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.
How You'll Contribute:
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.
What We're Looking For:
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.
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. 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.
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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What We Do
Group 1001 Insurance Holdings, LLC (“Group 1001”) is an insurance holding company in the United States, with current combined assets under management of approximately $57.5 billion as of June 30, 2022, and a mission for setting a new standard in the insurance industry by making insurance more useful and intuitive for everyone. Group 1001 is a long-standing, nimble, and tech-driven financial services enterprise established on deep industry expertise and reliable delivery of long-term value through empowering its customers, employees, and communities. Leveraging upon its record of building successful businesses and strong operating fundamentals, Group 1001 powers the next generation of insurance businesses with useful and intuitive solutions and products accessible to everyone. Group 1001 invests in strategic partnerships as part of our mission to transform communities through sports and education. Group 1001 and our subsidiaries have a strong commitment to service and community transformation. Education and sports initiatives, coupled with impactful partnerships, allow Group 1001 to improve lives through positive change in our communities. Learn more at Group1001.com.
