This position is a 12-week paid internship located in Bloomington, Indiana. It is offered for a period extending from mid-May through mid-August (exact dates depend on school calendars.) This position includes 401(k) options, an assigned mentor, capstone presentation, and intern events. This position is hybrid but can be changed to accommodate a full work week onsite. When in office, you will also have access to a fitness center and an onsite cafeteria option. A one-time housing stipend will be offered. All internships provide hands-on experience with meaningful projects in the Medical Device Manufacturing Industry.
This internship is focused on providing real world experience on how the insurance and risk management function works within a global organization.
Learn what is involved in renewing an insurance contract. Understand risk transfer through various insurance policies. Learn how a policy responds to a claim and why terms and conditions can predict if coverage exists, or not. Learn how to be a part of a team and have a voice in decision making. Understand how data analytics provides value to an organization. Attend loss control visits by carriers and how their recommendations can affect renewal terms. Network and have a great internship experience.
Specific Job Functions
Assist with annual insurance renewals (over 100 policies)
Update various spreadsheets with data collected for underwriters, departmental leadership, insurance brokers, and entity leadership.
Assist with loss control services, claims adjusters, invoicing, loss runs, and reserves.
Allocate premiums, track historical costs, and update TCOR values.
Monitor loss trends.
Maintain and provide certificates of insurance.
May review a vendor contract for learning purposes only.
Assist with Cook’s record management program.
• All candidates should have an interest in a career in the Life Sciences field, a willingness to take initiative, and an ability to work well individually and with others
• Candidates should be students entering their Junior or Senior year the following fall semester or entering graduate school; candidates who graduate the spring semester before this internship are also eligible
• A minimum GPA of 3.0 is preferred
• All candidates must provide proof of enrollment (including pre-registration certification for the following fall) for consideration
• Multiple disciplines will be considered (e.g., Marketing, Life Sciences, General Business, and Management)