Finance Summer Internships - Branchville, NJ (Hybrid)

At Selective, we don't just insure uniquely, we employ uniqueness. 

Our Business  

Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years. Selective's unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including listing in Forbes Best Midsize Employers in 2023 and certification as a Great Place to Work® in 2023. 

Working at Selective 

At Selective, we don't just insure uniquely – we employ uniqueness. Employees are empowered and encouraged to Be Uniquely You by being their true, unique selves and contributing their diverse talents, experiences, and perspectives to our shared success. Together, we are a high-performing team working to serve our customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs. Employees receive comprehensive total rewards packages - including competitive compensation and performance awards, health benefits, and retirement savings - and professional development opportunities and flexible schedules to support their health, wealth, and well-being.  

Join our team and help make a difference. 

Job Description 

Finance Interns have the chance to join either the Internal Audit, Investor Relations (supporting Investor Relations, Treasury, and Sustainability) or Financial Planning teams. Wherever you land, you’ll be a part of the Finance Department working directly with experienced professionals to gain hands-on, relevant experience. Please note, this is a hybrid position, therefore, applicants must be within commuting distance of our location.   

Job Responsibilities  

• Participate in the preparations for the annual budgeting cycle, providing you with insight into the financial management process of the company. 
• Assist seniors and specialists with operational audits or specific reviews of processes at Selective.  
• Learn about different functions and aspects of the Company and insurance from a risk perspective.    
• You may be assigned ad-hoc projects/tasks related to the audit universe, the database of risks, controls, and more.  
• Help complete detailed process flowcharts.  
• Assist with test work for “key” controls over financial reporting in compliance with the Sarbanes-Oxley Act (“SOX”). 
• Assist on market research, competitive analysis, and strategy projects.
• Analyze and report on peer financial data.
• Assist in the Quarterly Earnings Processes, including but not limited to updating the board presentations and the employee finance presentation.
• Support sustainability work including key projects and external reporting.
• Financial analysis related to cash forecasting, capital management, and other Treasury functions.
• Assisting ad hoc projects like documenting Standard Operating Procedures (SOPs), updating Business Continuation Plan (BCP) procedures, helping on Continuous Improvement initiatives, etc.

Qualifications  

• The ideal candidate will be a critical thinker who can help identify “what can go wrong?” and evaluate management’s activities to prevent and detect those risks.  
• Interest in the Property & Casualty insurance industry.
• Must be a current college student to qualify.  
• Demonstrate an interest in learning about the insurance industry.  
• Experience with Outlook, Excel, Word and PowerPoint is preferred. 
• College credit can be earned depending on your institution’s requirements.  

Interns are paid hourly and compensation starts at $19.00 per hour. If you have a desire to understand the facets of corporate communications and how it supports Selective’s reputation, we would love to meet you. 

Selective is an Equal Employment Opportunity employer.  That means we respect and value every individual’s unique opinions, beliefs, abilities, and perspectives. We are committed to promoting a welcoming culture that celebrates diverse talent, individual identity, different points of view and experiences – and empowers employees to contribute new ideas that support our continued and growing success. Building a highly engaged team is one of our core strategic imperatives, which we believe is enhanced by diversity, equity, and inclusion. We expect and encourage all employees and all of our business partners to embrace, practice, and monitor the attitudes, values, and goals of acceptance; address biases; and foster diversity of viewpoints and opinions. 

Selective maintains a drug-free workplace.