Summer 2027

Internal Audit Intern

Posted on 9/9/2026

Enact Mortgage Insurance

Enact Mortgage Insurance

201-500 employees

Provides mortgage insurance for lenders

No salary listed

H1B Sponsorship Available

Raleigh, NC, USA

Hybrid

Hybrid schedule at Enact Headquarters in Raleigh.

Bachelor's

Category
Risk & Compliance (1)
Required Skills
Microsoft Office
Word/Pages/Docs
Risk Management
Data Analysis
Excel/Numbers/Sheets

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Requirements
  • Currently pursuing a bachelor's degree in business, accounting, finance, information systems, or another applicable field.
  • Interest in internal audit, risk management, accounting, finance, or financial services.
  • Strong written and verbal communication skills, with the ability to ask thoughtful questions and summarize information clearly.
  • Ability to reason logically, analyze information, and draw appropriate conclusions with guidance.
  • Technology skills, including Microsoft Excel, Word, and PowerPoint.
Responsibilities
  • Assist audit team members with planning, executing, and reporting on audit and advisory projects.
  • Participate in meetings, interviews, and walkthroughs to learn about business processes, risks, and controls.
  • Review process and control documentation and help organize audit evidence.
  • Support the development and execution of audit procedures under the guidance of experienced auditors.
  • Document work performed clearly and accurately in accordance with Internal Audit methodology.
  • Analyze data and other information to support audit testing and identify relevant trends or exceptions.
  • Assist with drafting observations, summaries, and other audit deliverables.
  • Collaborate with Internal Audit team members and business partners in a professional manner.
  • Support departmental initiatives that improve audit processes, tools, and team engagement.
  • Participate in learning opportunities and professional development activities throughout the internship.
Desired Qualifications
  • Coursework or project experience in accounting, auditing, risk management, information systems, or finance.
  • Interest in pursuing a professional certification in the future, such as CPA, CIA, CISA, or a related designation.
  • Experience using Microsoft Excel to organize, analyze, or summarize data.
  • Ability to manage multiple assignments, meet deadlines, and adapt to changing priorities.
  • Ability to present analysis and observations in a clear, organized, and actionable format.
Enact Mortgage Insurance

Enact Mortgage Insurance

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Enact Mortgage Insurance provides mortgage insurance through its subsidiaries, Enact Mortgage Insurance Corporation and Enact Mortgage Insurance Corporation of North Carolina, to help lenders approve more home loans and keep borrowers in their homes. Its product works by offering insurance coverage on mortgage loans, typically enabling lenders to offer loans with lower down payments or better terms while transferring default risk to the insurer. Enact differentiates itself through its deep expertise, insightful offerings, and dedicated service that aims to support lenders and borrowers, including a regional presence via its North Carolina affiliate. The company’s goal is to help lenders put more people in homes and maintain home ownership for as long as possible.

Company Size

201-500

Company Stage

IPO

Headquarters

Raleigh, North Carolina

Founded

1981

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Simplify Jobs

Simplify's Take

What believers are saying

  • 2Q26 insurance-in-force reached $274 billion, and new insurance written rose 19%.
  • Enact raised its quarterly dividend to $0.24 and lifted 2026 returns to $550-$600 million.
  • UAD 3.6 adoption on November 2, 2026 creates workflow demand for Enact guidance.

What critics are saying

  • PMIERs changes phase through September 30, 2026, pressuring capital and investment flexibility.
  • Mortgage insurance revenue depends on housing origination volumes, persistency, and cure performance.
  • Genworth controls Enact's capital actions; another downturn could force dividend cuts.

What makes Enact Mortgage Insurance unique

  • Enact's PMIERs sufficiency stayed 161% in 2Q26, preserving Fannie Mae access.
  • Since its 2021 IPO, Enact returned over $1.8 billion to shareholders.
  • SpringFour partnership gives delinquent borrowers no-cost financial wellness tools, supporting retention.

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Benefits

Hybrid Work Options

Unlimited Paid Time Off

Paid Family Leave

401(k) Company Match

Tuition Reimbursement

Student Loan Assistance

Fitness and Emotional Wellness Reimbursements

40 Hours of Volunteer Time Off

Company News

Yahoo Finance
Aug 6th, 2026
Enact Holdings raises 2026 capital return guidance to $550M–$600M on strong Q2 earnings

Enact Holdings reported adjusted operating income of $177 million, or $1.26 per diluted share, for Q2 2026, up from $1.15 in the prior year quarter. The company raised its 2026 capital return guidance to $550-$600 million from $500 million. New insurance written reached $15 billion, up 19% sequentially and 15% year-over-year, driven by elevated rates and seasonal dynamics. Credit performance remained strong with new delinquencies down 9% sequentially and a loss ratio of 14%. The company launched Enact Loan Level Assistant, a generative AI underwriting tool, to improve risk selection and operational efficiency. Investment income increased 11% year-over-year to $73 million. Enact maintained a PMIERs sufficiency ratio of 151% and returned $127 million to shareholders through dividends and buybacks during the quarter.

Yahoo Finance
Jun 26th, 2026
Guidewire Software leads small-cap picks with 21.7% revenue growth while IBP and ACT face headwinds

Guidewire Software, a technology platform provider for property and casualty insurance companies, stands out as a promising small-cap investment with a market capitalisation of $9.87 billion. The company posted strong annual revenue growth of 21.7% over the past two years, indicating expanding market share. Billings averaged 20.6% growth over the last year, demonstrating robust new contract acquisitions. The company's fast payback periods on sales and marketing expenses enable aggressive customer acquisition. By contrast, Installed Building Products and Enact Holdings face challenges. IBP's 2.4% annual revenue growth over two years lagged peers, with anticipated sales growth of just 1.5% for next year. Enact Holdings experienced flat net premiums earned over five years, with forecasts suggesting stagnant demand ahead.

Yahoo Finance
May 4th, 2026
Enact Holdings reports Q1 earnings tomorrow as peers beat estimates

Enact Holdings, a mortgage insurance provider, will report its Q1 earnings on Tuesday after market close. Analysts expect revenue to grow 1.2% year-on-year, slowing from the 3.9% increase recorded in the same quarter last year. Last quarter, Enact Holdings met revenue expectations with $315.6 million, up 2.1% year-on-year, and beat EPS estimates. However, the company has missed Wall Street's revenue estimates multiple times over the past two years. In the property and casualty insurance segment, peers Stewart Information Services and First American Financial recently reported Q1 results beating expectations, with their shares rising 3.9% and 3.5% respectively. Enact Holdings shares are up 2% over the past month, with an average analyst price target of $45.80 compared to the current share price of $42.62.

Yahoo Finance
Feb 4th, 2026
Enact approves $500M buyback and dividend as mortgage insurer ramps up shareholder returns

Enact Holdings has authorised a new $500 million share repurchase programme and approved a quarterly dividend of $0.21, whilst entering a stock buyback agreement with shareholder Genworth Financial. The announcement follows the company's fourth quarter revenue of $312.71 million and net income of $177.16 million. The mortgage insurance provider's shares currently trade at $40.33, having delivered returns of 22.7% over one year and 92.5% over three years. Management described the moves as part of a disciplined capital management strategy, signalling confidence in the company's balance sheet and operational performance. However, analysts have flagged risks including expectations for declining earnings over the next three years, which could limit buyback benefits. The mortgage insurance sector remains exposed to housing and credit cycles.

Yahoo Finance
Feb 3rd, 2026
Enact Holdings misses Q4 revenue estimates but beats EPS by 11.9%

Mortgage insurance provider Enact Holdings missed Wall Street revenue expectations in Q4 2025, reporting sales of $312.7 million versus analyst estimates of $315.7 million. Revenue grew 1.2% year on year, representing a 0.9% miss. The company's adjusted earnings per share of $1.23 beat analyst expectations of $1.10 by 11.9%. Pre-tax profit reached $223.1 million with a 71.3% margin, whilst book value per share grew 14.8% year on year to $37.66. Enact provides private mortgage insurance enabling lenders to offer home loans with lower down payments. Over the past five years, the company's revenue has grown at a 2.4% compound annual growth rate, though two-year annualised growth improved to 3.4%. Net premiums earned comprise 82.7% of total revenue.