Spring 2025
Financial Operations Intern
Posted on 5/4/2025
Shelter Insurance
1,001-5,000 employees
Regional provider of various insurance products
Compensation Overview
$15.15/hr
Columbia, MO, USA
- Demonstrate analytical abilities, excellent math, organizational and statistical skills.
- Written and oral communication skills.
- Experience in Microsoft Excel, including pivot tables and VLOOKUP formulas in order to perform data analysis and reconciliation procedures.
- Demonstrate time management skills and the ability to prioritize to meet frequent deadlines.
- Current Sophomore/Junior/Senior/Grad Student accepted into the Accounting, or related, program at an accredited University.
- Ability to perform the essential functions of the position, with or without a reasonable accommodation.
- Support all teams of the Accounting Department as needed with the primary focus of improving processes and enhancing procedures to increase efficiency and accuracy of our financial information.
- Preferred completion of Accounting I and Accounting II college courses and working knowledge/understanding of GAAP.
Shelter Insurance provides a range of insurance products, including auto, home, life, and business insurance, primarily in the Midwestern and Southern United States. The company operates through a network of over 1,400 professional agents who offer personalized service to meet the specific needs of individual clients, families, and small to medium-sized businesses. Shelter Insurance assesses risk and sells insurance policies, where customers pay a premium in exchange for financial protection against potential losses. The company generates revenue from these premiums and invests them to create additional income. Unlike many larger insurance companies, Shelter Insurance focuses on regional markets and emphasizes personalized service through its dedicated agents. The goal of Shelter Insurance is to provide reliable coverage while remaining profitable and supporting the development of its employees and agents.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Columbia, Missouri
Founded
1946
Simplify's Take
What believers are saying
- Adoption of AI for fraud detection enhances claims processing efficiency and accuracy.
- Partnership with Guidewire aims to transform and improve business operations.
- Recognition as Business of the Year highlights strong community and business reputation.
What critics are saying
- Leadership change with CEO retirement may lead to strategic instability.
- Integration of new technologies like Guidewire may face implementation challenges.
- Participation in Insurance Data Network could expose data privacy and security risks.
What makes Shelter Insurance unique
- Shelter Insurance offers personalized service through a network of over 1,400 agents.
- The company operates primarily in the Midwest and Southern United States, focusing on regional needs.
- Shelter Insurance is a mutual insurer, owned by its policyholders, not shareholders.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Paid Vacation
Unlimited Paid Time Off
Vitality Wellness Program
Flexible Work Hours
Bonus Opportunities
Company News
Solution Deployed to Fight Auto & Property Insurance FraudBOSTON and PARIS, May 7, 2025 /PRNewswire/ -- Shift Technology , a provider of AI-powered decision optimization solutions for the global insurance industry, today announced that Shelter Insurance has gone live on Shift Claims Fraud to help mitigate exposure to auto & property insurance fraud risk. The insurer is also a member of the recently announced Insurance Data Network (IDN).As a mutual insurer, Shelter is owned by its policyholders as opposed to shareholders. As such, the company has long been known for its commitment to customer service and its continuous innovation in the service of delivering exceptional policyholder experiences. Viewing claims fraud as an activity that adversely affects legitimate customers and the insurer's combined ratio, Shelter turned to Shift to help them apply artificial intelligence (AI) to the challenge of finding suspicious claims and determining how best to investigate their veracity."What is insidious about insurance fraud is that it impacts nearly every aspect of the insurance business, from the policyholder experience to profitability to the premiums our insureds pay," Mark Jones, Director of Litigation and SIU, Shelter Insurance. "Through our work with Shift we are able to identify a greater number of suspicious claims, separate them from legitimate claims, thoroughly investigate, and conclude it as quickly, accurately, and fairly as possible. This is incredibly beneficial to the business and our customers."According to industry estimates, P&C claims fraud costs U.S
Shelter Insurance selects Guidewire to transform business operations.
COLUMBIA - Shelter Insurance Companies announced Friday its current president and CEO, Randa Rawlins, will retire, effective April 30, 2024.
Shelter Insurance was named Business of the Year, and Community Outreach Ministries received Community Partner of the Year honors, according to a news release issued last week.