Accounting and Claims Associate

No US register recordEdina – 7701 France Avenue South, USFull-timePosted 3 days ago

Job Description

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 databaseQualifications:
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.

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