Ceded Re Cash Accounting Trainee

Job Description

Are you looking for your next opportunity? Sompo has a unique opportunity for a Ceded Reinsurance Cash Accounting Trainee on our Ceded Reinsurance team. Our Trainee Program is an 18-to-24-month program beginning in late Spring/early Summer 2027 designed to equip you with the essential business and technical skills needed to build a successful career in the (re)insurance industry. As a Ceded Re Accounting Trainee, you will work alongside the most experienced Ceded Re accountants in the industry to gain in-depth knowledge of our business through on-the-job learning and workplace mentoring. Our Ceded Reinsurance team is a globalized customer focused, dedicated and professional organization. The team is responsible for the purchasing and management of Ceded Reinsurance placements. The Ceded Accounting staff will provide accurate and timely production of financial statements, production reports, client receivables/payables and be actively involved in cash processing, collection and disbursement as well as any ad-hoc project requests. The position will report to a Ceded Reinsurance Accounting Manager. Location: This position will be based out of our New York City office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers. What can I expect as an Underwriting Trainee? On-The-Job Learning Ceded Reinsurance accounting requires a high degree of experience and expertise – something you can’t learn in the classroom. Sompo Trainees are immersed in the day-to-day activities of their team. Whether it is learning technical accounting, developing an understanding of reinsurance programs and contractual terms included in reinsurance contracts or by handling account analysis or even by active learning through various team meetings. The goal would be for you to develop and demonstrate the skills to progress in your ‘technical accounting’ career. Activities, Learning and Development Directed Self-Study Professional designation courses give new Trainee professionals technical knowledge of insurance operations and industry practices. Sompo supports our employees pursuing continuing education opportunities by covering the cost for fees and textbooks, offering time off work to take exams and providing additional compensation for successful completion of many Designations. Career Development Support At Sompo, we are committed to developing our people. We encourage employees to strengthen their skills and expand their understanding of the business. What will I need to be a Trainee? Qualifications, Skills and Experience Sompo employees are some of the best and brightest in the industry. When recruiting the next generation of Sompo employees, we consider graduating Seniors, and recent college graduates with previous internship experience working in the (re)insurance as well as financial services industries. Additional requirements include: • Bachelor’s degree with Graduation date between May 2025 and May 2026 • Genuine interest in developing a career in the (re)insurance industry with interest in accounting, economics, finance and mathematics. Prefer some industry experience from previous internships. • Ability to articulate ideas clearly through written and verbal communication • Solution-oriented mindset and data analytical, quantitative skills • Ability to work independently as well as collaborate with others • Adaptability to new challenges and ability to thrive in a fast-paced environment • Demonstrates integrity, accountability and reliability in fulfilling roles and responsibilities • Detail-oriented, organized, and tech-savvy (Microsoft Excel, Word, PowerPoint) • Local to the desired office location • Eligible candidates must be at least 18 years old and authorized to work in the United States without restriction Salary Range: $70,000 – $77,500 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience. 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. 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 U.S. benefit programs:  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 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.