Ceded Re Facultative Reinsurance Intern

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

Job summary

Sompo International invites applications for a Summer 2027 Ceded Re Fac Reins Intern in the Ceded Re team based in New York City. The 10-week program offers hands-on experience in accounting, data processing, and reporting for reinsurance ceded premiums and losses.

Interns will engage in day-to-day activities, participate in leadership sessions, and present a project to a manager and mentor. Ideal candidates are enrolled in a related bachelor’s program and enjoy teamwork, data analysis, and

Qualifications

• Enrolled in a bachelor’s degree program (Business, Accounting, Economics or related majors).
• Excellent verbal and written communication skills are required.
• Strong analytical, quantitative and interpersonal abilities expected.
• Interest in Accounting and niche Reinsurance concepts encouraged.
• Ability to work in a fast-paced team with changing priorities and strong collaboration.
• Proficiency with Microsoft Office (Excel, Word, PowerPoint).
• Must meet eligibility to work in the United States and be at least 18 years old.

Responsibilities

• Assist Ceded Reinsurance Accounting with data processing and entry into FSRI systems.
• Support the team with data, systems and project work in the ceded reinsurance accounting process.
• Contribute to accuracy and timeliness of financial statements and reports.
• Participate in learning activities, leadership sessions and networking events.
• Collaborate with underwriting and operations teams on data and project needs.
• Assist with special projects as assigned by the team.

Skills

Verbal communication

Written communication

Analytical skills

Quantitative skills

Interpersonal skills

Education

Bachelor’s degree in Business/Accounting/Economics or related

Tools

Microsoft Office

Excel

Word

PowerPoint

Job description

Job Description

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

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.

Our business, your impact, our opportunity:

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 entering Facultative Certificates into FSRI, as well as analyzing data and statistics


• Review Facultative 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 Facultative 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.

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.