Liaise with cash analysts, underwriting depts., claims dept., brokers and clients to resolve queries.
• Aid in managing receivables and suspense amounts.
• Aid in various project as deemed appropriate by management.

Requirements

• Bachelor’s degree in Accounting, Finance or Business related field.
• Industry designations a plus (i.e. ARe, AINS).
• 1 to 3+ years of reinsurance accounting with knowledge of reinsurance principles ideal.
• Business line knowledge useful along with knowledge or experience in an industry role such as claims.
• Ability to learn and adapt in a dynamic environment.
• Strong verbal and written communication skills, Ability and confidence to challenge existing procedures & use of system.
• Detailed oriented and strong problem solver with analytical abilities.
• Demonstrated positive attitude and works well within a Team environment.
• Strong computer skills – knowledge of Microsoft Excel Pivot Tables, V-Lookups, and MS PowerPoint preferred.

Qualifications

• Strong customer service orientation.

Skills

• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Proficiency in Microsoft Office Suite.

Benefits

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.

Pay

Salary Range: $75,000 – $120,000. 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.

Schedule

N/A