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Open nowPosted 12 days ago

Accounting and Claims Associate

Howden212 open roles

Pay
$65,000 a year
Where
Edina – 7701 France Avenue South
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Your applicationOpen nowAccounting and Claims AssociateHowden · Edina – 7701 France Avenue South

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The clock on this job

Early applications get read.

12.3% of postings close within 7 days. Measured by our own scanner across the market. Howden postings stay open a median of 28 days.

Share of postings closed within
  1. 2.1%1 day
  2. 4.5%3 days
  3. 12.3%7 days
  4. 19.3%14 days
  5. 35.6%30 days
  6. 58.1%60 days
This job: posted 12 days ago

Howden median: 28 days open

The posting

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.

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