Accounting and Claims Associate
HowdenEdina, Minnesota
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Overview
Schedule
Full-time
Career level
Senior-level
Remote
On-site
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:
- 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 $65,000 per year.
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FAQs About Accounting and Claims Associate Jobs at Howden
What is the work location for this position at Howden?
This job at Howden is located in Edina, Minnesota, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Howden?
Employer has not shared pay details for this role.
What employment applies to this position at Howden?
Howden lists this role as a Full-time position.
What experience level is required for this role at Howden?
Howden is looking for a candidate with "Senior-level" experience level.
What is the process to apply for this position at Howden?
You can apply for this role at Howden either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.