Associate Director - Reinsurance Claims

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

About Role

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 is looking for an Associate Director level hire who has 4+ years of experience handling the reinsurance claims function for our clients. This would include working with our external Clients/Reinsurers and internally with our Broker Teams .

Primary 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.

Qualifications:

Bachelor’s Degree

4+ years of Reinsurance Intermediary Claims Experience

Proficient with Microsoft Office Products,

Must be authorized to work in the U.S.