Intern, IFRS 17 Reporting (Morristown, NJ/Hybrid)

Crum & Forster Company Overview

Crum & Forster (C&F), with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus lines insurance companies. C&F enjoys a financial strength rating of "A" (Excellent) by AM Best and is proud of our superior customer service platform. Our claims and risk engineering services are recognized as among the best in the industry.

Our most valuable asset is our people: more than 2000 employees in locations throughout the United States. The company is increasingly winning recognition as a great place to work, earning several workplace and wellness awards, including the 2024 Great Place to Work® Award for our employee-first focus and our steadfast commitment to diversity, equity and Inclusion.

C&F is part of Fairfax Financial Holdings, a global, billion dollar organization.  For more information about Crum & Forster, please visit our website: www.cfins.com.

 

Job Description

Intern - IFRS 17 Reporting

 

Crum & Forster’s Financial Services Group is seeking a motivated intern with a background in accounting or finance to join our IFRS17 Reporting team. This is an exciting opportunity to gain hands-on experience working with the new IFRS 17 accounting standard for insurance contracts. As an intern, you will collaborate with key stakeholders and subject matter experts to deepen your understanding of the business, assist with documentation, reconciliations, testing and provide overall support for IFRS 17 reporting. The ideal candidate is proactive, quick to learn, comfortable in a fast-paced environment, takes ownership of their tasks, and communicates clearly and effectively, both verbally and in writing.

 

What you will do:

• Provide overall support in reporting to ensure compliance with IFRS 17, the new insurance contracts accounting standard, and assist with related projects as directed by our parent company, Fairfax Financial Holdings Limited
• Assist in the preparation of balance sheets and income statements in accordance with IFRS 17 guidelines
• Help with reconciliations between IFRS 4 (previous insurance contracts standard) and IFRS 17
• Assistance with the preparation of files for the overhead expense allocation process
• Aid in preparing the President’s Report which documents and highlights the most significant events that occurred for the quarter
• Aid in gathering and organizing materials for IFRS 17 audit documentation
• Help in updating critical support documents for IFRS 17
• Support testing activities related to system changes or process updates

What you will bring to C&F:

• Pursuing a Bachelor’s degree in any of the following: Accounting, Finance, Business Administration, or related fields
• Intermediate/Strong excel skills (VLOOKUP, Pivot Table, Power BI, SUMIF)
• Strong ability to collaborate and communicate effectively with team members and other departments across the organization
• Capable of clearly sharing ideas, asking insightful questions, and providing regular updates both verbally and in writing
• Open to receiving feedback, taking on new tasks, and adapting to changes in a dynamic work environment
• Excellent analytical and problem-solving abilities
• Capable of managing multiple tasks efficiently in a fast-paced environment
• Strong organizational and time management skills, with exceptional attention to detail
• Ability to take full ownership of tasks and deliver high quality results
• Quick to grasp new business concepts and adapt to new challenges

#LI-MS

#LI-HYBRID

What C&F will bring to you

 

• Competitive compensation package
• Generous 401K employer match
• Employee Stock Purchase plan with employer matching
• Generous Paid Time Off
• Excellent benefits that go beyond health, dental & vision. Our programs are focused on your whole family’s wellness, including your physical, mental and financial wellbeing
• A core C&F tenet is owning your career development, so we provide a wealth of ways for you to keep learning, including tuition reimbursement, industry-related certifications and professional training to keep you progressing on your chosen path
• A dynamic, ambitious, fun and exciting work environment
• We believe you do well by doing good and want to encourage a spirit of social and community responsibility, matching donation program, volunteer opportunities, and an employee-driven corporate giving program that lets you participate and support your community

 

At C&F you will BELONG