Posted:
10/6/2024, 7:39:13 PM
Location(s):
England, United Kingdom ⋅ London, England, United Kingdom
Experience Level(s):
Internship
Field(s):
Finance & Banking
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
Finance Summer Internship
The Finance Summer Internship is an 8-week focused placement, targeted to students entering the penultimate year of their undergraduate or graduate education. This will be an opportunity for the intern to embed themselves into the Finance department within Arch to obtain knowledge and professional skills, whilst gaining a comprehensive understanding of the distinct roles within the team.
The Summer Internship runs from Monday 23rd June 2025 - Friday 15th August 2025 and is a paid opportunity.
Throughout the 8 weeks you will have the opportunity to:
Work collaboratively across the various departments within Finance
Deal with internal and external supplier accounts
Create measurable goals with the line manager to reflect on during the intern period.
Networking opportunities both internally and externally
Work independently on projects
Key Tasks & Responsibilities
Accounts Payable Duties
Processing of all supplier invoices in the accounts payable module
Reconcile supplier accounts and resolve differences
Dealing with all queries relating to suppliers.
Processing of staff expenses on Concur
General Ledger (GL) Reconciliations (e.g. Aged payables, Barclay card, Season ticket loan)
Deal with internal and external supplier account queries via telephone or email and resolve queries promptly
Accounts Receivable Duties
Work collaboratively across credit control, cash allocation and underwriting teams to validate and collect debt
Provide commentary and where necessary investigating to allow for issue escalation
Finance Control
Assist with provide audit listings and reconciliation support to external auditors
Roll forward and update annual report and accounts
Summer Internship Programme – Skills Developed
Throughout the Summer Internship Programme, you will receive comprehensive training and support, to develop the following skills:
Knowledge and understanding of the finance processes, within the Insurance Industry.
Communication & Negotiation Skills – ability to adapt your communication style for a variety of audiences.
Commercial Thinking – understanding of the insurance market and its customers. Regulatory and Compliance awareness.
Teamwork – ability to work as part of a team.
Organizational discipline with ability to work independently using imitative and without guidance.
Deliver Results – based on defined objectives and timescales.
Ability to build and maintain both internal and external professional relationships.
Proficient interpersonal, and written and oral communication skills
Qualifications & Experience
Expected/achieved minimum 2:1 degree classification in an Accounting/Finance degree
Arch seeks candidates who have excelled in previous work experience, demonstrated outstanding academic and extracurricular achievement, possess strong analytical, quantitative, and interpersonal skills, and are enthusiastic about the insurance industry.
Key Dates
Wednesday 2nd October 2024: Application window opens
Friday 24th January 2025: Application window closes
Successful applicants will be contacted week commencing 27th January 2025 and invited to an online interview
Monday 3rd February – Friday 14th February 2025: Online interviews
Successful candidates will be sent offers week commencing 17th February 2025
Monday 23rd June 2025 – Friday 15th August 2025: Summer Internship
#ArchInsuranceInternational
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
14101 Arch Europe Insurance Services LtdWebsite: https://archgroup.com/
Headquarter Location: Hamilton, Hamilton, Bermuda
Employee Count: 5001-10000
Year Founded: 1995
IPO Status: Public
Last Funding Type: Post-IPO Equity
Industries: Finance ⋅ Financial Services ⋅ Insurance