Accounting And Claims Intern
Howden Group Holdings LtdEdina, MN
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Job Description
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:
- Work with the team to perform all reinsurance accounting functions for selected client accounts and provide backup coverage for other accounts as needed.
- Work with the team to 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
- Attendance at client claims audits as needed
- Work with the team to review new contract wordings for key terms and input into the accounting and claims system
- Prepare reporting forms and adjustment calculations for client use as needed
- Promptly forward all funds to payees in a timely manner
- Monitor brokerage revenue forecast and update as needed
- Assist in the maintenance of reinsurer database
- Obtain new company banking instructions and assist in the creation of wire templates using bank software
- Other tasks as assigned
Qualifications:
- Rising Junior/Senior in college on track to receive a Bachelor's degree
- Reinsurance/Insurance experience and/or coursework a plus
- Proficient with Microsoft Office Products, including Excel
- Proven team player
- Excellent communication skills
- Outstanding organizing abilities
- Strong attention to detail
- Solid analytical acumen
- Coursework and/or experience in accounting and financial reporting principles a plus
- Legally authorized to work in the US
The expected compensation range for this role is $20-$24/hour.
This is an in-person opportunity located in Edina, MN running from June - August 2025.