Enterprise Risk Management and Reinsurance Intern

Job Description

Reinsurance Summer Internship | Selective Insurance

The Tone:
This is an 11-week, full-time summer internship at Selective Insurance, located in Short Hills, NJ (Hybrid). Selective Insurance is a midsized U.S. domestic property and casualty insurance company with a century-long history of strong, consistent financial performance. As a Great Place to Work® certified employer, Selective empowers employees to contribute their diverse talents and perspectives to serving customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs. This role is part of the award-winning Ignite Internship program, offering college students a comprehensive glimpse into the corporate insurance environment and an opportunity to kick-off their careers.

The TL;DR
• Role: Internship
• Type: Full-time
• Location: Hybrid Short Hills, NJ
• Pay: $22–$25 hourly
• Team: Enterprise Risk Management and Reinsurance team, responsible for identifying, assessing, and mitigating risks to the company’s financial stability and operations, and ensuring company protection through strategic reinsurance arrangements.
• Mission: Support the Reinsurance and Reinsurance Accounting teams in critical operational tasks, including legacy treaty analysis, documentation, and stakeholder relationship management, to enhance the company’s risk management framework.
• Tech Stack: Outlook, Excel, Word, PowerPoint

What You’ll Actually Do
• Support Reinsurance Operations: Assist the Reinsurance and Reinsurance Accounting teams by identifying, evaluating, and reporting on legacy treaty commutations, contributing directly to financial stability and operational oversight.
• Enhance Documentation Systems: Undertake the reorganization, comprehensive documentation, and mapping of the internal shared drive structure to improve information accessibility and management.
• Foster Stakeholder Relationships: Develop and maintain effective working relationships with both internal colleagues and external stakeholders, crucial for supporting broader business objectives and collaborative success.
• Drive Goal Achievement: Demonstrate a strong sense of urgency and commitment to achieving departmental and organizational goals, actively contributing to team performance and company success.
• Communicate and Project Assist: Effectively communicate facts, detailed analyses, and recommendations through both written reports and verbal presentations, while also providing support for any ad-hoc projects as needed by the team.

The Must-Haves
• Background: Must be a current college student actively pursuing a degree in accounting to qualify, with a preference for students in the Class of 2028. A High School Diploma is a required foundation.
• Experience: Ideal candidates will be full-time undergraduate college Juniors or Seniors who possess the inherent ability to perform at a professional level within a corporate environment. No specific prior work experience is explicitly required.
• Skills: A demonstrated interest in learning about the insurance industry is essential. Candidates must also exhibit strong written and verbal communication skills for effective interaction and reporting, along with a robust sense of urgency and commitment to achieving established goals.
• Bonus: Prior experience utilizing core Microsoft Office applications such as Outlook, Excel, Word, and PowerPoint is preferred, though not strictly required. The internship also offers the potential for college credit, depending on the student’s academic institution’s specific requirements.