Ceded Reinsurance Associate

About the role

Sompo's Ceded Reinsurance team manages the reinsurance purchases of its insurance and reinsurance portfolios through internal reinsurance vehicles and external markets, working with a network of stakeholders inside and outside the Sompo community. The Ceded Reinsurance Associate joins the Ceded Buying and Analytics team and works from the Bermuda office.

Key responsibilities

• 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 analyse data for ceded reinsurance and management presentations.
• Assist the Finance and Operations Ceded Team with administration, including SCRAPs entry and account processes.
• Partner with Actuarial, Underwriting, Claims and Risk Management to understand their interactions and impact with Ceded.
• Pursue a professional reinsurance designation to build technical knowledge of reinsurance structures and industry standards.

Required profile

• 2+ years of insurance/reinsurance experience preferred.
• Bachelor's degree in a business or quantitative field such as accounting, economics, finance or mathematics.
• Ability to manage qualitative data accurately, on time and accessibly, with strong financial acumen.
• Clear written and verbal communication and the ability to build constructive working relationships.

Required skills

• Strong computer skills, especially in Excel.
• Interest in pursuing a professional reinsurance designation.

What we offer

• Pay-for-performance compensation: base salary plus incentives adjusted for company performance, then individual performance.
• Health, dental and vision benefits, and company-paid life, disability and pension benefits.
• Tuition reimbursement and professional qualification benefits.
• Parental leave, adoption assistance and employee assistance program.
• Company-paid holidays, paid time off and monthly parking allowance.