Internship, Treasury Services and Operations

Overview

FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM Global helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.

 

Summary:

The FM Global Treasury Services and Operations teams, centralized in Johnston, RI, are responsible for the accurate and timely application of over $4 billion in premium receipts for global Accounts Receivable, the processing of North American Accounts Payable invoices, Corporate Purchasing and Global Car Plans as well as the administration of the global Corporate Travel, T&E and American Express programs.

 

Schedule & Location:

The Treasury Services and Operations intern is a full-time position located at our Corporate Headquarters in Johnston, RI. The start date will be in June 2024 and will run for 10-12 weeks. Hours are 8:30 AM –  5:00 PM Monday through Friday.

Responsibilities

 

• This customer focused role will spend time within each group (Accounts Receivable, Accounts Payable, Corporate Purchasing and Global Car Plans and Corporate Travel/T&E) and assume daily/weekly/monthly tasks as assigned. These tasks will provide experience that prepares you for a full-time position in financial accounting by providing you with real life experience in the following areas:

• Regular interactions with corporate staff, worldwide operations staff, vendors, insureds, brokers, and/or partner insurance companies.
• Compilation, analysis, research, reconciliation and resolution of complex, multi-currency transactions and aggregated data sets.
• Allocation of incoming funds payments.
• Entry of invoices for outbound payment.
• Vendor callbacks to verify banking instructions.
• Import and maintain supporting documentation for A/R and A/P related activities.
• Assist management team with other duties and ad-hoc projects as deemed appropriate.
• Independently arrive at decisions on day-to-day issues and communicate issues to the appropriate manager.

Qualifications

Required Education:

• Pursuing a bachelor’s degree in accounting or finance.
• Must have completed junior year of college prior to start of summer internship.
• GPA of 3.3 or higher.

 

Highly Preferred Experience:

• Internship work experience in an office setting.
• Proven success working on a team leading a project.

 

Required Skills:

• Attention to detail and accuracy.
• Customer focused.
• Strong interpersonal and communication skills.
• Understand different business protocols.
• Strong critical thinking and problem-solving skills.
• Ability to recognize and schedule priorities with limited supervision.
• Proficiency in Microsoft Office; (Excel, Teams, and Outlook in particular).

 

The hiring range for this position is $23.00 per hour. The final salary offer will vary based on individual education, skills, and experience. FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.