Accounting and Claims Intern

Howden Group Holdings; Edina (MO); On-site; USD 23,000 - 32,000; Full time

Job summary

Howden Re, a global reinsurance broker, invites you to join our North America team in Edina, MN for an Accounting and Claims internship. You will assist with reinsurance accounting functions, review loss notices, and help move claims from notice to settlement while supporting client-facing work.

You'll gain exposure to treaty coverage, LAE treatment, and settlement tracking, while developing Excel-driven analyses and professional communication in a deadline-driven environment.

Qualifications

• Actively pursuing a Bachelor's degree.
• GPA 3.0+ required or higher.
• Proficient in Excel, Word and PowerPoint.
• Clear written and verbal communication; able to multitask.

Responsibilities

• Assist with reinsurance accounting functions for selected client accounts.
• Receive loss notices, loss status updates and proofs of loss; forward to reinsurers.
• Review treaty coverage and contract wording for retention, limits, and LAE.
• Prepare/review loss calculations for accuracy and contract terms.
• Process claims transactions in accounting and claims systems.
• Track status of reinsurer settlements.

Skills

Excel

Word

PowerPoint

Attention to detail

Education

Bachelor's degree

GPA 3.0+

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

Internship: Accounting and Claims

Location: Edina, MN

Compensation: $20/hr + overtime

Deadline to apply: Friday 16th October

Introduction

Working with our reinsurance team in North America you'll learn more about reinsurance broking, risk mitigation solutions, claims decision making and support our teams, doing real work for Howden Re's current and prospective clients.

What you'll be doing

Reinsurance is a complex world; the easiest way to think about it is that it's insurance for the insurers. Working with our teams, you'll help insurance companies protect their futures, and the people they insure.

You’ll be working with our clients who have suffered a loss, and you’ll work with the reinsurers to see the claim through to a conclusion, all the way through to our clients receiving funds.

On a day-to-day basis you'll:

• 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

Who we're looking for

You’ll be working towards a Bachelor's degree in any subject, ideally with a focus on accounting. You'll be able to clearly communicate your thoughts and ideas both in writing and in person. And be able to handle multiple tasks and projects at the same time in a client service, deadline-driven environment.

You will:

• Actively pursuing a Bachelor's degree
• Have a GPA of 3.0+
• Be proficient in Excel, Word, and PowerPoint
• Pay close attention to detail, because every small detail matters
• Legally authorized to work in the US

Different perspectives make us better

At Howden, we're committed to fair opportunity, inclusive teams and a culture where everyone belongs. We value people of all backgrounds, identities and experiences. We make sure everyone has the chance to succeed. If you bring who you really are, we'll help you to go further.

We believe in equal opportunities for all employees, regardless of race, religion, gender, age, sexual orientation or disability. And as a Disability Confident employer, we're committed to removing barriers and supporting you to do your best work. If you need any adjustments during the application process or in the role, just let us know. We're here to help.

EEO Statement

We consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and
business partners with equality, fairness, and respect. Howden North America provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. Howden North America will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.