Associate Director, Reinsurance Claims & Analytics

Howden; Edina (MN); On-site; USD 95,000 - 140,000; Full time

Job summary

Howden Tiger is the global reinsurance broker and risk, capital, & strategic advisor focused on relentless innovation & superior analytics for top client service. Our Accounting and Claims team seeks an Associate Director with 4+ years of experience handling reinsurance claims for clients, coordinating with external clients/reinsurers and internal broker teams.

Responsibilities include maintaining client relationships, processing loss notices, confirming coverage, reviewing contracts,

Qualifications

• Bachelor’s Degree is required.
• 4+ years of Reinsurance Intermediary Claims experience.
• Proficient with Microsoft Office products.
• Must be authorized to work in the U.S.

Responsibilities

• Proactively maintain relationships with brokers, clients, and reinsurers to ensure clear communication and deliver the highest level of client service.
• 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 claims 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 system of record.
• Monitor and diary claims reporting and request updates from clients on stale claims.
• Prepare reporting forms and adjustment calculations for client use as needed.
• 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.
• Work with other departments to promptly forward all funds to payees in a timely manner.
• Monitor approval status of reinsurers and obtain approval of new reinsurers as needed.
• Assist in the maintenance of reinsurer database.
• Assist with and/or lead training for new hires on topics such as systems, reinsurance concepts, claims, etc.
• Experience in multiple lines of business is a plus, including but not limited to: property; long-tail casualty such as workers compensation, commercial general liability, professional liability, etc.; specialty; excess and surplus lines; etc.

Education

Bachelor’s Degree

Tools

Microsoft Office

Job description

Howden Tiger is the global reinsurance broker and risk, capital, & strategic advisor focused on relentless innovation & superior analytics for top client service. Our Accounting and Claims team seeks an Associate Director with 4+ years of experience handling reinsurance claims for clients, coordinating with external clients/reinsurers and internal broker teams.

Responsibilities include maintaining client relationships, processing loss notices, confirming coverage, reviewing contracts,