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Surety Division – Internship Opportunity (Morristown, NJ)

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

AI generated summary

  • You should be a rising senior in business, finance, or accounting, with strong analytical, communication, and organizational skills. Experience with MS Office and a passion for learning are essential.
  • You will shadow underwriters, review financial data, participate in meetings, receive operations training, engage in e-learning, and network with peers across the insurance operation.

Requirements

  • A rising senior majoring in business, finance or accounting is desired but all majors will be considered.
  • Prior work experience and/or internships is preferred but not required.
  • Proven leadership qualities demonstrated through work, community service, athletics, or clubs preferred.
  • Ability to gather and analyze data effectively.
  • Strong analytical and problem-solving skills.
  • Strong oral, written, and interpersonal communication skills.
  • Solid organizational, time management, and planning skills essential.
  • Experience with MS Office Suite (Outlook, Excel, Word & Power Point).
  • A passion for learning.
  • An innovative, entrepreneurial spirit.
  • Ability to take ownership and see tasks through to completion.

Responsibilities

  • Receive a hands-on introduction to surety underwriting by shadowing an experienced underwriter during the review of financial data and analysis of surety accounts. You will participate in account meetings, bond form reviews, file documentation, database entries, and management meetings.
  • Receive operations training that will give you firsthand experience with what happens to a surety bond from issuance to premium processing.
  • Participate in underwriting and claims training events and e-learning curriculum to enhance industry knowledge and professional skills.
  • Engage with cross functional teams and business leaders throughout the insurance operation to gain exposure of all facets of the industry.
  • Network with trainees and early career individuals, including career and industry workshops, and community service opportunities, to name a few.

FAQs

What is the duration of the internship program?

The internship program lasts for eight weeks.

Where is the internship located?

The internship is located at our corporate headquarters in Morristown, NJ.

What qualifications are required to apply for the internship?

A rising senior majoring in business, finance, or accounting is desired, but all majors will be considered.

Is prior work experience necessary for this internship?

Prior work experience and/or internships is preferred but not required.

What skills are important for candidates applying for the internship?

Strong analytical and problem-solving skills, effective data gathering and analysis, communication skills, organizational skills, and proficiency in MS Office Suite are important for candidates.

Will there be opportunities for networking during the internship?

Yes, interns will have the opportunity to network with trainees and early career individuals through various workshops and community service opportunities.

Is the internship paid?

Yes, the internship is a paid opportunity.

What type of activities will interns participate in during the program?

Interns will participate in hands-on training, mentorship, operations training, and engage with cross-functional teams and business leaders.

Can interns participate in special projects?

Yes, candidates with relevant experience will have the opportunity to diversify their training through special projects, including data analytics or marketing efforts.

What is the company's stance on inclusivity and diversity?

Crum & Forster values inclusivity and diversity, is committed to equal opportunity, and welcomes everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status.

Is there a paid time off policy for interns?

Yes, interns are offered paid time off for unexpected sick days.

What kind of work environment does Crum & Forster promote?

Crum & Forster promotes a dynamic, ambitious, fun, and exciting work environment.

What is the hourly pay range for this internship position?

The hourly pay for the internship ranges from a minimum of $15.00 to a maximum of $25.00, depending on various factors.

How does Crum & Forster support community involvement?

The company encourages social and community responsibility through a matching donation program, volunteer opportunities, and an employee-driven corporate giving program.

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