Accounting and Claims Intern

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:
* Work with the team to perform all reinsurance accounting functions for selected client accounts and provide backup coverage for other accounts as needed.
* Work with the team to 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
* Attendance at client claims audits as needed
* Work with the team to review new contract wordings for key terms and input into the accounting and claims system
* Prepare reporting forms and adjustment calculations for client use as needed
* Promptly forward all funds to payees in a timely manner
* Monitor brokerage revenue forecast and update as needed
* Assist in the maintenance of reinsurer database
* Obtain new company banking instructions and assist in the creation of wire templates using bank software
* Other tasks as assigned
Qualifications:
* Rising Junior/Senior in college on track to receive a Bachelor's degree
* Reinsurance/Insurance experience and/or coursework a plus
* Proficient with Microsoft Office Products, including Excel
* Proven team player
* Excellent communication skills
* Outstanding organizing abilities
* Strong attention to detail
* Solid analytical acumen
* Coursework and/or experience in accounting and financial reporting principles a plus
* Legally authorized to work in the US

The expected compensation range for this role is $20-$24/hour.

This is an in-person opportunity located in Edina, MN running from June - August 2025