Howden Group Holdings Ltd

Accounting and Claims Associate

Minneapolis, MN, US

Remote
Full-time
$55k–$65k/year
3 months ago
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Summary

Howden Re is the global reinsurance broker and risk, capital & strategic advisor focused on relentless innovation & superior analytics for top client service. About Role Primary Responsibilities: * Receive initial loss notices, loss status updates and proofs of loss from clients and forward to applicable reinsurers. * Confirm coverage under treaty review contract wording for retention & limit, LAE treatment, loss reporting requirements, loss attachment basis, etc. * Prepare / review loss calculations to ensure accuracy and compliance with contract terms * Process claims transactions in accounting and claims system * Track the status of reinsurer settlements, periodically following for payment as necessary; promptly forward collected funds to client * Attendance at client claims audits as needed * Perform all reinsurance accounting functions for selected client accounts and provide backup coverage for other accounts as needed. * Review new contract wordings for key terms and input into the accounting and claims system * Monitor contractual reporting and payment due dates and request premiums and accounts from clients to ensure timely receipt * Prepare reporting forms and adjustment calculations for client use as needed * Review client accounts and adjustment calculations for accuracy and compliance with contract terms; process accounting transactions in accounting and claims system * Assist Clients with calculation of their Schedule F funding requirements and obtain Letters of Credit from Reinsurers, ensuring that all beneficiary requirements are met, and documents are received prior to company deadline * Promptly forward all funds to payees in a timely manner * Monitor brokerage revenue forecast and update as needed * Monitor approval status of reinsurers and obtain approval of new reinsurers as needed * Assist in the maintenance of reinsurer database Qualifications: * Bachelor's Degree * Proficient with Microsoft Office Products, including Excel * Proven team player * Excellent communication skills * Outstanding organizing abilities * Strong attention to detail * Solid analytical acumen * Understanding of accounting and financial reporting principles and * Legally authorized to work in the US * The expected compensation range for this role is between $55,000 - $65,000 per year.

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