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Captive Insurance Accounting Specialist Intern

Burlington, Vermont
Full time
Posted
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NFP Corp.
Insurance & superannuation
5,001-10,000 employees
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Who We Are

NFP is a seven-time Best Places to Work award winner in Business Insurance who has also earned the 5-Star Diversity, Equity and Inclusion (DEI) award from Insurance Business magazine and the WORK180 employer endorsement. We’re a recognized Elite Agency award winner and a leading property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor. NFP provides solutions enabling client success through the expertise of over 7,000 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors and financial institutions. To learn more, please visit: https://www.NFP.com.

Summary of Role:

Captive Insurance Accounting Specialist -Intern

This intern will be primarily responsible for learning the day-to-day insurance and financial management of a portfolio of captive insurance companies and observing how our team work to maintain relationships with clients, producers, and various service providers including independent auditors, independent actuaries, attorney’s, TPA’s, carriers/reinsurers, and reinsurance brokers, to ensure client companies remain in compliance with regulatory and accounting requirements.

About RISC

As?NFP?has?grown as a?global risk management partner, it has?expanded?its footprint?and expertise?into the management of complex risk as its clients strategize to meet the?emerging?demands of the world’s economic, environmental, social, and regulatory challenges.?NFP provides a comprehensive range?of?tech-forward?alternative risk, captive consulting,?and?management?solutions?within our Risk & Insurance?Strategy?Collective (“RISC”).? At the core of RISC is?embedded a?progressive mindset which embodies?diversity and?inclusion?with?a leadership deep-rooted in?corporate?social responsibility.?This mindset?elevates?RISC’s approach to?the development of?our?relationships with our?partners.

About the Role

As a Captive Insurance Accounting Specialist some of your key responsibilities will involve;

  1. Managing the day-to-day operations of a portfolio of clients and be a contact for individuals from within various departments at the client (risk management, corporate accounting, tax, legal, etc.)
  2. Ensuring the quality and timeliness of financial reports and regulatory filings on a consistent basis, in coordination with other NFP colleagues
  3. Preparing financial statements and regulatory filings for a portfolio of clients, including data compilation, journal entry development and input, as well as the creation of comprehensive financial statements and related supporting schedules and related regulatory reports
  4. Liaise with insurance and reinsurance brokers, including preparation and review of captive insurance policies and reinsurance contracts, as required
  5. Coordinating efforts with outside service providers to meet client needs (audit, investment manager, actuary, claims manager, legal, etc.)
  6. Assisting in preparing and presenting materials during client board meetings, ensuring both optimum quality and “value add” of the information included
  7. Support the RISC team with ongoing strategic review of captive insurance company clients
  8. Ensure compliance with the RISC governance framework

About You

As a Captive Insurance Accounting Specialist your skills and qualifications will ideally include;

  1. Proven ability to work effectively both in a team environment and independently in an office with other professionals in order to meet deadlines and satisfy the needs of the client and service team managers
  2. 4 yr Accounting degree and/or 5+ years captive experience required
  3. Experience in preparing financial statements with Generally Accepted Accounting Principles (GAAP) or related experiences
  4. Proficiency in Microsoft Excel
  5. Organized and able to multi-task with ability to effectively re-prioritize tasks as needed and manage several projects simultaneously
  6. Demonstrated responsiveness to internal and external clients
  7. Effective communicator, both verbally and written
  8. Demonstrated ability to identify areas requiring increased productivity and improve methods and approaches with managers guidance
  9. Contribute to a collaborative, innovative and forward-thinking office
  10. CPA or equivalent or CPA candidate a plus

NFP and You... Better together!

NFP is an inclusive Equal Employment Opportunity employer.