Finance Analysis & Accounting Intern at Group 1001 in Stamford, CT

Summary: Group 1001 is a consumer-centric, technology-driven family of insurance companies focused on delivering outstanding value and operational performance. This internship opportunity on the Finance Team involves supporting financial analysis and reporting functions, providing hands-on experience in various aspects of finance within the insurance sector. Responsibilities: - Support our functional cost model to provide insight into resource utilization and key financial ratios - Analyze cost data to identify areas for optimization and efficiency - Support the testing and implementation of new accounts payable platform - Prepare key economic indicators and industry trends that support financial forecasting, scenario modeling and performance benchmarking - Collaborate with the team to contribute to strategic decision-making based on industry analysis - Provide analysis and participate in the preparation of Rating Agency Reviews, Quarterly Close Process and Business Reviews - Assist in the development of insightful financial reports to enhance the departments’ business decision support function - 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 - Support the development of business requirements, workflows and controls for accounts payable and ledger conversion project - Collaborate with cross-functional teams to enhance and optimize accounting systems and tools Required Qualifications: - 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 2 days per week in the office with flexibility to accommodate academic demands Required Skills: Financial Analysis, Cost Accounting, Accounting Principles Important Skills: Microsoft Product Suite Nice-to-Have Skills: Analytical Skills, Eagerness to Learn Benefits: Comprehensive health, dental, and vision insurance plan options, Basic and Supplemental Life Insurance, Short and Long-Term Disability, Employee Assistance Program, Wellness programs, 401K plan, with matching contributions by the Company