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.

Accounting and Claims Intern

Howden

Compensation Overview