Ceded Reinsurance Technician

As a leading provider of insurance and reinsurance with worldwide operations, we recognise that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.

Sompo has a unique opportunity for a Ceded Reinsurance Technician in our UK & Europe Ceded Reinsurance Operations Department. The Team covers all aspects of the ceded operational function for Sompo, for UK and European Branches. We support the business by working with internal stakeholders such as Claims & Underwriting as well as external partners such as Brokers & Reinsurers.

Location: This position will be based out of our London office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

What you’ll be doing:

• Account preparation and analysis for all ceded types.
• Assist with the cash entry and application process for all ceded types.
• Assist with the calculation and booking of premiums and claims recoveries for XOL, facultative and quota share covers within core systems.
• Prepare and maintain proportional treaty statement aging schedules for internal reporting and tracking of overdue accounts.
• Liaise with cash analysts, underwriting departments, Claims department, brokers and clients to resolve queries.
• Ensure high quality data and contract set up within the reinsurance systems.
• Assist with the ceded Aged Debt and Unallocated Cash Analysis.
• Utilisation of technology to maximise efficiency of the ceded reinsurance department.

What you’ll bring:

• Ability to learn and adapt in a dynamic environment.
• General knowledge of insurance and reinsurance principles.
• Business line knowledge useful.
• London market company experience preferred.
• Strong verbal and written communication skills.
• Ability and confidence to challenge existing procedures & use of system.
• Detail 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 SAP.

Our Benefits

We continuously evaluate and update our benefit programs to ensure that our plans meet the needs of our employees and their dependents. Below are a few highlights of our inclusive benefit programs:

• Expansive Health & Wellness Benefits
• Generous Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance

We strive to create exceptional value for our clients and shareholders while maintaining Sompo as an attractive place to work. We foster an environment of ongoing, open dialogue between managers and their direct reports, and believe in an organizational environment where everyone belongs. We proudly are a multi-racial, multi-cultural, global enterprise. We reject all forms of racism, bigotry, prejudice and injustice and continue to invest in building out an inclusive and diverse work environment.

Our values

As we continue to evolve and grow, our core values serve as the foundation for our company’s identity, purpose and culture:

• Accountability: Raising the bar on what we deliver
• Agility: Keeping it simple as we grow
• Collaboration: Building relationships with clients and colleagues
• Development: Being curious and having a growth mindset
• Integrity: Being trustworthy and doing what’s right

Around the world, our 9,500+ employees use their expertise to learn, improve and find clear answers for your complex challenges. Because when you choose Sompo, you choose the ease of expertise.

Sompo is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.