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About the Role
Sompo has a unique opportunity for an Assumed Reinsurance Technician in our ARA team, which works within the Reinsurance Operations team and deals mainly with inwards Proportional business.
Responsibilities
- Undertake Technical Accounting analysis and processing for Inward Proportional & some aspects of Non-Proportional treaties
- Review & check accuracy of closings/documents of rendered accounts, cash calls, premium and loss reserve deposits; event claims management and tracking
- Process tasks/accounts accurately in an efficient manner by month end deadlines
- Collaborate with Claims Department on Inward Proportional treaty claims (inc event tracking)
- Demonstrate high level of attention to detail by producing exceptional quality and accurate technical data, when processing the technical accounts onto the Underwriting system –updating the system with accounting and payment information within agreed timeframes
- Timely investigation and resolution of challenging accounts is expected
- Collaborate with Internal and external clients to resolve any queries or technical issues
- Ensure overdue/late accounts are followed up and escalated to management
- Produce & analyze Weekly, Monthly & Quarterly reports as part of the close process
- Ad hoc tasks
Requirements
- Strong technical skills and ability to prioritize workload to meet deadlines
- Understanding of general insurance and reinsurance principles is essential
- Understanding of clean cut accounts (portfolio in and out) is essential
- Understanding & review profit commission/sliding scale calculations is essential
- Experience in a similar processing role within the Inward reinsurance market
- Understanding of Proportional Treaty claim handling and event claims is desirable
- Good understanding of Bureau systems and procedures is desirable
- Knowledge of Property, Casualty, and Marine business classes desirable but not essential
- Understanding of Genius and SAP Accounting system is desirable but not essential
- Knowledge of Imageright is desirable but not essential
- Excel skills at intermediate Level is essential (Pivot tables & Vlookup formula)
Skills
- Excel skills at intermediate Level
- Pivot tables
- Vlookup formula
Location
- London
Work Type
- Onsite
Experience Level
- Similar processing role within the Inward reinsurance market
Benefits
- Health & Wellness Benefits
- Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
- Employee Assistance Program
- Tuition Reimbursement & Professional Qualification benefits
About the Company
- 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.
Equal Opportunity
- 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.
- 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.