Accounting Intern 2026 at Allstate Insurance Company

Richfield, Ohio, United States

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Not SpecifiedCompensation

InternshipExperience Level

InternshipJob Type

UnknownVisa

Insurance, TransportationIndustries

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 2027

Responsibilities

Assist in and undertake entry-level accounting tasks in areas such as prepaid assets, fixed assets, other assets, other liabilities, including completing applicable journal entries and account reconciliations
Assist with certain daily banking and treasury management functions, including tracking cash balances in both operating and deposit accounts and recording transfer cash activity
Assist in certain Investment accounting and reporting areas by completing tasks such as posting transactions and income in the investment accounting system
Complete various reinsurance reconciliations and reinsurance billings and payments in the accounting area
Assist with various SEC reporting responsibilities including XBRL tagging and proofreading quarterly 10-Q and earnings release
Assist with statutory loss reporting on one of the four statutory insurance companies (Part 3 Loss and Expense Reserves Schedule)
Assist with statutory investment reporting on one of the four statutory insurance companies (Schedule DA)
Provide analyses and reports to management as requested
Perform other duties/ad hoc tasks as assigned

Skills

Key technologies and capabilities for this role

AccountingFinancial ReportingMicrosoft ExcelBookkeepingReconciliation

Questions & Answers

Common questions about this position

What is the work location for the Accounting Intern position?

The role will be based in the Richfield, Ohio office.

What are the main responsibilities of the Accounting Intern?

Responsibilities include assisting with prepaid assets, fixed assets, other assets and liabilities, journal entries, account reconciliations, daily banking and treasury management, investment accounting tasks, and reinsurance reconciliations.

What is the salary or compensation for this internship?

This information is not specified in the job description.

What is the company culture like at National Interstate?

The company values integrity, transparency, fairness, accountability, empowerment, and collaboration, with a focus on inclusion, empowerment, and enabling employees to perform at their best through diverse teams.

What makes a strong candidate for the Accounting Intern role?

Desirable candidates will be able to effectively assist with accounting tasks, banking, treasury management, investment accounting, and reinsurance reconciliations, bringing unique perspectives as part of the internship program.

Allstate Insurance Company

Provides a range of insurance products

About Allstate Insurance Company

Allstate provides a variety of insurance products, including auto, home, and life insurance, aimed at protecting individuals and families from financial risks. The company operates by selling insurance policies, which customers pay for through premiums. These premiums are then invested to generate returns for the company. Allstate distinguishes itself from competitors by offering a multi-channel distribution approach, allowing customers to purchase insurance through agents, online platforms, or partnerships with other financial services. The company's goal is to ensure customer satisfaction and reliability, as reflected in their slogan, "You're in Good Hands with Allstate," while also promoting diversity and engaging in corporate social responsibility initiatives.

Northbrook, IllinoisHeadquarters

1931Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees

Benefits

Flexible Work Hours

Risks

Natural disasters due to climate change lead to higher insurance claims, impacting profitability.

Insurtech companies increase competition, potentially affecting Allstate's market share.

Regulatory scrutiny over data privacy could lead to increased compliance costs for Allstate.

Differentiation

Allstate offers a diverse range of insurance products, including auto, home, and life.

The company uses a multi-channel distribution strategy to reach a broad audience.

Allstate is committed to inclusive diversity and corporate social responsibility initiatives.

Upsides

Increased adoption of telematics allows for personalized premiums and better risk assessment.

Climate change drives demand for new insurance products covering emerging risks.

Growing digital insurance platforms enable Allstate to reach younger, tech-savvy consumers.

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