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National Interstate Insurance Company · 3 days ago

Accounting Fall 2025 Co-Op

Richfield, OH

Part-time

Onsite

New Grad

National Interstate Insurance Company is a leader in commercial insurance, offering tailored insurance products for commercial transportation. The accounting co-op position will provide valuable experience in loss accounting, reinsurance accounting, and financial planning and analysis while supporting the finance team.

Financial ServicesInsuranceRisk Management

Growth Opportunities

Responsibilities

Maintain loss and loss adjustment expense reserve calculations based on actuarial models and historical claim data and analyze such calculations to ensure our reserve position is accurately presented in the financials

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, such as the recording of premiums and claims transactions, 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, working closely with our reinsurance brokers and reinsurers on various treaties and facultative reinsurance placements

Monitor and assist with resolving aged reinsurance receivables

Complete semi-annual financial statements for each of our alternative risk transfer rental captive products, which are shared with product management and insureds

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, including recording applicable journal entries and account reconciliations

Learn the statutory reporting process and support the preparation of the 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, including preparing analysis and schedules, proofreading documents for accuracy, and collaborating with other departments to collect information and data

Conduct a monthly analysis of premium and expense data to support the reporting of financial statement fluctuations and the identification of key drivers of operating results to management

Assist in the preparation of additional analysis requested by management for use in modeling, presentations, meetings, and other monthly or quarterly reports

Assist with cash flow management by analyzing daily cash positions and forecasting future cash flows, ensuring sufficient operating liquidity

Qualification

AccountingFinancial analysisReinsurance accountingLoss accountingCollaboration

Required

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

Benefits

Medical, dental, and vision plans starting on day one

PTO

Paid holidays

Commuter benefits

An employee stock purchase plan

Education reimbursement

Paid parental leave/adoption assistance

A 401(k) plan with company match

Company

National Interstate Insurance Company

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National Interstate Insurance Company, with our wholly owned subsidiary, Vanliner Insurance Company, provides highly innovative insurance solutions and world-class customer service for a variety of commercial transportation industries.

Founded in 1989