Global Risk & Insurance Intern, Treasury (Beca FUO)

Iff-c92e5b82; Somiedo; Hybrid; EUR 7,800 - 10,000; Part time

Job summary

IFF in Oviedo, Asturias, is seeking an Insurance & Risk Intern to support our Global Risk & Insurance team. This paid internship offers hands-on exposure to corporate insurance programs, risk financing, and enterprise risk management within a multinational setting.

The role is based on site with a flexible hybrid format. You will assist with renewals, data analytics, reporting, and documentation management, while developing skills in Excel, PowerPoint and risk evaluation.

Qualifications

• Currently pursuing a degree in Finance, Risk Management, Insurance, Economics, Law or Business.
• Strong analytical and numerical skills with high attention to detail.
• Proficiency in Excel and PowerPoint; comfortable with large datasets and confidentiality.

Responsibilities

• Assist with annual insurance renewals and risk reporting.
• Support data collection, validation for underwriting submissions and policy review.
• Prepare reports and dashboards for internal stakeholders and track certificates of insurance.

Skills

Finance

Risk Management

Insurance

Economics

Business

Education

Bachelor's or Master's degree

Tools

Excel

PowerPoint

Power BI

Job description

Job SummaryAre 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 (Beca FUO):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 remoteWorking 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 grossEligibility: Studied at the University of Oviedo and graduated from a Bachelor’s or Master’s degree within the last 4 yearsFunction: Treasury / Insurance & Risk ManagementReports to: Director, Risk & InsuranceWhere You’ll Make a DifferenceInsurance Program Support:Assist with annual insurance renewals (property, casualty, D&O, cyber, cargo, etc.)Support data collection and validation for underwriting submissionsHelp review insurance policies, schedules, and endorsementsTrack certificates of insurance and liaise with internal stakeholders/brokersTrack insurance premium invoices to ensure timely paymentRisk Management & Analysis:Support the development and maintenance of risk registersSupport the setting up & implementation of an Enterprise Risk Management platformAssist in analyzing exposure data (e.g., property values, business interruption, supply chain)Contribute to risk assessments and scenario analysisSupport various projects (e.g. captive/alternative risk financing initiatives)Data & Reporting:Prepare reports and dashboards (Excel / PowerPoint) for internal stakeholdersAssist with claims tracking and loss analysisSupport 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 accessibleAssist in process improvement and documentation of internal proceduresWhat Makes You the Right FitCurrently pursuing a degree in Finance, Risk Management, Insurance, Economics, Law, Business , or a related fieldStrong analytical and numerical skills with high attention to detailProficiency in Excel (pivot tables and data analysis preferred)Good working knowledge of PowerPoint for business presentationsStrong written and verbal communication skillsExcellent English language skillsWell-organized and comfortable working with large datasets and confidential informationCurious, proactive, and eager to learn about risk and insurance conceptsHow Would You Stand Out?Basic understanding of insurance principles or corporate risk managementExposure to corporate finance, legal, or risk environmentsFamiliarity with data visualization tools such as Power BI or TableauWhy Choose Us?Exposure to global insurance programs and risk strategyHands-on experience with real underwriting data and claims analysisUnderstanding of multinational insurance placement and regulatory considerationsInteraction with leading brokers, insurers, and internal stakeholdersDevelopment of technical and commercial risk management skillsOn the job training, supported by regular webinars on a range of risk and insurance topics#LI-AF1We are a global leader in taste, scent, and nutrition, offering our customers a broader range of natural solutions and accelerating our growth strategy. 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