Finance Summer 2019 Internship

  • MEMIC
  • Portland, ME, USA
  • Dec 19, 2018
Intern Accounting Finance

Job Description

MEMIC’s Summer Internship Program identifies college students who want real-world experience that will allow them to gain valuable knowledge and skills within his or her field of study. This opportunity can either be a paid internship or be credited towards the student’s degree. The program will last 11 weeks and begin on June 3rd and end on August 16th. This opportunity will be full-time (37.5 hours per week).

The Finance intern will contribute toward the daily financial operating and compliance activities of the Finance department. The individual should be able to follow previously established procedures and is expected to apply good accounting form, their work will cross-check and be free of technical error. Throughout this internship the incumbent will obtain a broad knowledge of financial accounting, investment accounting, regulatory compliance and financial reporting.

  • Supports Accounts Payable function with aspects of payment processing cycle.
  • Participates in finance specific projects and monthly staff meetings.
  • Prepares excel reconciliations and reports for Insurance entities and real estate entities.
  • Assists in maintenance and organization of digital filing cabinet.
  • Supports tax accountant with federal income tax or premium tax return schedules and support.
  • Prepares assigned regulatory assessment filings in various jurisdictions and communicates with various external state or other regulatory agencies as necessary.
  • Assists with compliance of 1099 database.
  • Assists with tracking and record keeping for abandoned property.
  • Assists in general accounting, billing, reconciliation, and reporting functions of the Company as required for all MEMIC Group Entities.

Requirements

  • Rising Junior or Senior pursuing a Finance, Accounting, Mathematics, Economics or other related undergraduate degree.
  • Must have a minimum GPA of 3.0.
  • Must have a basic understanding of accounting procedures and techniques.
  • Must have the ability to work independently while demonstrating initiative and creativity.
  • Must have the ability to complete projects on a timely basis, identify obvious problems and bring them to the attention of their supervisor.
  • Must have Intermediate Excel skills.