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Intern, IFRS 17 Reporting (Morristown, NJ/Hybrid)

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Crum & Forster

24d ago

  • Internship
    Full-time
    Off-cycle Internship
  • Accounting & Tax
    Business, Operations & Strategy
  • Morristown

AI generated summary

  • You should be pursuing a Bachelor's in Accounting, Finance, or related fields, have strong Excel skills, excellent communication, problem-solving abilities, and be organized with attention to detail.
  • You will support IFRS 17 reporting, prepare financial statements, assist with reconciliations, gather audit materials, and help with system testing and documentation updates.

Requirements

  • Pursuing a Bachelor’s degree in any of the following: Accounting, Finance, Business Administration, or related fields
  • Intermediate/Strong excel skills (VLOOKUP, Pivot Table, Power BI, SUMIF)
  • Strong ability to collaborate and communicate effectively with team members and other departments across the organization
  • Capable of clearly sharing ideas, asking insightful questions, and providing regular updates both verbally and in writing
  • Open to receiving feedback, taking on new tasks, and adapting to changes in a dynamic work environment
  • Excellent analytical and problem-solving abilities
  • Capable of managing multiple tasks efficiently in a fast-paced environment
  • Strong organizational and time management skills, with exceptional attention to detail
  • Ability to take full ownership of tasks and deliver high quality results
  • Quick to grasp new business concepts and adapt to new challenges

Responsibilities

  • Provide overall support in reporting to ensure compliance with IFRS 17, the new insurance contracts accounting standard, and assist with related projects as directed by our parent company, Fairfax Financial Holdings Limited
  • Assist in the preparation of balance sheets and income statements in accordance with IFRS 17 guidelines
  • Help with reconciliations between IFRS 4 (previous insurance contracts standard) and IFRS 17
  • Assistance with the preparation of files for the overhead expense allocation process
  • Aid in preparing the President’s Report which documents and highlights the most significant events that occurred for the quarter
  • Aid in gathering and organizing materials for IFRS 17 audit documentation
  • Help in updating critical support documents for IFRS 17
  • Support testing activities related to system changes or process updates

FAQs

What is the location of the internship?

The internship is located in Morristown, NJ, and is offered in a hybrid format.

What department will the intern be working in?

The intern will be working with Crum & Forster's Financial Services Group, specifically within the IFRS 17 Reporting team.

What background is preferred for this internship?

A background in accounting or finance is preferred for this internship.

What are the primary responsibilities of the intern?

The intern will assist with compliance reporting for IFRS 17, preparation of financial statements, reconciliations, documentation, and various support tasks related to IFRS 17 reporting.

What skills are required for the internship?

Required skills include intermediate to strong Excel skills, effective communication and collaboration abilities, analytical and problem-solving skills, and strong organizational and time management skills.

Is there an opportunity for career development during the internship?

Yes, Crum & Forster offers various opportunities for career development, including tuition reimbursement and professional training.

What is the compensation for this internship?

The annualized base pay for this internship ranges from a minimum of $16.00/hr to a maximum of $20.00/hr, depending on various factors.

Will the intern be working alone or as part of a team?

The intern will be collaborating with key stakeholders and subject matter experts, so teamwork is an essential aspect of the position.

Is there a focus on diversity and inclusion at Crum & Forster?

Yes, Crum & Forster is committed to diversity, equity, and inclusion and welcomes individuals from all backgrounds.

How does Crum & Forster support employee wellness?

Crum & Forster offers excellent benefits that include health, dental, and vision insurance, as well as programs focused on the wellness of employees and their families.

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Crum & Forster

Finance
Industry
1001-5000
Employees

Mission & Purpose

Crum & Forster (C&F) is a leading national property & casualty insurance company with a large, diversified specialty platform. We protect businesses and organizations from the unpredictable nature of risk, giving them the confidence to take on new challenges and flourish in today’s increasingly complex and uncertain world. C&F is client-focused, creative, and flexible in delivering customized products and services. Crum & Forster (C&F), with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus lines insurance companies. With $4.6 billion in written premium as of 2021, C&F enjoys a financial strength rating of “A” (Excellent) by A.M. Best. C&F is proud of its superior customer service platform and its claims and risk engineering services are recognized as among the best in the industry. Our most valuable asset is our people – 2500+ employees, and growing, in locations throughout the United States. The company is increasingly winning recognition as a great place to work, earning workplace and wellness awards. C&F is part of Fairfax Financial Holdings, a global organization with $28 billion in revenue as of 2022. For more information about Crum & Forster, please visit our website: www.cfins.com. Affiliated Companies: Seneca Insurance Company The Redwoods Group Travel Insured International Crum & Forster Pet Insurance Group