Great American Insurance Group · 3 months ago
Accounting Fall 2025 Co-Op
Richfield, OH (USA)
Full-time
Onsite
New GradGreat American Insurance Group is a leading commercial transportation insurer in the nation, offering tailored risk financing solutions. The Accounting Fall 2025 Co-Op will become a crucial part of the finance team, engaging in various accounting tasks including loss accounting, reinsurance accounting, and financial planning and analysis.
FinanceFinancial ServicesInsurance
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
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
Great American Insurance Group
Great American Insurance Group is an insurance company that specializes in in property and casualty insurance. It is a sub-organization of American Financial Group.
Founded in 1872
5001-10000 employees
H1B Sponsorship
Great American Insurance Group has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (2)
Funding
Current Stage
Late StageTotal Funding
unknown2021-01-27Acquired
Leadership Team
Annette Gardner
Senior Vice President, Chief Financial Officer and Treasurer
M
Miguel Angel Maldonado
CFO Mexico - Automobile and Specialty Divisions
Recent News
Essential Business
2025-12-18
Company data provided by crunchbase