Summer 2027 Surety Claims Intern

National Black MBA Association; Northern (KY); Hybrid; USD 32,000 - 69,000; Part time

Job summary

Nationwide offers a 12-week Surety Claims Intern program designed to empower your early career with professional development sessions, networking events, and collaboration with company leaders. The internship provides a meaningful experience within a Fortune 100 company, emphasizing learning and growth in a supportive culture.

As a Surety Claims Intern, you will support investigations and analyses of commercial and contract claims, interact with internal and external contacts, and gain exposure

Qualifications

• General understanding of basic analytical and financial techniques
• Verbal and written communication skills necessary to interact with all levels of internal and external contacts
• Ability to evaluate and recommend solutions to work-related problems
• Strong analytical skills
• Effective time management skills and competencies preferred

Responsibilities

• Review of surety claim demands and supporting documents
• Analyze bond terms and conditions and discuss defenses and obligations
• Assess claim validity and recommend resolutions to management
• Coordinate with outside counsel and review pleadings for litigation involving surety bonds
• Provide risk-based business support to underwriters based on potential claims

Skills

Analytical skills

Written communication

Verbal communication

Education

Pursuing Juris Doctorate

Job description

If you’re passionate about helping people protect what matters most to them at a Fortune 100 company with nearly $70 billion in annual sales, as well as innovating and simplifying processes and operations to provide the best customer value, then Nationwide’s Property and Casualty team could be the place for you! At Nationwide®, “on your side” goes beyond just words. Our customers and partners are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

Job Description Summary

Nationwide is a leader in the insurance and financial services industry in America. We are a Fortune 100 company with a mission to protect people, businesses and futures with extraordinary care.

The Nationwide summer internship program is designed to empower you, allowing you to forge a strong foundation for your career. Over the course of 12 weeks, Nationwide interns take part in key business assignments that make a difference, all while enhancing their leadership competencies.

As a Nationwide intern, you’ll enjoy everything that makes us great. From professional development sessions and networking events to collaborations with company leaders, your internship will take on a meaningful journey through the Nationwide experience. Our award-winning culture will ensure you feel welcomed, challenged and encouraged every step of the way!

Job Description

Are you our next Surety Claims Intern?

About Our Surety Claims Team

Our team conducts investigations and analysis of commercial and contract surety claims of all levels of severity and complexity. Success on our team requires excellent writing, analytical and negotiation skills and a desire to develop efficient claim resolutions in accordance with Nationwide’s bonded obligations.

Our team also provides timely and competent business support advice to Nationwide surety underwriters based upon potential claims related risks associated with current and potential surety obligations.

A day in the life of a Surety Claims Intern might include:

• Review of new and existing surety claim demands from claimants and/or their legal counsel.
• Review and analysis of bond terms and conditions as well as review and analysis of documentation submitted by claimants in support of surety bond claims.
• Review and discussion of surety bond principal’s position related to claims and factual and/or legal analysis of surety’s potential defenses and obligations regarding the claim.
• Management of outside legal counsel and review of draft legal pleadings to be filed on behalf of Nationwide related to litigation involving Nationwide issued surety bonds.
• Determines necessary steps to process work. Makes preliminary determination on validity of claims and makes recommendations to management regarding possible resolution or mitigation of claim exposure consistent with Nationwide’s bonded liability pursuant to applicable law and terms and conditions of the surety bond.

About You

Education

• Pursuing Juris Doctorate degree from an accredited law school
• Involvement in student activities and/or some work experience

Skills/Competencies

• General understanding of basic analytical and financial techniques preferred.
• Verbal and written communication skills necessary to interact with all levels of internal and external contacts.
• Ability to evaluate and recommend solutions to work-related problems.
• Strong analytical skills
• Effective time management skills and competencies preferred.

Nationwide does not participate in the Stem OPT Extension program. At its sole discretion, Nationwide determines whether to offer sponsorship for qualifying positions based on business need and budget. However, it is not usually available for entry level roles.

Smoke-Free Iowa Statement: Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-2247.

For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf

Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. The national hourly pay range for Nationwide Internships is: $23 - $50