Finance Analysis & Accounting Intern

Group 1001 • Stamford, CT

11d • Hybrid

About The Position

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees. Why This Role Matters: RVI has a very exciting internship opportunity on our Finance Team supporting financial analysis and reporting functions. We are seeking a highly motivated, detail-oriented individual with a passion for a career in Finance, Accounting and Insurance. This internship opportunity provides hands-on experience in various aspects of finance within the insurance sector. The selected candidate will have the chance to work on projects related to cost accounting, controllership, financial planning & analysis, financial reporting & modeling, industry benchmarking & trend analysis all while gaining hand-on exposure in various accounting disciplines. We are looking for someone who is willing to make a commitment for 3 summer months, with the potential for continuing part-time work throughout the school year. If you are a motivated individual with a passion for accounting, we encourage you to apply and be a part of our dynamic team.

Requirements

• Currently pursuing a degree in Accounting, Finance, Business Analytics, or a related field
• Strong analytical and problem-solving skills
• Excellent communication and interpersonal skills
• Knowledge of finance and accounting principles
• Proficiency in Microsoft Product Suite and other relevant accounting software
• Organized and ambitious, strong attention to detail
• Eagerness to learn and contribute to a dynamic team environment
• Must be able to commit to 2 days per week in the office with flexibility to accommodate academic demands.

Responsibilities

• Cost Accounting Support our functional cost model to provide insight into resource utilization and key financial ratios
• Analyze cost data to identify areas for optimization and efficiency
• Support the testing and implementation of new accounts payable platform
• Industry Analysis Prepare key economic indicators and industry trends that support financial forecasting, scenario modeling and performance benchmarking
• Collaborate with the team to contribute to strategic decision-making based on industry analysis
• Financial Analysis & Reporting Provide analysis and participate in the preparation of Rating Agency Reviews, Quarterly Close Process and Business Reviews
• Assist in the development of insightful financial reports to enhance the departments’ business decision support function
• Financial Accounting Gain practical knowledge of various accounting disciplines (GAAP, NAIC Statutory, Bermuda Monetary Authority) and regulatory requirements
• Assist in ensuring compliance with regulatory requirements and best practices
• Provide support for regulatory audit requests
• Systems & Tools Support the development of business requirements, workflows and controls for accounts payable and ledger conversion project
• Collaborate with cross-functional teams to enhance and optimize accounting systems and tools.

Benefits

• Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package.
• Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options.
• Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability.
• All employees (regardless of hours worked) have immediate access to the Company’s Employee Assistance Program and wellness programs—no enrollment is required.
• Employees may also participate in the Company’s 401K plan, with matching contributions by the Company.

What This Job Offers

• Job Type: Part-time
• Career Level: Intern