Senior Accountant

The Cincinnati Insurance Companies; Cincinnati (OH); Hybrid; USD 75,000 - 110,000; Full time

Benefits offered by this job

Annual bonus and stock incentives

Job summary

The Cincinnati Insurance Companies are hiring a senior accountant with a strong background in assumed reinsurance accounting. Based at our Fairfield, Ohio Headquarters, the role blends accounting rigor with collaboration across actuarial and underwriting teams.

Starting pay ranges from $75,000 to $110,000 annually, with eligibility for annual bonus and stock incentives based on performance. A hybrid work option may vary by role, with opportunities to contribute to process improvements.

Qualifications

• Minimum five years of reinsurance accounting experience (preferred)
• Strong understanding of reinsurance concepts
• Advanced Microsoft Excel skills and strong data analysis capabilities
• Strong attention to detail and organizational skills
• Excellent communication and interpersonal skills

Responsibilities

• Prepare monthly, quarterly and annual 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

Skills

Advanced Excel

Data analysis

Attention to detail

Communication skills

Education

Bachelor’s degree in accounting

CPA or CPA-track (preferred)

Tools

Reinsurance systems

General ledger platforms

Job description

Make a difference with a career in insurance

At The Cincinnati Insurance Companies, we put people first and apply the Golden Rule to our daily operations. To put this into action, we’re looking for extraordinary people to join our talented team. Our service-oriented, ethical, knowledgeable, caring associates are the heart of our vision to be the best company serving independent agents. We help protect families and businesses as they work to prevent or recover from a loss. Share your talents to help us reach for continued success as we bring value to the communities we serve and demonstrate that Actions Speak Louder in Person®.

If you’re ready to build productive relationships, collaborate within a diverse team, embrace challenges and develop your skills, then Cincinnati may be the place for you. We offer career opportunities where you can contribute and grow.

Build your future with us

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

Qualifications - External

Be equipped with:

• knowledge commensurate with at least five years of reinsurance accounting experience (preferred)
• strong understanding of reinsurance concepts
• advanced Microsoft® 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 (preferred )

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

As a relationship-based organization, we welcome and value a diverse workforce. We grant equal employment opportunity to all qualified persons without regard to race; creed; color; sex, including sexual orientation, gender identity and transgender status; religion; national origin; age; disability; military service; veteran status; pregnancy; AIDS/HIV or genetic information; or any other basis prohibited by law. All job applicants have rights under Federal Employment Laws. Please review this information to learn more about those rights.