Summer 2025

Early Careers: Intern Conversion Only – Corporate Risk and Broking Graduate Development Program-Fin…

2026

Posted on 8/7/2025

Tranzact

Tranzact

1,001-5,000 employees

Insurance marketplace with analytics and agents

Compensation Overview

$36 - $40/hr

+ Overtime

No H1B Sponsorship

New York, NY, USA

Hybrid

US Citizenship Required

Category
Finance & Banking (3)
, ,
Required Skills
Python
SQL
Risk Management
Marketing
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Must have completed a WTW summer 2025 internship
  • Able to work legally in the United States indefinitely and without Visa sponsorship
  • Bachelor’s degree with a minimum of 3.0 GPA
  • Preferred Majors: Risk Management, Business, Finance, Economics, Accounting, Liberal Arts, Geology (BS), Environmental Geology (BS), International Business, Political Science
  • Date of Graduation between May 2025 – May 2026
  • Proficient in Microsoft Office Suite
  • Intermediate to advance Excel skills
  • Demonstration of strong time and task management skills
  • Ability to take direction, receive constructive feedback and deliver accurate work product
  • Relationship management and customer focus; ability to interface with customers and collaborate internally with teammates to serve customers
Responsibilities
  • Gather information and analytics to assess and evaluate client risks to support the placement of client risks into the market
  • Check policies, and aides brokers & senior brokers in file management
  • With the support of more experienced brokers prepare draft submission documents and finalize submissions for delivery
  • With support of more experienced brokers review carrier indications against specifications and develop side-by side comparisons
  • With support of more experienced brokers prepare program proposals
  • With support of more experienced brokers, develop client and prospect presentations to secure new, and build on existing, relationships
  • Assist on any deliverables for Client Renewal or Anniversary Strategy Meetings & RFPs
  • Research market solutions to learn how to identify and develop optimum risk solutions for clients
  • Research news and emerging geopolitical risks relevant to our client and prospects
  • Assist with revising or creating marketing collateral
  • Support broking team with marketing campaigns and prospect identification
  • Facilitate initial introductions to carrier and trading partners
  • Begin your understanding of core insurance principles and brokerage concepts
  • Ensure that quality and compliance procedures and processes are adhered to.
  • Record and maintain all information accurately on the appropriate systems, including initial introduction to and utilization of Broking Platform, CRM, Eclipse .
  • Assist team in premium and revenue payment tracking and follow up
  • Obtain the required insurance license within ninety (90) days of your date of hire
  • You must also obtain and maintain an active surplus lines license for your resident state within 120 days of either: (a) your date of hire, if you already hold a resident state insurance license upon your date of hire; or (b) within 120 days of obtaining your resident state insurance license, if you do not already hold a resident state insurance license upon your date of hire (if necessary)
Desired Qualifications
  • Experience with insurance brokerage or risk management
  • Knowledge of regulatory and compliance standards in insurance industry
  • Ability to work in a fast-paced environment and manage multiple tasks simultaneously
  • Strong analytical and modeling skills with proficiency in data analysis tools
  • Demonstrated teamwork and collaboration across cross-functional teams
  • Willingness to travel as needed for client meetings and market visits

Tranzact runs a marketplace for distributing direct-to-consumer insurance products. It connects customers with suitable policies through a large network of more than 900 sales agents, using advanced analytics and lead optimization to generate and route insurance leads across multiple marketing channels. Revenue comes from commissions and fees on policy sales facilitated by its platform. The company differentiates itself with a data-driven approach, a broad agent network, and a focus on brand visibility for its partners, aiming to deliver tailored insurance solutions to customers while driving policy sales for insurers.

Company Size

1,001-5,000

Company Stage

Acquired

Total Funding

$632.4M

Headquarters

Fort Lee, New Jersey

Founded

1997

Simplify Jobs

Simplify's Take

What believers are saying

  • GTCR acquisition at $632.4 million enables tech scaling under existing management.
  • Recognize's digital investment boosts TRANZACT's marketing and analytics.
  • Data-driven personalization deepens reach in Medicare Advantage markets.

What critics are saying

  • GTCR's debt financing burdens TRANZACT with high interest payments now.
  • Recognize overhaul disrupts 900-agent network, dropping leads 20-30% soon.
  • NY DFS Regulation 205 halts 25% of TRANZACT campaigns in Q2 2026.

What makes Tranzact unique

  • TRANZACT's Anhelo platform uses Spanish-speaking agents for Hispanic insurance access.
  • Tandem by TRANZACT extends member engagement directly to carriers.
  • TRANZACT manages over one million active Medicare and life policies.

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Benefits

Hybrid Work Options

Flexible Work Hours

Company News

CSIMarket
Jan 2nd, 2025
WTW Sells TRANZACT to GTCR, Recognize

WTW has completed the sale of TRANZACT to GTCR and Recognize, marking a strategic shift to focus on core advisory and broking services. TRANZACT, known for its insurance technology solutions, will benefit from GTCR's expertise in scaling tech businesses and Recognize's digital services investment. This move aligns with WTW's strategy to adapt to market changes and enhance client service. The transaction is expected to streamline WTW's operations and support TRANZACT's growth under new ownership.

Recognize
Oct 1st, 2024
Recognize and GTCR to Acquire TRANZACT - Recognize

Innovative Leader in Insurance Distribution and Marketing Services to be Run by Existing Management Team,...

INACTIVE