Finance Intern at KUVARE INSURANCE SERVICES LP

Cedar Rapids, Iowa, United States -

Full Time

Start Date

Immediate

Expiry Date

02 Feb, 26

Salary

0.0

Posted On

04 Nov, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Accounting, Financial Reporting, Investment Accounting, Account Reconciliation, GAAP, Statutory Reporting, Microsoft Excel, Data Analysis, Collaboration, Process Documentation, Attention to Detail, Communication Skills, Problem Solving, Clerical Tasks, Bloomberg Terminal, Standard Operating Procedures

Industry

Insurance

Description

About the role The Intern will provide accounting support to both the Financial Reporting and Investment Accounting teams. . This role is designed for an individual majoring in accounting with a foundational understanding of accounting principles who is eager to gain hands-on experience across various areas of insurance accounting. Responsibilities will include assisting with account reconciliations, preparing ad hoc reports, performing clerical accounting tasks, and supporting MAR control processes. The intern will also contribute to data collection and summarization for quarterly Board Reporting. Through rotations between Financial Reporting and Investment Accounting , the intern will gain broad exposure to industry accounting functions. Rotation timing and duration will vary based on departmental needs. What you'll do Account reconciliation preparation, including but not limited to cash, investments, suspense, other assets and liabilities. Includes general ledger research, preparation and posting of journal entries, documentation, and follow-up of variances The preparation of quarterly financial statements on a GAAP and statutory basis (introduction to WINGS, Workiva and other internal reporting tools) The preparation of quarterly Board Reporting, including gathering and compiling of various data points focusing on key performance metrics. Collaboration among multiple departments to obtain essential reporting information. Enhance process documentation by reviewing and verifying the accuracy of existing standard operating procedures (SOPs). Performed in-depth analysis of monthly investment data including yields, NAIC ratings, and accrual calculations, utilizing the Bloomberg Terminal for data validation and research. MAR control testing (invoice and journal entry testing), collection/organization and review of TPA reconciliations Qualifications Progress towards a BA or AA degree in Accounting or related field Prior internship, coursework, or project experience in insurance, investments, or financial reporting environments is a plus. Experience using Microsoft Excel (pivot tables, VLOOKUPs, formulas) and exposure to financial systems. Proven ability to maintain accuracy while managing multiple data points and deadlines. Strong MS Office skills Knowledge of general ledgers and reporting tools deemed valuable Excellent communication skills, both written and verbal Ability to work with various team members; collaborative style; partners effectively and with ease. Keen eye for detail and accuracy; quality focused Efficient and effective Results-driven; problem-solver Normal office working environment Ability to sit for extended periods of time Ability to type / perform data entry Ability to read from a computer screen and paper reports Express ideas and otherwise communicate with the spoken word, specifically via virtual platforms (Microsoft Teams)

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Responsibilities

The intern will assist with account reconciliations, prepare ad hoc reports, and support MAR control processes. They will also contribute to data collection for quarterly Board Reporting and gain exposure to various areas of insurance accounting through rotations.