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 a growing Reinsurance business. We are seeking a highly motivated, detail-oriented individual with a passion for a career in Finance, Accounting and Re-insurance Operations. This internship opportunity provides hands-on experience in various aspects of finance within the reinsurance sector. The selected candidate will have the chance to work on projects related to reinsurance accounting, account reconciliations, treaty performance, broker and cedent reporting, and service level tracking 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:
Account Reconciliations
- Review and reconcile premium and loss information
- Accounts Receivable ageing monitor
- Trust account adequacy and funding levels
Industry Analysis
- Research and report on peer group companies across various geographies and perils within
- Listen and prepare recaps of key publicly traded reinsurers quarterly earnings calls
Financial Analysis & Reporting
- Assist in regulatory reporting and filings
- Participate in state review of minimum required capital
- Assist in the development of insightful financial reports to enhance the units 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 data model to implement cloud based information repository of contract detail, financial data and claim information
- 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 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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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.
