Ceded Re Accounting Intern

Sompo; New York (NY); On-site; USD 28,000 - 30,000; Full time

Job summary

Sompo invites applications for a Summer 2027 Ceded Reinsurance Accounting Intern in our Ceded Re team in New York City. The 10-week program provides hands-on accounting experience within the global ceded reinsurance function.

Interns work on data processing, statements, and analyses, with exposure to project work and leadership learning opportunities. This role emphasizes collaboration, learning, and potential long-term opportunities within Insurance/Reinsurance.

Qualifications

• Currently enrolled in a bachelor’s degree program in Business, Accounting, Economics, or related majors.
• Excellent verbal and written communication skills.
• Strong analytical and quantitative and interpersonal skills.
• Interest in Accounting and niche Reinsurance concepts.
• Ability to work in a fast-paced team environment with collaboration.
• Proficiency using Microsoft Office applications.

Responsibilities

• Gain a solid understanding of the company's ceded reinsurance accounting practices.
• Contribute to the Ceded Reinsurance Accounting team and add value.
• Assist with processing and preparing account statements and data analysis.
• Review contract set-up in reinsurance systems.
• Liaise with Underwriting and Ceded Reinsurance Operations on data and projects.
• Assist the team with special projects.

Skills

Verbal communication

Written communication

Analytical skills

Interpersonal skills

Team collaboration

Excel

Education

Bachelor's degree in Business, Accounting, Economics, or related majors

Tools

Microsoft Office

Job description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Summer 2027 Ceded Reinsurance Accounting Intern in our Ceded Re team.

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

The Internship Program is a 10-week development initiative designed to provide professional growth with potential long‑term opportunities for successful individuals interested in the Insurance/Reinsurance industry.

What can I expect as an Intern?

Gain valuable niche accounting foundational experience. Ceded Re Accounting provides support to the Global Ceded Reinsurance Team through the processing, recording, and reporting of reinsurance ceded premiums and loss recoverables, in a timely and accurate manner. Ceded Re Accounting ensures data is captured within reinsurance systems and collaborates with other departments within the company to ensure the quality, accuracy and timeliness of processing, financials, and statements.

Sompo Interns are immersed in the day‑to‑day activities of their team, assisting the Ceded Re team with data, systems and projects within the flow of the Ceded Re accounting process.

Activities, Learning and Development

Throughout the program, Interns will have the opportunity to hear from executive leaders, participate in structured, engaging leadership learnings, participate in networking events and activities with peers, members of our Executive team and outside brokerage firms, and be part of a project to present to their manager and mentor.

What you'll be doing:

• Gain a solid understanding of the company's ceded reinsurance accounting practices
• Contribute and add value to the Ceded Reinsurance Accounting team
• Assist with processing and preparing account statements, as well as analyzing data and statistics
• Review contract set‑up in reinsurance systems
• Liaise with the Underwriting/Ceded Reinsurance Operations team regarding data, systems, and projects within the flow of the reinsurance accounting process, for specific assigned Ceded treaties
• Assist the team with special projects

What You'll Bring

• Currently enrolled in a bachelor's degree program studying Business, Accounting, Economics, or related majors
• Excellent verbal and written communication skills
• Strong analytical and quantitative and interpersonal skills
• Interest in Accounting related field, however, also interested in learning niche Reinsurance contract and language skills
• Ability to work in a fast‑paced team environment with rapidly changing priorities and demands. The ability to collaborate is an absolute must.
• Strong proficiency using Microsoft Office (Excel, Word, PowerPoint)
• Eligible candidates must be at least 18 years old and authorized to work in the United States without restriction
• Prefer accounting related experience/interests
• Prefer a rising senior
• Prefer local applicants who can contribute/work part time in the office post the completion of the summer intern program

Salary Range: $20-22. 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.

Our Business, Your Impact, Our Opportunity

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