Internal Audit Internship

Job Description

Internal Audit Internship | FM

The Tone:
This is a hybrid part-time to full-time internship at FM, with the office located in Johnston, Rhode Island. FM stands as a prominent property insurer, serving over one-third of FORTUNE 1000-size companies by delivering engineering-based risk management and property insurance solutions. The company is dedicated to helping clients ensure business continuity through its advanced loss-prevention engineering, research, risk management expertise, and robust financial strength. This Internal Audit Internship plays a vital role in supporting the Internal Audit staff in documentation and testing for annual financial statement audits, thereby contributing to the company’s operational integrity and financial assurance.

The TL;DR
• Role: Internship
• Type: Flexible (part-time during academic year, full-time during breaks)
• Location: Hybrid – Johnston, RI

• Mission: Assist Internal Audit staff in completing documentation and testing performed as part of the annual financial statement audit.
• Tech Stack: Microsoft Office, PeopleSoft

What You’ll Actually Do
• Perform Audit Procedures: Execute audit procedures as defined in the audit program, which may include audit sampling and confirmations.
• Document Test Results: Accurately record the outcomes of audit tests, including documenting business processes and identified controls.
• Report Progress: Regularly update the supervisor on audit progress, challenges, and initial findings from control testing.
• Clear Review Notes: Proactively address and resolve review notes provided by supervisors to ensure audit quality and completeness.
• Support Engagements: Provide assistance with testing on various internal audit engagements, including the review of account reconciliations and other assigned tasks.

The Must-Haves
• Background: Pursuing a Bachelor’s degree, having completed the sophomore year (rising junior or senior), with a minimum GPA of 3.2.
• Experience: No professional experience explicitly required; focus on academic progression and a demonstrated interest in auditing.
• Skills: Proficiency in Microsoft Office, keen attention to detail and accuracy, strong critical thinking and problem-solving abilities, and effective interpersonal and communication skills.
• Bonus: Pursuing an accounting degree (Bachelor’s or Master’s), career interest in auditing, and PeopleSoft technical skills and experience.