Finance & Accounting Intern

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.

RVI Group, a Group 1001 company, is a financial services company focused on specialty property and casualty insurance and reinsurance. For over 30 years, RVI Group’s flagship residual value insurance products have protected lessors, investors, and lenders against market value declines in assets and were instrumental in helping clients, who are active worldwide, manage asset risk and lease accounting across multiple asset classes, including passenger vehicle, commercial equipment and commercial real estate.

Position Summary:

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 hands-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.

This is a hybrid position based in our Stamford, CT, office located at 107 Elm Street (Four Stamford Plaza). We are seeking candidates local to the Stamford metro area and willing to commute to the office on a regular basis.

Primary 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.

Position 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 4 days per week in the office with flexibility to accommodate academic demands.

Benefits Highlights:  

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, and to enroll in the Company’s Employee Assistance Program and other wellness initiatives.  Employees may also participate in the Company’s 401K plan, with matching contributions by the Company. 

Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals.  All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.

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