Cincinnati Financial Corp

Accounting - Reinsurance Senior Accountant

Cincinnati Financial Corp$75K — $110K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of reinsurance accounting experience preferred
  • Understanding of reinsurance concepts
  • Advanced Microsoft Excel skills
  • Strong attention to detail and organizational skills
  • Excellent communication and interpersonal skills
  • Bachelor's degree in accounting
  • CPA or CPA-track preferred

Responsibilities

  • Prepare monthly, quarterly, and annual accounting close activities for assumed reinsurance transactions
  • Record and reconcile premium, loss, commission, and reserve activity for assumed treaties
  • Monitor and reconcile receivables and payables, ensuring timely settlements
  • Review and validate cedant reporting, identifying discrepancies and following up as needed
  • Support actuarial and underwriting teams with data and financial insights
  • Assist with financial statement preparation and related disclosures
  • Ensure compliance with internal controls, regulatory requirements, and audit standards

Benefits

  • Commitment to lifelong learning and professional development
  • Tools and training for career success
  • Strong focus on independent agent relationships
  • Diverse team environment
Full Job Description
Our Accounting department seeks a detail-oriented and experienced senior accountant with a strong background in assumed reinsurance accounting. This role is responsible for managing complex accounting processes related to assumed reinsurance treaties, ensuring accurate financial reporting and supporting regulatory compliance. This position is based at our Headquarters in Fairfield, Ohio. Some departments at our Headquarters offer a hybrid work option that may vary depending on your role and responsibilities. Starting pay: The pay range for this position is $75,000 - $110,000 annually. Pay is based on the applicant's education, experience, location, knowledge, skills and abilities. Eligible associates may also receive an annual cash bonus and stock incentives based on company and individual performance. Be ready to: • prepare monthly, quarterly and annual accounting close activities for assumed reinsurance transactions • record and reconcile premium, loss, commission and reserve activity for assumed treaties • monitor and reconcile receivables and payables, ensuring timely settlements • review and validate cedant reporting, identifying discrepancies and following up as needed • support actuarial and underwriting teams with data and financial insights • assist with financial statement preparation and related disclosures • ensure compliance with internal controls, regulatory requirements and audit standards • partner with internal stakeholders to improve processes and system efficiency • support internal and external audits, including providing documentation and explanations Be equipped with: • knowledge commensurate with at least five years of reinsurance accounting experience (preferred) • strong understanding of reinsurance concepts • advanced Microsoftae Excel skills and strong data analysis capabilities • strong attention to detail and organizational skills • excellent communication and interpersonal skills Bring education and experience from: • a bachelor's degree in accounting • a CPA or CPA-track (preferred) • experience working with reinsurance systems and/or general ledger platforms Enhance your talents Providing outstanding service and developing strong relationships with our independent agents are hallmarks of our company. Whether you have experience from another carrier or you're new to the insurance industry, we promote a lifelong learning approach. Cincinnati provides you with the tools and training to be successful and to become a trusted, respected insurance professional - all while enjoying a meaningful career. Enjoy benefits and amenities Your commitment to providing strong service, sharing best practices and creating solutions that impact lives is appreciated.To increase the well-being and satisfaction of our associates, we offer a variety of benefits and amenities. Embrace a diverse team

About Cincinnati Financial Corp

Cincinnati Financial Corporation is a property casualty insurance company that primarily operates in the Midwest and Southeastern regions of the United States. The company offers a wide range of insurance products, including personal, commercial, and life insurance. Cincinnati Financial Corporation was founded in 1950 and is headquartered in Fairfield, Ohio. The company has a strong financial position and has consistently paid dividends for over 60 years. Cincinnati Financial Corporation is committed to providing excellent customer service and has received numerous awards for its claims handling and customer satisfaction.
Learn more about Cincinnati Financial Corp
Size
5,166 employees
Market Cap
$16.5 billion
Industry
Net Income
$1.2 billion
Founded
1950
5 Year Trend
+12.1%
Revenue
$7.5 billion
NASDAQ

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