2022 Summer Intern - Chief Accounting Office - Reinsurance Team
At Equitable, our power is in our people.
We're individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you'll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential?
The Chief Accounting Office (CAO), Reinsurance intern will help our team manage and administer the Equitable reinsurance portfolio which consists of both ceded and assumed risk transfer in accordance with the company’s overall strategy for Risk and Capital management, governed by corporate guidelines and various reinsurance treaty contracts in place, as well as regulatory requirements. Ceded reinsurance transfers risk to manage corporate retention limits, reduce claim volatility, allow for efficient allocation of capital, access underwriting and mortality expertise, and allows new partnerships to assist in our new product rollouts. Administrative requirements vary for the various lines of business including Life, Annuity, Disability, Accident & Health, and Major Medical, for policies issued from all Equitable entities. In addition to ceding risk, Equitable actively participates in a profit generating line of reinsurance, assuming life risk from the reinsurance marketplace since 1971. Participation in the profitable assumed life market allows the gathering of valuable reinsurance industry and mortality trend information. In addition to Life Assumed business, we assume reinsurance related to run-off contracts for Disability, Long term care, Accident & Health, and Aviation lines of business.
Responsibilities include, but are not limited to:
- Support specific areas within Finance at Equitable Holdings (EQH) and have opportunity to learn about additional functions through group research projects and networking opportunities with peers in the program.
- Assist in the day-to-day administration and transactions of the Assumed and Ceded Life Reinsurance portfolios.
- Assist with monthly close responsibilities and maintaining policies and procedures
Internship Dates: June 6, 2022 to August 12, 2022
Qualifications
Problem Solving: Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply knowledge of problem solving appropriately to in a wide variety of situations.
Teamwork: Belief in the necessity and value of teamwork; experience working cooperatively towards shared goals and being supportive of others at all levels.
Communication: Understanding the importance of insightful listening and communicating along with the ability to provide information and messages in a way that produces clarity and impact.
Planning and Organizing: Knowledge of the process of planning and arranging tasks and resources; ability to plan and organize both time and resources to get things completed while structuring and maintaining work in a systematic and highly methodical way.
Continuous Learning: Understanding of the rationale behind the necessity to continually learn and grow and the ability to seek performance feedback and identify approaches to improve own performance and that of others.
Results Orientation: Knowledge of the importance of meeting or exceeding established targets; ability to drive critical activities to completion.
Diversity, Equity and Inclusion: Demonstrates a commitment to Diversity, Equity and Inclusion by treating everyone with respect and dignity, ensuring all voices are heard and advocating or change.
Other Qualifications:
- Rising senior or rising junior working towards a four-year undergraduate degree with course work in Business, Legal, Finance and/or related discipline
- Proven financial, quantitative, contract and/or data analysis skills
- Uncompromising integrity and ability to maintain confidentiality
- Knowledge and hands on experience working with Excel, Word and PowerPoint
ABOUT EQUITABLE
At Equitable, we’re a team of over ten thousand strong; committed to helping our clients secure their financial well-being so that they can pursue long and fulfilling lives.
We turn challenges into opportunities by thinking, working, and leading differently – where everyone is a leader. We encourage every employee to leverage their unique talents to become a force for good at Equitable and in their local communities.
We are continuously investing in our people by offering growth, internal mobility, comprehensive compensation and benefits to support overall well-being, flexibility, and a culture of collaboration and teamwork.
We are looking for talented, dedicated, purposeful people who want to make an impact. Join Equitable and pursue a career with purpose.
Equitable is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.
NOTE: Equitable participates in the E-Verify program.
If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position, please contact Human Resources at (212) 314-2211 or email us at TalentAcquisition@equitable.com.