Accounting and Claims Intern

Howden; Edina (MN); On-site; USD 25,000 - 30,000; Full time

Job summary

Howden Re in Edina, MN is offering an internship in Accounting and Claims. You will learn reinsurance accounting and claims processes, supporting our team with real work for clients and prospects.

You’ll gain experience handling loss notices, loss calculations and claim settlements while developing skills in Excel, Word and PowerPoint in a deadline-driven environment. This internship requires working in the US and pursuing a relevant degree.

Qualifications

• Actively pursuing a Bachelor’s degree.
• GPA of 3.0+ is preferred.
• Proficiency with Excel, Word and PowerPoint.
• US work authorization is required.

Responsibilities

• Assist with all reinsurance accounting functions for selected client accounts.
• Receive loss notices, loss status updates and proofs of loss from clients and forward to reinsurers.
• Confirm coverage under treaty and review retention and limits.
• Prepare or review loss calculations for contract compliance.
• Process claims transactions in accounting and claims system.
• Track status of reinsurer settlements.

Skills

Attention to detail

Client service

Deadline-driven

Education

Pursuing Bachelor’s degree (Accounting focus)

Tools

Excel

Word

PowerPoint

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.

What we offer:

A career that you define.We provide an environment where new ideas are encouraged and celebrated, where people who want to have a real hand in our success thrive. We want people who want to make a difference - not just in the workplace, but in the industry and in the wider community.

Working at Howden Re:

At Howden Re, we’re on a mission to do things differently. Our no silo approach, elite team, and clear focus on innovation and relentless execution means our clients are at the heart of all we do.

As a big 4 global reinsurance broker, we deliberately avoid the one-size-fits-all approach, committing to creating bespoke solutions that address the unique challenges of a modern and dynamic marketplace. Our team is empowered to drive progress, creating opportunities for career and personal development, unlocking new value for clients, fostering long-term partnerships, and using the collective power of Howden to change how the world sees risk and insurance.

When you join Howden Re, you become part of a vibrant and entrepreneurial workplace culture that prioritizes collaboration, ownership, and shared success. Here, your contributions will directly impact our mission to be the global partner of choice in reinsurance and strategic advisory.

Be a part of Howden Re’s exciting journey. Together, we are shaping the future of reinsurance.

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.