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

About Role

People join Howden for many different reasons, but they stay for the same one: our culture. It’s what sets us apart, and the reason our employees have been turning down headhunters for years. Whatever your priorities – work / life balance, career progression, sustainability, volunteering – you’ll find like-minded people driving change at Howden.

Our Accounting and Claims team is looking for an Associate Director level hire who has 4+ years of experience handling the reinsurance accounting 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 serviceReceive data from clients per contractual reporting requirements and forward to applicable reinsurers. Confirm coverage under treaty; review contract wording for retention & limit, LAE treatment, loss reporting/cash call requirements, pro-rata calculations, etc.Prepare / review bordereaux calculations to ensure accuracy and compliance with contract termsProcess transactions in accounting and claims systemTrack the status of reinsurer settlements, periodically following for payment as necessary; promptly forward collected funds to clientAttendance at client audits as neededPerform 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 systemMonitor contractual reporting and payment due dates and request premiums and accounts from clients to ensure timely receiptPrepare reporting forms and adjustment calculations for client use as neededReview client accounts, adjustments, and other calculations for accuracy and compliance with contract terms and process accounting transactions in accounting and claims systemAssist clients with management of trust accounts for collateralized reinsurance arrangementsAssist 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 deadlineWork with other departments to promptly forward all funds to payees in a timely mannerMonitor brokerage revenue forecast and update as neededMonitor approval status of reinsurers and obtain approval of new reinsurers as neededAssist in the maintenance of reinsurer databaseAssist with and/or lead training for new hires on topics such as systems, reinsurance concepts, claims, etc.Experience in multiple lines of business and distribution channels is a plus, such as: managing general agents/underwriters, other fronting arrangements, etc.

Qualifications:

Bachelor’s Degree4+ years of Reinsurance Intermediary Accounting/Claims ExperienceProficient with Microsoft Office Products,Must be authorized to work in the U.S.The expected base salary range for this role is $95,000-135,000. The base salary range and ultimate title is based on level of relevant experience and location and does not include other types of compensation such as discretionary bonus or benefits.