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Summer Intern- Insurance Risk Management

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The Friedkin Group

Sep 8

  • Internship
    Full-time
    Summer Internship
  • Banking & Finance

AI generated summary

  • You must be a rising junior or senior in college with a 3.0 GPA, pursuing a relevant degree, have a valid driver's license, and live in Houston or nearby during the internship.
  • You will handle renewal tasks, analyze captive payments, recommend reserves, learn industry terms, assist with claims processes, and engage in pre-budgeting activities to support risk management.

Requirements

  • - Rising Junior or Senior enrolled in a 4 year Accredited College or University pursuing a degree in Risk Management and Finance (preferred but not required), or related field.
  • - GPA 3.0 or above
  • - Valid Driver's License required.
  • - Intern must reside in the Houston or surrounding areas during the duration of the internship.

Responsibilities

  • Post insurance renewal tasks such as invoice allocation, checking incoming renewal binders.
  • Monthly Business Unit reserve recommendations.
  • Captive payment analysis and Captive Financial Analysis review.
  • Develop Communication skills, learn insurance industry terminology (with inhouse Executive Leadership, Internal and External clients, and Insurers/Underwriters).
  • Work on day to day, large scale claims to better understand exposure and how claims handling process work to develop a company’s risk appetite.
  • Enhance understanding of the correlation between Claims, Financial Reporting, Risk Transfer, and Policy Coverage; and how they work together to meet the needs of an organization.
  • Participate in pre-budgeting process.

FAQs

What type of internship is being offered?

The internship being offered is for a Summer Intern position in Insurance Risk Management.

Where is the internship located?

The internship opportunities are available across various office locations in Houston for The Friedkin Group and its affiliated companies.

What companies are affiliated with The Friedkin Group for this internship?

The affiliated companies include The Friedkin Group, Gulf States Toyota, GSFSGroup, US AutoLogistics, Westside Lexus, Northside Lexus, and Accelerated Solutions Group.

What are the qualifications required for this internship?

Candidates should be rising Juniors or Seniors enrolled in a 4-year accredited college or university pursuing a degree in Risk Management and Finance, or a related field, with a GPA of 3.0 or above.

Is a valid driver's license required for this position?

Yes, a valid driver's license is required.

What will be the primary responsibilities of the intern?

Responsibilities include post insurance renewal tasks, monthly business unit reserve recommendations, captive payment analysis, claims handling processes, and participating in the pre-budgeting process.

Is travel required for this internship?

Minimal travel is required for this position, up to 10% of the time and on a domestic basis.

What is the work environment like for this role?

The work is generally performed in an office environment, but interns may occasionally be exposed to wet or humid conditions, moving mechanical parts, fumes, and outside weather conditions.

Do interns need to reside in the Houston area?

Yes, interns must reside in the Houston or surrounding areas during the duration of the internship.

What benefits are included in the Total Rewards package?

The Total Rewards package includes competitive compensation, medical, dental, and vision insurance, wellness programs, retirement plans, and generous paid leave.

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The Friedkin Group

Beyond the Ordinary

Government
Industry
1001-5000
Employees

Mission & Purpose

Friedkin Group is a diversified holding company with interests spanning automotive, hospitality, entertainment, and real estate industries. Their ultimate mission is to create value for their stakeholders by investing in and managing businesses that deliver exceptional customer experiences and drive long-term growth. The purpose of Friedkin Group is to leverage their expertise and resources to build and sustain successful enterprises while contributing positively to the communities they serve.

Culture & Values

  • We value our associates

    We treat one another with respect. We recognize the dignity and contributions of each individual and the creativity that results from the diversity of individuals and ideas. Our continued success requires taking full advantage of the rich backgrounds and abilities of our Associates and rewarding their achievements. We embrace change as an opportunity to fulfill our potential. We strive to communicate clear expectations to each other as well as how each of us performs. We are committed to an environment of trust, teamwork, challenge and development. We endeavor to communicate with each other in frank, fearless and constructive ways.

  • We deliver customer satisfaction

    We value our customers, whether they are consumers, other businesses or one another. We believe in respecting our customers, appreciating their requirements, understanding their expectations and satisfying them with distinction.

  • We regard our suppliers as essential team members

    We treat our suppliers with the same respect that we show to our customers and Associates. Our suppliers deserve fair treatment and honest feedback on their performance and products.

  • We are accountable for the quality of our work

    We enthusiastically develop and provide superior products and services with distinction. We deliver excellence while constantly seeking ways to improve our knowledge, skills, and the way we perform our jobs both individually and collectively. Each of us is accountable for the quality of whatever we do.

  • We demonstrate integrity in everything we do

    We are personally accountable for the highest standards of integrity. We measure our actions not only by what is legal, but also by the highest standards of ethics that ensure fair and honorable actions. We are responsible, reliable and truthful.

  • We provide leadership as a company and as individuals

    We are all leaders. We are dedicated to achieving excellence through the loyal efforts of talented and enthusiastic Associates. We lead through competence, innovation, teamwork and an eagerness to excel.

  • We create an environment of fun and pride

    We provide a work environment that challenges each of us to excel in all we do. Yet we embrace the necessity for also achieving a high level of happiness and fun in all that we do. We are proud to be part of this organization.