Strategic Initiatives and Risk Management Intern

The Office of Finance and Treasury at Princeton University is offering a unique opportunity to work at the intersection of Strategic Initiatives and Risk Management, where you’ll gain experience in both strategic decision making and innovative problem solving. This role will allow you to collaborate with senior leaders on high-profile projects and initiatives, while learning how to assess, mitigate, and navigate risk at Princeton. Below is additional information about the split position/dual role within these two areas:

Strategic Initiatives, as part of the Office of the Vice President for Finance and Treasurer. Our team:

• Leads the development and implementation of strategic planning and initiatives within the Finance Division in collaboration with the senior team, and across the University in partnership with University leaders.
• Collaborates with University leadership to identify, prioritize, and execute key strategic projects and ensure integration of the division’s strategic planning with University goals and priorities.
• Monitors and report on the progress of strategic initiatives, ensuring alignment with the university's overall mission and goals.

Under the guidance of the Executive Director for Strategic Initiatives, the intern will:

• Assist in the development and execution of strategic initiatives to enhance operational efficiency.
• Collaborate with cross-functional teams to analyze key financial data and provide insights for decision-making in high-profile projects.
• Provide ad-hoc analytical support for finance-related projects, including performance analysis, benchmarking, etc.
• Conduct research and benchmarking to identify best practices and industry trends for improving operational processes and strategies.

Risk Management, as part of the Office of Finance & Treasury.  Our team:

• Oversees the University’s Insurance Program and associated claims
• Provides loss prevention and control advise on insurance related issues
• Manages the University’s Self-Insured Workers’ Compensation Program
• Provides financial oversight for Employee Benefit Plans (excluding Retirement) and the Student Health Plan

Under the guidance of the Risk Management staff, the intern will be exposed to a variety of systems and activities across several different disciplines.  

• Review of Risk Mitigation strategies and how these are utilized by Princeton University. 
• Engagement in contract review process for the review of transfer of risk, determination of adequate insurance requirements and the systems utilized to confirm documentation of the required limits.
• Learning and becoming familiar with the University’s workers’ compensation program, utilizing EHealth platform and other systems for reporting and management of the claims associated with the program.
• Preparing insurance renewal payments, updating the schedule of insurance and policy documentation utilizing the Risk Management Information System.
• Review of Risk Management’s engagement with the Employee and Student Benefit plans.

Qualifications:

Required

• Currently pursuing an Associate or Bachelor’s degree in business administration or related area. 
• Excellent computing skills, including proficiency in MS Excel and PowerPoint.
• Effective time management.
• Excellent attention to detail and commitment to accuracy.
• Ability to work independently and seek advice and guidance when necessary.
• Ability to work with others toward a shared goal.

Preferred

• Previously demonstrated interest in Risk Management and/or Insurance.