Reinsurance Accounting & Claims Associate — Edina

Howden Re; Edina (MN); On-site; USD 59,000 - 72,000; Full time

Job summary

Howden Re in Edina, MN is seeking an Accounting and Claims Associate for a full-time role. Working with clients who have suffered a loss, you will coordinate with reinsurers to move claims through to settlement and ensure funds reach the client.

This position requires a degree (Dec 2026–May 2027), strong Excel skills, meticulous attention to detail, and proven teamwork. Compensation is up to $65,000 per year, with opportunities to grow in a global reinsurance broker environment.

Qualifications

• Bachelor's or Associate's degree graduating Dec 2026–May 2027.
• Minimum GPA 3.0.
• Proficient with Microsoft Excel.
• Proven team player.
• Outstanding organizing abilities.
• Strong attention to detail.
• Solid analytical acumen.
• Understanding of accounting and financial reporting principles.
• Legally authorized to work in the US.

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

Skills

Team player

Attention to detail

Analytical acumen

Organizing abilities

Accounting concepts

Education

Bachelor's or Associate's Degree graduating Dec 2026–May 2027

Tools

Excel

Job description

Howden Re in Edina, MN is seeking an Accounting and Claims Associate for a full-time role. Working with clients who have suffered a loss, you will coordinate with reinsurers to move claims through to settlement and ensure funds reach the client.

This position requires a degree (Dec 2026–May 2027), strong Excel skills, meticulous attention to detail, and proven teamwork. Compensation is up to $65,000 per year, with opportunities to grow in a global reinsurance broker environment.