Ceded Reinsurance Operations Analyst

About the role

The Ceded Reinsurance Operations Analyst is a key member of the Ceded Reinsurance team, responsible for managing ceded contract placements and ensuring accurate financial reporting.

Responsibilities

• Manage ceded contract placements and set up ceded contract information in the sub-ledger system (FSRI)
• Collaborate with the Buying team to ensure accurate coding in FSRI in accordance with contract wording
• Ensure data accuracy, coordinating reconciliation with the accounting team to confirm ceded results align with reinsurance agreement terms
• Conduct analysis and develop solutions for issues raised by ceded accounting and other departments related to ceded system calculations
• Maintain and develop routine controls to ensure accuracy of ceded financials as calculated by the system
• Maintain SOX control documentation, including treaty setup and treaty population completeness controls
• Participate in ad hoc projects, including onboarding new business lines, testing system upgrades, data enhancements, and process documentation

Requirements

• Minimum 5 years of related work experience in reinsurance and reinsurance concepts
• Excellent communication and interpersonal skills, with the ability to work collaboratively across teams and functions
• Highly organized and self-motivated, with a proven ability to prioritize projects and meet deadlines
• Strong analytical acumen and logical problem-solving abilities
• Proficiency in Microsoft Office Suite; experience with underwriting or financial systems, FSRI, or SAP preferred
• Undergraduate degree or equivalent demonstrable industry experience

Qualifications

• Undergraduate degree or equivalent demonstrable industry experience

Skills

• Microsoft Office Suite proficiency
• Experience with underwriting or financial systems, FSRI, or SAP

Benefits

At Sompo, we offer a comprehensive range of benefits including:

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account
• 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
• Tax-Free Commuter Benefit
• Tuition Reimbursement & Professional Qualification benefits

Pay

$75,000 - $130,000

Schedule

Full-time