Accounting and Claims Intern
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What you'll do
- 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
What they're looking for
- Actively pursuing a Bachelor’s degree
- Have a GPA of 3.0+
- Proficient in Excel, Word, and PowerPoint
- Pay close attention to detail
- Legally authorized to work in the US
Nice to have
- Ideally with a focus on accounting
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
Howden Re is the global reinsurance broker and risk, capital & strategic advisor focused on relentless innovation & superior analytics for top client service.
About Role
Internship: Accounting and Claims
Location: Edina, MN
Compensation: $20/hr + overtime
Deadline to apply: Friday 16th October
Introduction
Working with our reinsurance team in North America you’ll learn more about reinsurance broking, risk mitigation solutions, claims decision making and support our teams, doing real work for Howden Re's current and prospective clients.
What you’ll be doing
Reinsurance is a complex world; the easiest way to think about it is that it’s insurance for the insurers. Working with our teams, you’ll help insurance companies protect their futures, and the people they insure.
You’ll be working with our clients who have suffered a loss, and you’ll work with the reinsurers to see the claim through to a conclusion, all the way through to our clients receiving funds.
On a day-to-day basis you’ll:
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
Who we’re looking for
You’ll be working towards a Bachelor’s degree in any subject, ideally with a focus on accounting. You’ll be able to clearly communicate your thoughts and ideas both in writing and in person. And be able to handle multiple tasks and projects at the same time in a client service, deadline-driven environment.
You will:
Actively pursuing a Bachelor’s degree
Have a GPA of 3.0+
Be proficient in Excel, Word, and PowerPoint
Pay close attention to detail, because every small detail matters
Legally authorized to work in the US
Our Application process
Our application process is designed to help you show your potential, not to test what you already know!
Online application form: to make sure you’re eligible for the internship, and to upload a resume.
Pre-recorded video interview: You’ll record your answers to a few questions using your phone or laptop, giving you the chance to tell us more about yourself in your own time in a relaxed setting.
Assessment center: Our final stage is an assessment center, which will ideally be in-person, but may be virtual. You'll take part in some fun group activities and meet our team in a relaxed setting. This day is all about getting to know you better and for you to see what it's like to be part of Howden and experience our culture.
Different perspectives make us better
At Howden, we’re committed to fair opportunity, inclusive teams and a culture where everyone belongs. We value people of all backgrounds, identities and experiences. We make sure everyone has the chance to succeed. If you bring who you really are, we’ll help you to go further.
We believe in equal opportunities for all employees, regardless of race, religion, gender, age, sexual orientation or disability. And as a Disability Confident employer, we’re committed to removing barriers and supporting you to do your best work. If you need any adjustments during the application process or in the role, just let us know. We’re here to help.
What we offer:
A career that you define. We provide an environment where new ideas are encouraged and celebrated, where people who want to have a real hand in our success thrive. We want people who want to make a difference - not just in the workplace, but in the industry and in the wider community.
Working at Howden Re:
At Howden Re, we’re on a mission to do things differently. Our no silo approach, elite team, and clear focus on innovation and relentless execution means our clients are at the heart of all we do.
As a big 4 global reinsurance broker, we deliberately avoid the one-size-fits-all approach, committing to creating bespoke solutions that address the unique challenges of a modern and dynamic marketplace. Our team is empowered to drive progress, creating opportunities for career and personal development, unlocking new value for clients, fostering long-term partnerships, and using the collective power of Howden to change how the world sees risk and insurance.
When you join Howden Re, you become part of a vibrant and entrepreneurial workplace culture that prioritizes collaboration, ownership, and shared success. Here, your contributions will directly impact our mission to be the global partner of choice in reinsurance and strategic advisory.
Be a part of Howden Re's exciting journey. Together, we are shaping the future of reinsurance.
EEO Statement:
We consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and
business partners with equality, fairness, and respect. Howden North America provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. Howden North America will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.
Company
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