About Arch Insurance InternationalArch Insurance International, part of the Arch Capital Group, is a market-leading insurer located in the UK. We provide a range of property, casualty, and specialty insurance for corporations, professional firms, and financial institutions across the UK, Europe and Internationally, with a significant presence in the Lloydand London Underwriting market.Arch Insurance recognizes the need to be a digital insurer and as such has shifted focus from traditional technology initiatives to agile driven digital initiatives, leading the commercial & specialty insurance space. Arch offers an entrepreneurial work environment that empowers the individual and encourages constant learning and growth.People are at the centre of everything we do at Arch, and we are passionate about investing in the future talent of the insurance industry and providing early career paths where everyone can thrive. Our range of UK early careers programmes include summer internships, commercial insurance apprenticeships and graduate programmes.Summer Internship ProgrammeThe Finance Summer Internship is an 8-week focused placement, targeted to students entering the penultimate year of their undergraduate or graduate education. This will be an opportunity for the intern to embed themselves into the Finance department within Arch to obtain knowledge and professional skills, whilst gaining a comprehensive understanding of the distinct roles within the team.Throughout the 8 weeks you will have the opportunity to:Work collaboratively across the various departments within FinanceDeal with internal and external supplier accountsCreate measurable goals with the line manager to reflect on during the intern period.Networking opportunities both internally and externallyWork independently on projectsKey Tasks & ResponsibilitiesAccounts Payable DutiesProcessing of all supplier invoices in the accounts payable moduleReconcile supplier accounts and resolve differencesDealing with all queries relating to suppliersProcessing of staff expenses on ConcurGeneral Ledger (GL) Reconciliations (e.g. Aged payables, Barclay card, Season ticket loan)Deal with internal and external supplier account queries via telephone or email and resolve queries promptlyAccounts Receivable DutiesWork collaboratively across credit control, cash allocation and underwriting teams to validate and collect debtProvide commentary and where necessary investigating to allow for issue escalationFinance ControlAssist with provide audit listings and reconciliation support to external auditorsRoll forward and update annual report and accountsSummer Internship Programme Skills DevelopedThroughout the Summer Internship Programme, you will receive comprehensive training and support, to develop the following skills:Knowledge and understanding of the finance processes, within the Insurance Industry.Communication & Negotiation Skills ability to adapt your communication style for a variety of audiences.Commercial Thinking understanding of the insurance market and its customers. Regulatory and Compliance awareness.Teamwork ability to work as part of a team.Organizational discipline with ability to work independently using imitative and without guidance.Deliver Results based on defined objectives and timescales.Ability to build and maintain both internal and external professional relationships.Proficient interpersonal, and written and oral communication skillsQualifications & ExperienceExpected\/achieved minimum 2:1 classification in a Finance\/Accounting degree disciplineArch seeks candidates who have excelled in previous work experience, demonstrated outstanding academic and extracurricular achievement, possess strong analytical, quantitative, and interpersonal skills, and are enthusiastic about the insurance industry.Key DatesWednesday 2nd October 2024: Application window opensFriday 24th January 2025: Application window closesSuccessful applicants will be contacted week commencing 27th January 2025 and invited to an online interviewMonday 3 rd February Friday 14th February 2025: Online interviewsSuccessful candidates will be sent offers week commencing 17th February 2025Monday 23rd June 2025 Friday 15th August 2025: Summer Internship