What are the responsibilities and job description for the Accounting and Financial Reporting Intern - Life & Annuity position at Group 1001?
Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.
Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals. All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.
Job Summary:
We are seeking an enthusiastic intern to join us for a 12-week program. This person will work with the Life & Annuity Accounting and Financial Reporting team on various workstreams related to the monthly closing of the Company’s general ledger, quarterly financial reporting requirements, and other ad-hoc reporting tasks. This position will also have opportunities to work cross-functionally with Life & Annuity Accounting Operations and Life & Annuity Product Accounting teams to gain further insight into the Life & Annuity accounting functions at Group 1001.
Main Accountabilities:
Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package. Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options. Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability, and to enroll in the Company’s Employee Assistance Program and other wellness initiatives. Employees may also participate in the Company’s 401K plan, with matching contributions by the Company.
Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals. All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.
Job Summary:
We are seeking an enthusiastic intern to join us for a 12-week program. This person will work with the Life & Annuity Accounting and Financial Reporting team on various workstreams related to the monthly closing of the Company’s general ledger, quarterly financial reporting requirements, and other ad-hoc reporting tasks. This position will also have opportunities to work cross-functionally with Life & Annuity Accounting Operations and Life & Annuity Product Accounting teams to gain further insight into the Life & Annuity accounting functions at Group 1001.
Main Accountabilities:
- Coordination of updating monthly close calendar, both day to day tracking and rolling forward of calendar for upcoming months.
- Assist with monitoring of the monthly close process through the running of various reports, including monitoring of control and suspense balances.
- Preparation of monthly journal entries, including tax entries and equity pick-up.
- Assist with preparation of monthly TPA deliverables.
- Rolling forward and updating of various financial reporting templates, including quarterly and annual footnotes.
- Data input into Wings software for quarterly reporting.
- Undergraduate students completing their sophomore or junior year are preferred.
- Major in Accounting or Finance.
- Availability to work full-time hours over the summer.
- Detail oriented with strong focus on quality of deliverables.
- Ability to prioritize and meet deadlines.
- Ability to work independently and with a team.
- Strong written and communication skills.
- Ability to establish positive relationships and work effectively with any department.
- Familiarity with Microsoft Suite (Word, Excel, Outlook, Teams, PowerPoint)
Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package. Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options. Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability, and to enroll in the Company’s Employee Assistance Program and other wellness initiatives. Employees may also participate in the Company’s 401K plan, with matching contributions by the Company.
