Associate - Reinsurance Accounting

Who are we?

Howden is a collective – a group of talented and passionate people all around the world. Together, we have pushed the boundaries of insurance. We are united by a shared passion and no-limits mind-set, and our strength lies in our ability to collaborate as a powerful international team comprised of 18,000 employees spanning over 100 countries.

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 disappointed head-hunters for years. Whatever your priorities – work/life balance, career progression, sustainability, volunteering – you’ll find like-minded people driving change at Howden.

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 prioritises 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.

People join Howden for many different reasons, but they stay for the same one: our culture. It’s what sets us apart, and is 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.

About the Role

Our Accounting and Claims team is looking for an Associate level hire who has some experience handling the reinsurance accounting operations for our Treaty business clients with a multi class approach. This would include working with our external Clients/Reinsurers and internally with our Broker Teams.

This is a full time, office-based role out of our Milan office.

What will you be doing?

• Performing various day-to-day operational duties, including, booking transactions, billing, collection, and cash allocation.
• Assist the Finance Manager in the preparation of monthly financial statements, payments, cash-flow.
• Support the Finance Manager in internal and external auditing requests to ensure effective controls are maintained and followed.
• Working alongside underwriters to review complex reinsurance transactions from an accounting perspective.
• Review Reinsurance technical accounts, including but not limited to, commission adjustments, profit commissions and premium adjustments.
• Review and record collections and payments corresponding to the Reinsurance technical accounts.
• Recording reinsurance payables and receivables in the general ledger (reinsurance payable and recoverable accounts)
• Review, reconcile and collect open balances from ceding companies
• Coordinating with the Operations Team to ensure all treaties are accounted for the month.
• Strong ability to multitask and work on different systems and accounts daily, to manage multiple deadlines and changing priorities.
• Ad hoc projects/duties related to this position.
• Monitor brokerage revenue forecast and update as needed

What skills and experience are we looking for?

• Experience within an insurance company, reinsurance broker or reinsurance company is preferred
• Fluency in English Language
• Fluency in Microsoft Office suite (Outlook, Excel, Word, PowerPoint, etc.)
• Basic ability to read and understand reinsurance/insurance policies/contracts
• Strong communication skills
• Continuous improvement mindset

What do we offer in return?

A career that you define, supported by a strong commitment to technical and soft skills training.

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.

We provide a workplace where everyone has a voice, where volunteering in the community is part of the day job, and where everyone is encouraged to play a part towards our sustainability goals. We want people who want to make a difference - not just in the workplace, but in the industry and in the wider community.

Our culture: People First

Our core values dictate how we live and work. We are a group with independence and people at its heart and we are a home for talent with a unique culture: the biggest small company in the world.

The focus on being a People First business has always been at the very heart of the Group; Our vision was to create an independent business with a unique culture and one that would survive and thrive as a business controlled by the people working for it. And finding the most talented and entrepreneurial people to join the Group has been and will continue to be key.

Diversity & Inclusion

At Howden we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, marital status or family circumstances.