Global Risk & Insurance Intern, Treasury (Beca FUO)

IFF N&B Iberica, S.L.; Asturias; Hybrid; EUR 7,800 - 10,000; Full time

Benefits offered by this job

Hybrid work

Job summary

IFF N&B Iberica, S.L. is seeking an Insurance & Risk Intern to gain hands-on experience in global insurance and risk management within a multinational environment. Based in Oviedo, Asturias, the role offers exposure to insurance programs, risk reporting, and enterprise risk processes in a hybrid setting (3 days on site / 2 days remote).

The monthly allowance is €800 gross. The intern will assist with renewals, data analytics, documentation management, and risk assessments while supporting a

Qualifications

• Currently pursuing a degree in Finance, Risk Management, Insurance, Economics, Law, Business, or related field.
• Strong analytical and numerical skills with high attention to detail.
• Proficiency in Excel (pivot tables and data analysis preferred).
• Good working knowledge of PowerPoint for business presentations.
• Strong written and verbal communication skills and fluent English.

Responsibilities

• Assist with annual insurance renewals (property, casualty, D&O, cyber, cargo, etc.).
• Support data collection and validation for underwriting submissions.
• Review insurance policies, schedules, and endorsements.
• Track certificates of insurance and liaise with internal stakeholders/brokers.
• Track insurance premium invoices to ensure timely payment.
• Support development and maintenance of risk registers.
• Assist in setting up and implementing an Enterprise Risk Management platform.
• Analyze exposure data (property values, business interruption, supply chain).
• Contribute to risk assessments and scenario analysis.
• Support projects such as captive/alternative risk financing initiatives.
• Prepare reports and dashboards (Excel / PowerPoint) for internal stakeholders.
• Assist with claims tracking and loss analysis.
• Support benchmarking and market research on insurance trends, limits, pricing.

Skills

Analytical skills

Excel

PowerPoint

English

Data analysis

Education

Pursuing degree in Finance or Risk Management

Tools

Sirion

Insurer & broker portals

Power BI/Tableau

Job description

Job Summary

Are you eager to build hands‑on experience in global insurance and risk management within a multinational environment? We are seeking a motivated and detail-oriented Insurance & Risk Intern to support our small Global Risk & Insurance team. The role provides exposure to corporate insurance programs, risk financing strategies, and operational risk processes within a multinational environment. The intern will assist with insurance renewals, data analytics, risk reporting, and documentation management, gaining hands‑on experience in how large organizations manage and transfer risk globally. IFF is a global leader in flavors, fragrances, food ingredients and health & biosciences. We deliver sustainable innovations that elevate everyday products. Our Treasury – Global Risk & Insurance function plays a critical role in protecting IFF’s people, assets, and operations worldwide through robust insurance programs, risk financing strategies, and enterprise risk management processes. The role is based in Oviedo, Asturias (onsite role). Be part of a collaborative, analytical, and international team where together we can achieve greatness and make a real impact. Your potential is our inspiration.

Program details

• Duration: 6-12 months (maybe possibility for permanent role)
• Location: Offices in El Vasco, Oviedo (parking available)
• Format: Hybrid - 3 days on site / 2 days remote
• Working hours: Flexible entry between 8:00-10:00 a.m. and exit between 5:00-7:00 p.m. (1-hour lunch break)
• Monthly allowance: €800 gross
• Eligibility: Studied at the University of Oviedo and graduated from a Bachelor’s or Master’s degree within the last 4 years
• Function: Treasury / Insurance & Risk Management
• Reports to: Director, Risk & Insurance

Where You’ll Make a Difference

• Insurance Program Support: Assist with annual insurance renewals (property, casualty, D&O, cyber, cargo, etc.)
• Support data collection and validation for underwriting submissions
• Help review insurance policies, schedules, and endorsements
• Track certificates of insurance and liaise with internal stakeholders/brokers
• Track insurance premium invoices to ensure timely payment
• Risk Management & Analysis: Support the development and maintenance of risk registers
• Support the setting up & implementation of an Enterprise Risk Management platform
• Assist in analyzing exposure data (e.g., property values, business interruption, supply chain)
• Contribute to risk assessments and scenario analysis
• Support various projects (e.g. captive/alternative risk financing initiatives)
• Data & Reporting: Prepare reports and dashboards (Excel / PowerPoint) for internal stakeholders
• Assist with claims tracking and loss analysis
• Support benchmarking and market research (insurance trends, limits, pricing)
• Process and systems: Work with contract/insurance platforms (e.g., Sirion, Insurer & broker portals)
• Ensure insurance documentation is accurately maintained, organized and easily accessible
• Assist in process improvement and documentation of internal procedures

What Makes You the Right Fit

• Currently pursuing a degree in Finance, Risk Management, Insurance, Economics, Law, Business, or a related field
• Strong analytical and numerical skills with high attention to detail
• Proficiency in Excel (pivot tables and data analysis preferred)
• Good working knowledge of PowerPoint for business presentations
• Strong written and verbal communication skills
• Excellent English language skills
• Well-organized and comfortable working with large datasets and confidential information
• Curious, proactive, and eager to learn about risk and insurance concepts

How Would You Stand Out?

• Basic understanding of insurance principles or corporate risk management
• Exposure to corporate finance, legal, or risk environments
• Familiarity with data visualization tools such as Power BI or Tableau

Why Choose Us?

• Exposure to global insurance programs and risk strategy
• Hands‑on experience with real underwriting data and claims analysis
• Understanding of multinational insurance placement and regulatory considerations
• Interaction with leading brokers, insurers, and internal stakeholders
• Development of technical and commercial risk management skills
• On the job training, supported by regular webinars on a range of risk and insurance topics

At IFF, we believe that your uniqueness unleashes our potential.

We value the diverse mosaic of the ethnicity, national origin, race, age, sex, or veteran status. We strive for an inclusive workplace that allows each of our colleagues to bring their authentic self to work regardless of their religion, gender identity & expression, sexual orientation, or disability.

Visit IFF.com/careers/workplace-diversity-and-inclusion to learn more

At IFF, we make joy through science, creativity and heart. As the global leader in flavors, fragrances, food ingredients, health and biosciences, we deliver groundbreaking, sustainable innovations that elevate everyday products – advancing wellness, delighting the senses and enhancing the human experience. We value an inclusive, creative workplace where all individuals can thrive and do their best work. We consider all qualified candidates equally and based on merit, without regard to religion, ethnicity, national origin, race, age, veteran status, gender identity or expression, sexual orientation or disability.