Accounting and Claims Associate

Howden Re is the global reinsurance broker and risk, capital & strategic advisor focused on relentless innovation & superior analytics for top client service. ​ ​

About Role

Primary 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

Qualifications:

• •Bachelor’s Degree
• •Proficient with Microsoft Office Products, including Excel
• •Proven team player
• •Excellent communication skills
• •Outstanding organizing abilities
• •Strong attention to detail
• •Solid analytical acumen
• •Understanding of accounting and financial reporting principles and
• •Legally authorized to work in the US

The expected compensation range for this role is $65,000 per year.