Accounting Intern - Summer 2028

Federated Mutual Insurance Company; Owatonna (MN); On-site; USD 33,000 - 36,000; Full time

Benefits offered by this job

Financial compensation

Furnished housing

Individual mentoring

Country club membership

Fitness center membership

Wellness program

Employees club membership

Job summary

Federated Insurance is offering a full-time, in-person summer internship in accounting. You will work on monthly financial statements, bank reconciliations, quarterly presentations, and regulatory filings, with a mentor to support your onboarding and learning.

The internship provides housing, mentoring, and wellness benefits, plus participation in Federated's Wellness Program and other employee benefits. This role offers hands-on experience in accounting operations within a large insurance

Qualifications

• Junior or Senior level Accounting major
• Minimum overall GPA of 3.2
• Strong computer knowledge
• Ability to use Microsoft Excel or equivalent spreadsheet software

Responsibilities

• Preparing monthly financial statements
• Completing bank and account reconcilements
• Participating in quarterly financial statement presentations
• Preparing annual statement for insurance entities
• Completing regulatory filings for state agencies
• Participating in quarterly industry earnings calls and meetings
• Assisting with gathering data for external auditors
• Assisting with the preparation of audited financial statements and notes
• At the conclusion of the internship, the intern will prepare a presentation outlining their internship experience to the accounting operations team and Human Resources

Skills

Computer literacy

Microsoft Excel proficiency

Education

Accounting major

Tools

Microsoft Excel

Job description

Who is Federated Insurance?

At Federated Insurance, we do life-changing work, focused on our clients’ success. For our employees, we provide tremendous opportunities for growth. Over 95% of them believe our company has an outstanding future. We make lives better, and we’re looking for employees who want to make a difference in others’ lives, all while enhancing their own.

Federated’s culture is grounded in our Four Cornerstones: Equity, Integrity, Teamwork, and Respect. We strive to create a work environment that embodies our core principles and values. We value and respect individual differences, and we leverage those differences to achieve better results and outcomes for our clients, employees, and communities. Our top priority in recruitment and development of our next generation is to ensure we align ourselves with truly exceptional people who share these values.

What Will You Do?

Internships are a great way to hone your skills in a professional setting. Through our internship you will be exposed to a variety of meaningful projects and important business contacts. Even better, your contributions will be valued and rewarded - as you will be an important member of our team. You will also have a mentor assigned to you to help you get up to speed quickly and provide support for any questions that may arise.

This is a full-time, in-person summer internship.

Responsibilities

• Preparing monthly financial statements
• Completing bank and account reconcilements
• Participating in quarterly financial statement presentations
• Preparing annual statement for insurance entities
• Completing regulatory filings for state agencies
• Participating in quarterly industry earnings calls and meetings
• Assisting with gathering data for external auditors
• Assisting with the preparation of audited financial statements and notes
• At the conclusion of the internship, the intern will prepare a presentation outlining their internship experience to the accounting operations team and Human Resources

Requirements/Qualifications

• Junior or Senior level Accounting major
• Minimum overall GPA of 3.2
• Strong computer knowledge
• Ability to use Microsoft Excel or equivalent spreadsheet software

Benefits:

• Financial Compensation
• Furnished Housing provided
• Individual Mentoring
• Subsidized Country Club Membership
• Subsidized on-site Fitness Center membership
• Participation in Federated's Wellness Program
• Free Employees Club Membership

Pay for this internship is $24.50 per hour.

What We Offer

We offer a wide variety of ways to support you as a whole, both professionally and personally. Our commitment to your growth includes opportunities for internal mobility and career development paths, inspiring excellence in performance and ensuring your professional journey thrives. Additionally, we offer exceptional benefits to nurture your personal life. We understand the importance of health and financial security, offering encompassing competitive compensation, enticing bonus programs, cost-effective health insurance, and robust pension and 401(k) offerings. To encourage community engagement, we provide paid volunteer time and offer opportunities for gift matching. Discover more about Federated and our comprehensive benefits package: Federated Benefits You.

Employment Practices

All candidates must be legally authorized to work in the United States for any employer. Federated will not sponsor candidates for employment visa status, such as an H1-B visa. Federated does not interview or hire students or recent graduates with J-1 or F-1 visas or similar temporary work authorization.

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