Accounting and Claims Associate

Howden Re is the global reinsurance broker and risk, capital & strategic advisor focused on relentless innovation & superior analytics for top client service. ​ ​

About Role

• →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

• 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 $65,000 per year.