Business Planning & Analysis Intern

Posted 3 Hours Ago
Be an Early Applicant
Trenton, NJ, USA
In-Office
21-22 Hourly
Internship
Insurance
The Role
Supports forecasting, budgeting, financial statement analysis, and monthly and quarterly reporting. Prepares ad hoc operational reports, analyzes industry trends, assists business leaders with annual budgets, and supports business units. The intern also contributes to efficiency and revenue-improvement initiatives while collaborating with colleagues and communicating findings effectively.
Summary Generated by Built In

Consider joining NJM’s 2027 Paid Summer Intern Program!

This robust program includes:

  • Lunch with leaders; featuring insights from an Executive Leadership Team member, and a former NJM intern. Opportunity to network with leaders and professionals across multiple departments.
  • Contribute to and collaborate on meaningful work within your department.
  • Team Intern Project: Research and present a business question to NJM leaders.
  • NJM Seminars designed to build essential professional skills and expand knowledge of the insurance industry.
  • Professional headshots to help enhance your personal brand.
  • Intern Fun:
    • Night at the Trenton Thunder Game
    • Volunteer activities to give back to the community in which we serve
    • Networking and social events with fellow interns, former interns, and leaders

Overview:

The Business Planning and Analysis Summer Intern will help support the company’s forecasting and budgeting process. This candidate will demonstrate skills in financial planning, analysis, and reporting while participating in a range of analytical and data analysis activities which will help lead to increased efficiencies and revenue opportunities, as well as lower operational expense levels.

Responsibilities: 

  • Assist in monthly forecasting of financial statements
  • Generate monthly and quarterly reporting
  • Assist in the preparation of annual budgets for business leaders
  • Create ad hoc reports to support business operations
  • Maintain open lines of communication
  • Support the business units
  • Prepare analysis of industry data and trends

Qualifications and Required Skills:

  • Interest in Property and Casualty Insurance Industry
  • Current Sophomore or Junior pursuing a bachelor's degree in accounting, finance, economics, mathematics or other related degree
  • Excellent analytical and problem solving abilities
  • High level of intellectual curiosity
  • Effective communicator (verbal and written)
  • Strong attention to detail
  • Desire to work collaboratively in a team environment
  • Cumulative GPA of a 3.0 or higher
  • Commutable to our West Trenton, New Jersey Office

The Business Planning and Analysis intern can pay up to $22 hour. 

Starting Rate: $21

Legal Disclaimer: NJM is proud to be an equal opportunity employer. We are committed to attracting, retaining and promoting a diverse and inclusive workforce that is fully representative of the diversity that exists in the communities in which we do business.

Skills Required

  • Current sophomore or junior pursuing a bachelor's degree in accounting, finance, economics, mathematics, or a related field
  • Interest in the property and casualty insurance industry
  • Excellent analytical and problem-solving abilities
  • High level of intellectual curiosity
  • Effective verbal and written communication skills
  • Strong attention to detail
  • Ability and desire to work collaboratively in a team environment
  • Cumulative GPA of 3.0 or higher
  • Ability to commute to the West Trenton, New Jersey office

NJM Insurance Group Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about NJM Insurance Group and has not been reviewed or approved by NJM Insurance Group.

  • Retirement Support Retirement benefits include a 401(k) match with additional company contributions, materially boosting total compensation. This component is presented as a core element of the total rewards offering.
  • Healthcare Strength Health coverage offers multiple medical plan options plus dental and vision, complemented by company-paid basic life insurance and disability protection. Wellness resources and assistance programs further support overall health needs.
  • Leave & Time Off Breadth Time off includes a first-year PTO allotment paired with paid/floating holidays and state-based paid sick leave. Paid parental leave references and adoption assistance indicate breadth for various family situations.

NJM Insurance Group Insights

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The Company
HQ: West Trenton, NJ
1,929 Employees
Year Founded: 1913

What We Do

NJM is among the Mid-Atlantic's leading property and casualty insurers. Founded in 1913, NJM's mission is to provide value-based insurance solutions to its policyholders with the highest levels of service, integrity, and financial stewardship. The Company operates in a mutual fashion for the exclusive benefit of its policyholders. Headquartered in West Trenton, NJ, with offices in Hammonton and Parsippany, NJM employs nearly 2,500 workers. - 2019-2023 Forbes Best In-state Employer (Ranked #11 out of 89 NJ employers in 2023) - 2018, 2019, 2020, 2021, certified by J.D. Power for providing "An Outstanding Auto Claims Experience" for personal lines customers* - 2018, 2019, & 2020 Clearsurance Customers’ Choice Top Ranked Insurance Companies - 2021 American Heart Association Gold Level Workplace Health Achievement - 2020 American Heart Association Silver Level Workplace Health Achievement - 2019 Forbes Best Mid-size Employers in the country *J.D. Power Auto Claims Certification Program℠ recognition is based on successful completion of an audit, exceeding a customer experience benchmark through a survey of recent claims servicing interactions, and a Financial Strength rating. For more information, visit jdpower.com.

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