Ceded Reinsurance Associate

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Ceded Reinsurance Associate in our Ceded Placement team.

Our Ceded Reinsurance team manages the reinsurance purchases of its insurance and reinsurance portfolios through both internal reinsurance vehicles and through external reinsurance markets. We work with a network of stakeholders both within and outside of the Sompo community.

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

Our business, your impact, our opportunity:

What you’ll be doing:

• Support the Ceded Buying and Analytics team with reinsurance placement activities, including internal meetings, market-facing functions, renewal preparation, and stakeholder presentations.
• Collect, validate, compile, and analyze data for ceded reinsurance and management presentations.
• Assist the Finance and Operations Ceded Team with administration, including SCRAPs entry and account process
• Partner with Actuarial, Underwriting, Claims, and Risk Management to understand interaction and impact with Ceded Re
• Pursue a professional reinsurance designation to build technical knowledge of reinsurance structures and industry standards.

What you’ll bring:

• 2+ years of Insurance/Reinsurance experience preferred
• Bachelor’s degree with major in business or quantitative field (e.g. Accounting, Economics, Finance, Mathematics)
• Manage qualitative data to be accurate, timely and accessible as well as possess high degree of financial acumen and awareness of financial responsibility
• Communicate written and verbal information in a clear, well-organized, and professional manner with ability to build and establish constructive and cooperative working relationships
• Strong computer skills required, especially in Excel

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.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents.  Below is a summary of our current comprehensive Bermuda benefit programs:

• Comprehensive health plan offering Medical and prescription coverage
• Dental benefits including orthodontia benefits for adults and children
• Vision benefits
• Company-paid Life & AD&D benefits
• Company-paid Disability benefits with very competitive salary continuation payments
• Defined Benefit Pension Plan with competitive employer contributions
• Competitive paid-time-off programs, including company-paid holidays
• Competitive Parental Leave Benefits & Adoption Assistance program
• Employee Assistance Program
• Monthly Parking Reimbursement Allowance
• Tuition Reimbursement & Professional Qualification benefits

Who we are and what we stand for:

At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide. Life at Sompo page

Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.