Internal Audit Intern

Selective Insurance; Short Hills (NJ); Hybrid; USD 30,000 - 34,000; Full time

Job summary

Selective Insurance in Short Hills, NJ, is offering a hybrid internship with the Internal Audit team within the corporate Legal Department. You will support audit engagements, gather documentation, and test controls to identify weaknesses and opportunities for improvement.

This paid role targets current undergraduates seeking hands-on experience in internal controls. ideal candidates are juniors or seniors majoring in Finance or related fields, with a HS diploma.

Qualifications

• Undergraduate student majoring in Finance or related field; HS diploma required.
• Junior or Senior year; full-time undergraduate status.
• Strong interest in insurance industry and willingness to learn.
• Proficient in Outlook, Excel, Word, PowerPoint (preferred).

Responsibilities

• Assist in planning and executing audit procedures.
• Analyze data to assess risks during engagements.
• Review processes and controls to identify weaknesses.
• Prepare workpapers and summarize audit results.
• Collaborate with auditors and stakeholders on improvements.

Education

Finance or related field

High School Diploma

Tools

Outlook

Excel

Word

PowerPoint

Job description

The Tone:

This is an internship at Selective Insurance, located in Short Hills, NJ (Hybrid). Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years. This role matters as interns contribute to evaluating internal controls, which is vital for Selective's mission to serve customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs. Employees are empowered to be their true, unique selves and contribute diverse talents to shared success.

The TL;DR

• Role: Internship
• Type: Full-time
• Location: Hybrid - Short Hills, NJ
• Pay: $22-$25 hourly
• Team: Internal Audit team within Selective's corporate Legal Department
• Mission: Evaluate the design and test the effectiveness of internal controls over various processes within Selective.
• Tech Stack: Outlook, Excel, Word, PowerPoint

What You'll Actually Do

• Support Audit Engagements: Assist in planning and executing audit procedures, including gathering documentation and testing controls.
• Analyze Audit Data: Analyze data to assess operational and financial risks during audit engagements.
• Evaluate Internal Controls: Review processes and control activities to identify potential weaknesses, inefficiencies, or compliance issues.
• Document Audit Findings: Prepare workpapers and summarize audit results, documenting findings clearly and concisely.
• Collaborate on Improvements: Collaborate with auditors and business stakeholders to support recommendations for process improvements and risk mitigation.

The Must-Haves

• Background: Current college student majoring in Finance or a related field. High School Diploma required. Ideal candidates will be full-time undergraduate college Juniors or Seniors.
• Experience: Ability to perform at a professional level.
• Skills: Demonstrated interest in learning about the insurance industry. Experience with Outlook, Excel, Word, and PowerPoint is preferred.
• Bonus: College credit can be earned depending on your institution’s requirements.