Sr Ceded Reinsurance Accountant

About the role

The Senior Ceded Re Accountant is dedicated to supporting the Assumed Internal Reinsurance Vehicle business function within the Ceded Reinsurance Operations and Accounting Organization. Reporting to the AVP, Ceded Re Accounting Manager, this position is based in the New York City office.

Responsibilities

• 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.
• Aid in overseeing the intercompany accounting close processes and reconciliations to ensure intercompany reconciliation breaks are researched and addressed in a timely manner.
• Analyze large sets of data to create reinsurance reports for management review.
• Prepare and approve journal entries and payments for various treaty and XOL claims settlements.
• Coordinate reporting and financials postings with the Corporate Controller, Actuarial, and Ceded Reinsurance Teams.
• 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.

Requirements

• Bachelor’s degree, preferably in Accounting/Finance, or equivalent combination of education and work experience.
• Minimum of 5 years’ experience within the Reinsurance industry, finance or accounting preferred.
• Advanced proficiency with Microsoft Excel (Pivot Tables, vLookups, SUMIFs).
• Team player with excellent verbal and written communication skills.
• Detail oriented, organized, and proficient at solving complex issues with a high level of accuracy.
• Ability to work in a fast-paced, high-volume team environment with rapidly changing priorities and demands.
• Familiarity with various systems and reporting tools such as SAP FSRI, SAP FSCD, SAP GL, and SAP BW / BOB.

Qualifications

• Must have a valid driver’s license and reliable transportation.
• Must be able to lift up to 25 pounds.

Skills

• Strong analytical and problem-solving skills.
• Excellent organizational and time management skills.
• Ability to prioritize tasks and manage multiple deadlines.
• Experience with SAP systems.

Benefits

At Sompo, we offer a comprehensive range of benefits designed to support your health, financial security, and well-being. These include:

• Two medical plans to choose from, including a Traditional PPO and 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

$95,000 – $135,000

Schedule

Full-time