Global Insurance Summer Intern
Do you want to apply your Insurance and Risk Management classroom education and knowledge inside the risk management department of a Fortune 500 company while enjoying all the activities, events and cultural experiences that the Washington DC area has to offer? Headquartered in Arlington, VA, the AES Corporation (NYSE: AES) is a global power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 14 countries. Our workforce is committed to operational excellence and meeting the world’s changing power needs.
Our Mission
Improving lives by accelerating a safer and greener energy future.
Our Core Values
o Safety First
Safety is at the core of everything we do. We always identify potential risks to our people, contractors, customers, partners and communities, and measure success by how safely we conduct our work together while contributing to a greener energy future.
o Highest Standards
We act with utmost integrity towards our people, contractors, customers, partners and communities, and hold the solutions we deliver together to global standards of excellence.
o All Together
We work as one team across our business and with our people, contractors, customers, partners and communities. We meet changing customer needs with agility and have fun solving meaningful challenges as a team.
We strive to be the best in all that we do and to perform at world-class levels. As part of the Finance group, the Global Insurance Department is responsible for insurance procurement, providing risk management solutions, contractual risk management advisory, and risk financing strategies on behalf of and in collaboration with our global businesses. The department’s goal is to contribute to the financial success of all AES businesses by helping them manage their total cost of risk. The department is here to support all AES business’ endeavors, from early development, through
the construction phase and to project retirement. Through Property captive insurance program, the department provides superior coverage and services to AES businesses at local market prices. The Global Insurance Department works closely with in-country Insurance Managers to
identify opportunities to leverage our collective purchasing power to achieve further administrative efficiencies, cost reductions and improvements in insurance coverages and services. The Global Insurance team is located in Arlington, London, and Buenos Aires.
Responsibilities:
o Assist with the US Casualty, Global Property, and U.S. Financial Professional insurance
renewals including:
o Assembling renewal information from local contacts
o Participating in underwriting meetings with the insurance markets when possible
o Assisting in review of final issued policy documentation
o Assist the development and construction team with assembling information from local
contacts in order to standardize contractual risk management forms
o Compile risk data on the AES businesses and insurance programs
o Analyze data and assist in the production of risk and upper level management reports
o Assist in the refinement of internal spreadsheets that house the risk data
o Support our department’s work stream which is the continued consolidation of our global
insurance programs.
o Identify strategies for improved efficiencies in data and documentation collection, storage
and analysis.
o Attend local Risk Management and Insurance Management Society, Inc. (RIMS) meetings
along with the Global Insurance team.
Qualifications:
o Pursuing a BBA with a concentration in Risk Management, Insurance
or/and Actuarial Risk/Analysis
o Prefer GPA of 3.0 or higher
o Prefer rising junior or senior, but will consider other class levels
o Demonstrated self-motivation and ability to focus in an open workspace office environment
or if working from home
o Ability to work independently under minimum supervision
o Ability to contribute in a team environment
o Comfortable in a fast-paced environment and dealing with ambiguity
o Proficient in Excel and PowerPoint
o Strong verbal, written communication and interpersonal skills