Crum & Forster (United States Fire Insurance Company)

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

Job Locations US-NJ-MORRISTOWN | US-NJ-Remote
Job ID
2025-4219
Category
INTERN
Type
Temporary Employee
Division
Corporate Finance

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

 

If you require special accommodations, please let us know. We value inclusivity and diversity. We are committed to equal employment opportunity and welcome everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status. If you require special accommodations, please let us know

 

 

For California Residents Only:  Information collected and processed as part of your career profile and any job applications you choose to submit are subject to our privacy notices and policies, visit https://www.cfins.com/onlineprivacypolicy/ca/noticeatcollection/  for more information.

 

Crum & Forster is committed to ensuring a workplace free from discriminatory pay disparities and complying with applicable pay equity laws.  Salary ranges are available for all positions at this location, taking into account roles with a comparable level of responsibility and impact in the relevant labor market and these salary ranges are regularly reviewed and adjusted in accordance with prevailing market conditions. The annualized base pay for the advertised position, located in the specified area, ranges from a minimum of $16.00/hr to a maximum of $20.00/hr. The actual compensation is determined by various factors, including but not limited to the market pay for the jobs at each level, the responsibilities and skills required for each job, and the employee’s contribution (performance) in that role. To be considered within market range, a salary is at or above the minimum of the range. You may also have the opportunity to participate in discretionary equity (stock) based compensation and/or performance-based variable pay programs.

 

Options

Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed