Accounting Fall 2025 Co-Op at American Family Insurance Group

Richfield, Ohio, United States

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Not SpecifiedCompensation

InternshipExperience Level

Part TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Available for part-time co-op starting Fall 2025 at Richfield, Ohio office
Interest in rotational program across Loss Accounting, Reinsurance Accounting, General and Statutory Accounting, and Financial Planning and Analysis

Responsibilities

Maintain loss and loss adjustment expense reserve calculations based on actuarial models and historical claim data and analyze such calculations to ensure accurate presentation in financials (Loss Accounting)
Assist in preparation of standard monthly reports and ad-hoc analyses of loss ratio for senior management (Loss Accounting)
Collaborate with claims adjusters, underwriters, actuaries, and other finance personnel to identify and resolve discrepancies in financial records and claims data (Loss Accounting)
Support department by providing complete and accurate accounting information such as footnote schedules, regulatory reports, and key management reports (Loss Accounting)
Perform technical accounting duties, such as recording premiums and claims transactions, related to month and quarter-end close activities (Reinsurance Accounting)
Reconcile reinsurance balances with respective participants on various treaties and facultative reinsurance placements (Reinsurance Accounting)
Prepare reinsurance billings and payments for premiums, commissions, and claims, working with reinsurance brokers and reinsurers; monitor and assist with resolving aged reinsurance receivables (Reinsurance Accounting)
Complete semi-annual financial statements for alternative risk transfer rental captive products, shared with product management and insureds (Reinsurance Accounting)
Validate and analyze reinsurance system data, including recalculations of reinsurance applied to large claims (Reinsurance Accounting)
Prepare schedules to support monthly consolidated financial statements (General and Statutory Accounting)
Assist with prepaid assets, fixed assets, other assets, and other liabilities, including recording journal entries and account reconciliations (General and Statutory Accounting)
Learn statutory reporting process and support preparation of quarterly and annual statutory financial statements and filings (General and Statutory Accounting)
Help facilitate filing of sales and use tax, and excise tax returns (General and Statutory Accounting)
Engage in annual planning and quarterly forecasting processes, including preparing analysis (Financial Planning and Analysis)

Skills

Key technologies and capabilities for this role

AccountingLoss ReservesLoss Adjustment ExpenseActuarial ModelsFinancial CalculationsReserve Calculations

Questions & Answers

Common questions about this position

Is this a full-time or part-time position?

This is a part-time co-op position.

Where is the co-op located?

The co-op is located at our Richfield, Ohio office.

What skills or experiences are needed for this accounting co-op?

The role requires skills in loss accounting such as maintaining reserves based on actuarial models, preparing reports, and collaborating with claims and finance teams, plus reinsurance accounting including recording transactions, reconciling balances, and preparing billings.

What is the company culture like at National Interstate?

The company values integrity, transparency, fairness, accountability, empowerment, and collaboration, with a focus on an engaging and driven team where diverse backgrounds contribute to business results and employees feel included and empowered.

What makes a strong candidate for this accounting co-op?

Strong candidates will have interest in accounting within insurance, particularly loss and reinsurance accounting, and be ready to collaborate with claims adjusters, underwriters, actuaries, and finance teams in a rotational program.