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 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.
- 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.
