Accounting Fall 2025 Co-Op

National Interstate Insurance Company • Richfield, OH

107d

About The Position

National Interstate's accounting co-op, starting in fall 2025 at our Richfield, Ohio office, will become a crucial part of our finance team. The rotational program provides experience in various accounting functions including Loss Accounting, Reinsurance Accounting, General and Statutory Accounting, and Financial Planning and Analysis. The co-op will maintain loss and loss adjustment expense reserve calculations, assist in the preparation of monthly reports, perform technical accounting duties related to reinsurance, prepare schedules for financial statements, and engage in annual planning and forecasting processes.

Requirements

• Currently enrolled in a Bachelor's degree (B.A.) from a four-year college or university pursuing a degree in Accounting.
• Anticipated graduation date ranging from Fall/Winter 2026 to Spring 2029.

Responsibilities

• Maintain loss and loss adjustment expense reserve calculations based on actuarial models and historical claim data.
• Assist in the preparation of standard monthly reports and ad-hoc analyses of the loss ratio for senior management.
• Collaborate with claims adjusters, underwriters, actuaries, and other finance personnel to identify and resolve discrepancies in financial records and claims data.
• Support the department by providing complete and accurate accounting information such as footnote schedules, regulatory reports, and other key management reports.
• Perform technical accounting duties related to month and quarter-end close activities.
• Reconcile reinsurance balances with the respective participants on various treaties and facultative reinsurance placements.
• Prepare reinsurance billings and payments for premiums, commissions, and claims.
• Monitor and assist with resolving aged reinsurance receivables.
• Complete semi-annual financial statements for alternative risk transfer rental captive products.
• Validate and analyze reinsurance system data, including recalculations of reinsurance applied to large claims.
• Prepare schedules to support the monthly consolidated financial statements.
• Assist with prepaid assets, fixed assets, other assets, and other liabilities.
• Learn the statutory reporting process and support the preparation of quarterly and annual statutory financial statements and filings.
• Help facilitate the filing of sales and use tax, and excise tax returns.
• Engage in the annual planning and quarterly forecasting processes.
• Conduct a monthly analysis of premium and expense data.
• Assist in the preparation of additional analysis requested by management.
• Assist with cash flow management by analyzing daily cash positions and forecasting future cash flows.

Benefits

• Medical, dental, and vision plans starting on day one.
• PTO and paid holidays.
• Commuter benefits.
• Employee stock purchase plan.
• Education reimbursement.
• Paid parental leave/adoption assistance.
• 401(k) plan with company match.

What This Job Offers

• Career Level: Intern
• Education Level: Bachelor's degree
• Number of Employees: 501-1,000 employees