Reinsurance Claims & Accounting Associate

Howden Group; Edina (MN); Presencial; USD 59 000 - 72 000; Tempo integral

Resumo da oferta

Howden in Edina, MN is seeking an Accounting and Claims Associate to join our Reinsurance team. In this full-time role, you will handle loss notices, loss calculations, and processing of claims transactions, coordinating with reinsurers to bring settlements to a timely conclusion.

You will review contract wordings, monitor reporting due dates, support Schedule F funding calculations, and assist in maintaining client accounts and vendor relationships.

Qualificações

• Bachelor's or Associate Degree graduating between December 2026 and May 2027.
• Minimum GPA of 3.0.
• Proficient with Microsoft Office products, including Excel.
• Proven team player with strong organizational abilities and attention to detail.
• Solid analytical acumen and understanding of accounting and financial reporting principles.
• Legally authorized to work in the US.

Responsabilidades

• 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

Conhecimentos

Excel

Team player

Organization

Attention to detail

Analytical acumen

Accounting principles

Formação académica

Bachelor's or Associate Degree graduating between December 2026 to May 2027

Ferramentas

Microsoft Office

Descrição da oferta de emprego

Howden in Edina, MN is seeking an Accounting and Claims Associate to join our Reinsurance team. In this full-time role, you will handle loss notices, loss calculations, and processing of claims transactions, coordinating with reinsurers to bring settlements to a timely conclusion.

You will review contract wordings, monitor reporting due dates, support Schedule F funding calculations, and assist in maintaining client accounts and vendor relationships.