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Investment Accountant Internship

Overview

FM 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 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 Investment Accounting team is responsible for controls, financial reporting, and analysis of the invested assets for both US GAAP and Statutory purposes. 

 

Schedule & Location:

The Investments Accountant Internship position is full-time and is 37.5 hours per week, Monday through Friday for 10-12 weeks May through August. This is an on-site position in Waltham, MA with occasional travel to Johnston, RI as needed to cross-train in FP&A. 

 

Responsibilities

This role will provide experience that will prepare you for a full-time position in financial reporting by providing you with real life experience in the following areas:

 

  • Preparation of financial analysis for worldwide business units
  • Using technology such as power automate to replace manual processes
  • Regular interactions with investment operations and corporate staff functions
  • Aggregation of data from third party service providers
  • Assist in other duties as deemed appropriate by your manager
  • Preparation reports used in the directors’ meetings

Qualifications

Required Education:
  • Pursuing a bachelor’s degree in accounting or finance
  • Junior or senior student 
  • GPA of 3.0 or higher

 

Highly Preferred Work Experience:

  • Internship work experience or consistent work experience in a team environment

 

Required Skills:

  • Attention to detail and accuracy
  • Customer focused
  • Strong interpersonal and communication skills
  • Strong critical thinking and problem-solving skills
  • Proficiency in Microsoft Office

 

Highly Preferred Skills:

  • Proficiency with PeopleSoft
  • Experience with business analytics and financial statement analysis

 

The hiring range for this position is $23.00-$24.00 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.

Average salary estimate

$48880 / YEARLY (est.)
min
max
$47840K
$49920K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Investment Accountant Internship, Factory Mutual Insurance Company

Kickstart your finance career with an Investment Accountant Internship at FM Global in Waltham! As a leading property insurer for some of the largest businesses globally, FM Global offers a unique opportunity to dive deep into financial reporting and analysis. In this full-time internship, you will be part of the dynamic Investment Accounting team, which plays a crucial role in managing financial controls and reporting for invested assets. Over a 10-12 week period, you will be immersed in real-world applications, preparing financial analyses for business units worldwide and gaining hands-on experience with advanced technologies like Power Automate. You'll have the chance to work closely with investment operations and corporate staff, enhancing your teamwork skills and gaining invaluable insights into the financial sector. As a requirement, you should be pursuing a bachelor’s degree in accounting or finance, ideally being in your junior or senior year with a GPA of 3.0 or higher. Strong attention to detail, interpersonal skills, and proficiency in Microsoft Office are essential, while experience with PeopleSoft or financial statement analysis is a big plus. This on-site internship, taking place primarily in Waltham with occasional travel to Johnston, RI, offers not just a rewarding role but also a competitive hourly wage of $23.00-$24.00. If you're eager to learn and ready to make an impact, then this opportunity at FM Global is for you!

Frequently Asked Questions (FAQs) for Investment Accountant Internship Role at Factory Mutual Insurance Company
What responsibilities will an Investment Accountant Intern at FM Global have?

As an Investment Accountant Intern at FM Global, you will be engaged in preparing financial analyses for worldwide business units, utilizing technologies like Power Automate to streamline processes, and aggregating data from third-party service providers. Your role involves regular interactions with investment operations and corporate staff, as well as assisting with additional duties assigned by your manager. This hands-on experience is designed to prepare you for future opportunities in financial reporting.

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What qualifications are required for the Investment Accountant Internship at FM Global?

To be eligible for the Investment Accountant Internship at FM Global, you should be pursuing a bachelor's degree in accounting or finance and ideally be in your junior or senior year with a GPA of 3.0 or higher. While previous internship experience is preferable, your success in a team environment and possessing strong communication, analytical, and problem-solving skills are also crucial for this role.

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What skills should I have to excel as an Investment Accountant Intern at FM Global?

Successful candidates for the Investment Accountant Internship at FM Global should exhibit a keen attention to detail and accuracy. Strong interpersonal and communication skills are important, as you'll be working with various teams. Furthermore, having proficiency in Microsoft Office is essential, and familiarity with PeopleSoft, business analytics, and financial statement analysis can provide you with a competitive edge.

Join Rise to see the full answer
Is the Investment Accountant Internship at FM Global paid?

Yes, the Investment Accountant Internship at FM Global is a paid position. The hiring range for this role is set between $23.00 and $24.00 per hour. Your final salary offer will depend on your individual education, skills, and experience, ensuring that you are compensated fairly for your contributions during the internship.

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What is the duration and schedule for the Investment Accountant Internship at FM Global?

The Investment Accountant Internship at FM Global is a full-time role that lasts for 10-12 weeks during the summer, from May through August. You will work 37.5 hours per week, Monday through Friday, gaining a comprehensive introduction to the field of financial reporting and analysis while being based primarily in Waltham, MA.

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Common Interview Questions for Investment Accountant Internship
Can you explain your understanding of investment accounting?

Investment accounting involves the recording, tracking, and management of financial assets held by an organization, focusing on performance measurement and risk management. To answer this question effectively, you should highlight concepts such as asset valuation, financial reporting standards, and the importance of accurate record-keeping in maintaining the integrity of financial statements.

Join Rise to see the full answer
What tools and software are you familiar with that would be beneficial for the Investment Accountant Internship?

In the internship, proficiency in Microsoft Office, particularly Excel for financial analysis and reporting, is vital. It's advantageous to mention any experience with accounting software such as PeopleSoft, as well as analytics tools that can assist in financial data analysis. Discussing how you've utilized these tools in academic projects or previous internships can strengthen your answer.

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How do you handle tight deadlines in a financial environment?

Handling tight deadlines requires effective time management, prioritization, and clear communication. Outline a specific example from past experiences where you successfully met a deadline, emphasizing your organizational skills and how you collaborated with team members to achieve your goals while delivering quality work.

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Describe a time when you had to analyze financial data. What was your approach?

Discuss a project or academic assignment where you analyzed financial data. Explain your method for gathering data, the analytical tools you employed, and how you interpreted the results. Be sure to mention any insights you gained from the data analysis and how it informed decision-making or recommendations.

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What motivates you to pursue a career in accounting and finance?

Emphasize your passion for numbers and problem-solving, as well as the fulfillment you derive from helping organizations manage their financial health. Share specific interests within accounting and finance that inspire you, whether it's financial reporting, risk analysis, or investment management, to demonstrate your motivation and enthusiasm.

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How would you describe your attention to detail?

Attention to detail is crucial in accounting; demonstrate this by referencing specific instances where meticulousness led to positive outcomes. You can mention how you double-check your work, utilize checklists, or seek peer reviews to ensure accuracy, illustrating that you understand the importance of precision in financial reporting.

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Can you provide an example of how you work effectively in a team setting?

Detail your experience working in teams, highlighting a project where collaboration was essential. Discuss your role, how you contributed to the team's success, and any challenges you faced and overcame together. This will showcase your interpersonal skills and readiness to engage with coworkers at FM Global.

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What do you know about FM Global and its work in the insurance industry?

Demonstrating knowledge about FM Global's history, core values, and its leadership in engineering-based risk management will impress interviewers. Be prepared to mention specific services and solutions FM Global provides to its clients, as well as your interest in being a part of an organization recognized for its commitment to innovative risk management.

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What are your long-term career goals in accounting or finance?

Share your aspirations related to accounting or finance, making sure to relate them back to what you hope to learn during your internship at FM Global. Whether it’s gaining expertise in investment analysis or pursuing certifications like CPA, expressing your ambition will demonstrate to interviewers your commitment to personal and professional growth.

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Why should we choose you for the Investment Accountant Internship at FM Global?

In your response, focus on your unique skills, experiences, and passion for the finance industry. Highlight relevant coursework, any prior internships or experiences that align closely with the responsibilities of the role, and your eagerness to contribute to FM Global's success while also learning from the team.

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EMPLOYMENT TYPE
Internship, on-site
DATE POSTED
March 27, 2025

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