Fortitude RE
- Sourcing And Procurement Intern - Summer 2025
Sourcing And Procurement Intern - Summer 2025
Operations · Nashville-Davidson, United States
Job description
Fortitude Reinsurance Company Ltd. (Fortitude Re) is one of the world’s leading providers of legacy reinsurance solutions. They work with the world’s leading insurance companies to help them execute comprehensive, transformational solutions for legacy Life & Annuity and P&C lines. Fortitude Re manages a general account of approximately $55 billion across life, annuity, and property & casualty insurance products. The company takes a long-term view on growth and is proud to be backed by a consortium of sophisticated institutional investors led by The Carlyle Group and T&D Insurance Group. Incorporated under the laws of Bermuda on January 1, 2017, Fortitude Re’s roots in the insurance industry and the experience of their leadership go back many decades. Fortitude Re’s leadership team has an average industry tenure of over 20 years, and an impressive track record of successfully managing the most complex legacy liabilities. Their deep insurance experience and proprietary risk modeling capabilities allow them to structure bespoke transactions that benefit both insurance companies and their policyholders. Fortitude Re continues to strengthen its ability to pursue further growth and provide innovative solutions for the global insurance industry. Click here for more information about Fortitude Re.
Be a part of our 9-week Internship Development Program, where you will have the opportunity to apply knowledge gained through your college courses. Becoming a Sourcing and Procurement intern is a great way to enhance your business acumen and gain insight into our industry. Interns are placed into meaningful roles that have an immediate and integral impact on the business. The internship will be based in our Nashville, TN office and will run from June 2, 2025, through August 1, 2025. You must be available for all 9 weeks of the program.
The Sourcing and Procurement Summer Intern will report directly into the AVP, Sourcing and Procurement and will be responsible for partnering with the Procurement and Contracting team, the Accounts Payable team and the Third-Party Risk team to provide support and assistance with their day-to-day functions. This position will be responsible for managing various duties across the lifecycle of third-party vendors. This includes but is not limited to vendor reviews, risk reviews, contract reviews and vendor payment. This role will require attention to detail, organizational skills, and good communication skills to help drive results ensure compliance with our policies and procedures.
What You Will Do:
Third-Party Risk Management (TPRM):
- Reviewing and mitigating daily vendor risk alerts - Daily
- Following up on past due diligence items - Daily
- Assist in risk reporting (analyzing and building) - Monthly
Accounts Payable (AP):
- Clearing "Pending Action" items in Coupa - Weekly
- Follow up on Pending Receipts/Approvals in Coupa - Weekly
- Run reports and create dashboards for expenses and spend - Monthly
Sourcing/Procurement:
- Assist in contract inventory management – Weekly
- Provide support in contract review – Daily
- Assist in supplier management – Daily
- Create reporting on RFP activity - Monthly
What You Will Have:
- The ideal candidate is a rising senior majoring in Finance, Risk Management, Management, Supply Chain Management, or Business Administration
- Strong written and verbal communication skills.
- Flexibility, adaptable to change and fast-paced environments.
- Positive attitude.
- Be detail oriented and highly organized.
- Possess strong research and analytical skills.
- Ability to work independently and collaboratively.
Applicants must be authorized to work for any employer in the U.S. We are unable to consider applicants who will now or in the future require sponsorship for an employment visa.
What We Offer:
We offer our employees competitive benefits in a fast-paced, dynamic and nimble culture including:
- Unlimited PTO policy
- Up to 12 paid company holidays
- Up to 16 hours per year of paid volunteer time
- Competitive 401(k) plan - US Employees Only
- Paid parental leave
- Learning and Development Stipend
- Mental Health and Wellbeing support
- Health, vision, dental, and life insurance with additional access to health and wellness programs
- Flexible working environment
- Actuarial Exam Support through our Actuarial Development Program (ADP) for Actuarial employees
- Actuarial Program Rotation for ADP employees
- For all Actuarial Life AVP and above roles not based out of our Nashville, TN office: 30% travel is required to our Nashville, TN office
At Fortitude Re, we believe that diversity and inclusion are critical to our future and our mission- creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
We are committed to being an equal opportunity employer and evaluate qualified applicants without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, diversity of thought and any other characteristic protected by applicable law.
To all recruitment agencies: Unless you have been requested to work on this position, or other positions with Fortitude Re, please do not forward any resumes to Fortitude Re employees. Fortitude Re is not responsible for any fees related to unsolicited resumes.
Check us out on YouTube: About Fortitude Re (youtube.com)