Summer Intern - Reinsurance

Posted 4 Hours Ago
Be an Early Applicant
Cincinnati, OH
1 Years Experience
Insurance
The Role
The Reinsurance Intern will participate in the placement of Reinsurance contracts and assist in creating reports for the Reinsurance Management department. Responsibilities include monitoring contracts, documenting processes, preparing materials for meetings, and recommending procedural improvements while supporting various special projects.
Summary Generated by Built In

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Come grow with us!

At Core Specialty Insurance, we cultivate an environment where our interns grow as they exposed to meaningful, real-life work. At Core Specialty, you’re much more than a summer intern, you are valued member of our team!

Why Intern with Core Specialty?

Gain experience in a quickly growing start-up environment! Where every day provides new and exciting opportunities!!

  • 12-week summer program

  • Very competitive intern pay!

  • Exposure to senior level management and company executives

  • Beautiful work environment with a relaxed company culture

  • Hybrid work

Our values are the Core of everything we do:

  • We have a “bring it on” attitude.

  • We act quickly to make things happen. We empower and enable rapid decision making.

  • We solve problems with expertise. We have an unmatched depth of knowledge and experience.

  • We have high integrity, self-discipline and respect for others.

As a valued intern, the Reinsurance Intern will be responsible for participating and assisting in the coordinated efforts related to the frequent placement of Reinsurance contracts with all business units at Core Specialty. The Intern will gain valuable experience supporting the creation of all monthly, quarterly, and ad hoc reports produced within the Reinsurance Management department, as well as, having a voice to provide recommendations and conclusions to enhance the overall reinsurance management environment at Core Specialty. 

Key Accountabilities/Deliverables:

  • Assist with reinsurance management, guideline maintenance, process, and procedure documentation. 

  • Monitor reinsurance contracts ensuring clarity and accuracy of agreed-upon terms, monthly monitoring, or key indicators such as reinsurance collateral, and reinsurance concentration levels. 

  • Support the process of all reinsurance placements and checkpoints throughout the placement lifecycle. 

  • Assist with preparation of materials for various governance committees and reinsurance review meetings. 

  • Assist with the completion of any underwriting, claims or reinsurance audits as needed. 

  • Recommend changes to procedures to improve operations with the office. 

  • Assist with special projects and other assigned duties as appropriate. 

  • Assist in the build out of dedicated Reinsurance Management software. 

Technical Knowledge and Understanding:

  • Must be able to work in a team environment with direct and indirect reporting relationships (Matrix) 

  • Solid administrative and project management skills 

  • Strong attention to detail 

  • Problem solving, data, and analytical thinking skills. 

  • Familiarity and ability to use Microsoft Office products especially PowerPoint and Excel. 

  • Intermediate level of general Finance knowledge, and a basic knowledge of reinsurance and/or specialty insurance is preferred. Strong written and oral communication skills. 

Experience:

  • Must be actively working towards a bachelor’s or master's degree, preferably in Accounting, Finance, Economics, Insurance Risk Management, Business, or a related field. 

  • Experience working with cross-functional teams. 

  • Able to work 40 hours per week for 12 weeks. 

  • Must be able to work in the U.S. without future sponsorship. 

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position.
#LI-Onsite

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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement.  We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program

Top Skills

Excel
MS Office
PowerPoint
The Company
HQ: Cincinnati, Ohio
390 Employees
On-site Workplace

What We Do

Core Specialty, through its subsidiary insurers, offers a diversified range of property, casualty, and marine insurance products for small to mid-sized businesses.
We have the capital to take on risk, the underwriting talent in place, decisive leadership team, infrastructure, and a proven track record of making things happen – fast!

When you’re ready to solve your toughest insurance needs, we’re ready to get it done for you.
We free customers up to focus on their business by taking the load of complicated specialty insurance off their hands.
We break down the walls of bureaucracy to provide optimal underwriting solutions for brokers.
We’re ready, equipped, and motivated to get the job done, efficiently and professionally, by empowering experts with what they need to move quickly on behalf of customers and their brokers.

Our specialty focus is the essential part of our identity.
It is at our core

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