Accounting and Claims Associate

3410US00 TigerRisk Partners LLC; Edina (MN); On-site; USD 59,000 - 72,000; Full time

Job summary

Howden Re is looking for a detail-oriented claims/accounting professional to manage loss notices, proofs of loss, and treaty coverage reviews. You will prepare loss calculations, process transactions in accounting systems, and track reinsurer settlements for timely client funding.

Responsibilities include monitoring deadlines, attending client audits, and supporting Schedule F funding calculations with Letters of Credit. Strong MS Office skills and a Bachelor’s degree are required.

Qualifications

• Bachelor’s degree required.
• Proficient with Microsoft Office products, including Excel.
• Excellent communication and analytical skills.

Responsibilities

• Receive loss notices, status updates, and proofs of loss from clients and forward to reinsurers.
• Confirm coverage under treaty wording and calculate loss reporting requirements.
• Prepare/review loss calculations to ensure accuracy with contract terms.
• Process claims transactions in accounting and claims system.
• Track reinsurer settlements and forward funds to clients promptly.
• Attend client claims audits as needed and support accounting functions.
• Review new contract wordings and input terms into systems.
• Monitor reporting deadlines and request premiums from clients.
• Prepare reporting forms and adjustments for client use.
• Assist in calculating Schedule F funding and obtain Letters of Credit.
• Monitor brokerage revenue forecast and approvals for reinsurers.

Skills

Excellent communication skills

Strong attention to detail

Solid analytical acumen

Team player

Outstanding organizing abilities

Understanding of accounting and loan/财

Education

Bachelor’s Degree

Tools

Excel

Microsoft Office

Job description

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

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
• Legally authorized to work in the US

Howden began in 1994, as just three people and a dog. Now there are 23,000 of us, and we're a leading global insurance group, managing $37bn of premiums for our clients. Our largest shareholder group is us – the people who work in the business – supported by three long-term, minority growth-equity partners who share our vision to build a business to last, one that will never be sold. The owner's mindset is something that's embedded in our culture; our people readily take ownership of their decisions, their actions, and their outputs. They’re invested in every sense. And we all know that by working together to drive the business forward, everyone will benefit from the extraordinary results we can achieve.

The expected compensation range for this role is $65,000 per year.