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Sompo · 1 week ago

Sr. Ceded Reinsurance Accountant

New York, NY

Full-time

Onsite

Mid, Senior Level

$95K/yr - $135K/yr

5+ years exp

Sompo is a globalized customer-focused organization seeking a Senior Ceded Re Accountant for their Ceded Reinsurance team. The role involves managing Ceded Reinsurance placements, producing financial statements, and overseeing cash processing and collections while ensuring compliance with contract terms.

Health InsuranceInsuranceRisk Management

H1B Sponsor Likely

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

Assist 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

Preparation and approval of 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

Monitor cedent deliverables to ensure alignment with contract terms, i.e., premium adjustments, timelines for statements of account and bordereaux, etc

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

Qualification

Reinsurance experienceMicrosoft ExcelAccounting/Finance degreeSAP FSRIData analysisCommunication skillsDetail orientedTeam player

Required

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)

A team player who exhibits excellent verbal and written communication skills to be utilized in collaborating with internal and external customers

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 / BOBj

Benefits

Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution

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

Employee Assistance Program

Tax-Free Commuter Benefit

Tuition Reimbursement & Professional Qualification benefits

Company

Sompo

We’re Sompo, a global provider of property, casualty, and specialty insurance and reinsurance.

Founded in 1999

Hamilton, Hamilton, BMU

5001-10000 employees

https://www.sompo-intl.com/

H1B Sponsorship

Sompo has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (12)

2024 (13)

2023 (19)

2022 (28)

2021 (5)

2020 (12)