Global Risk & Insurance, Treasury (Beca FUO)

Are you eager to build hands-on experience in global insurance and risk management within a multinational environment?

We are seeking a motivated and detail-oriented Insurance & Risk Intern to support our small Global Risk & Insurance team. The role provides exposure to corporate insurance programs, risk financing strategies, and operational risk processes within a multinational environment.

The intern will assist with insurance renewals, data analytics, risk reporting, and documentation management, gaining hands-on experience in how large organizations manage and transfer risk globally.

IFF is a global leader in flavors, fragrances, food ingredients and health & biosciences. We deliver sustainable innovations that elevate everyday products.

Our Treasury – Global Risk & Insurance function plays a critical role in protecting IFF’s people, assets, and operations worldwide through robust insurance programs, risk financing strategies, and enterprise risk management processes.

The role is based in Oviedo, Asturias (onsite role). Be part of a collaborative, analytical, and international team where together we can achieve greatness and make a real impact. Your potential is our inspiration.

Program details (Beca FUO):

- Duration: 6–12 months (maybe possibility for permanent role)

- Location: Offices in El Vasco, Oviedo (parking available)

- Format: Hybrid – 3 days on site / 2 days remote

- Working hours: Flexible entry between 8:00–10:00 a.m. and exit between 5:00–7:00 p.m. (1‑hour lunch break)

- Monthly allowance: €800 gross

- Eligibility: Studied at the University of Oviedo and graduated from a Bachelor’s or Master’s degree within the last 4 years

- Function: Treasury / Insurance & Risk Management

- Reports to: Director, Risk & Insurance

Insurance Program Support:

• Assist with annual insurance renewals (property, casualty, D&O, cyber, cargo, etc.)
• Support data collection and validation for underwriting submissions
• Help review insurance policies, schedules, and endorsements
• Track certificates of insurance and liaise with internal stakeholders/brokers
• Track insurance premium invoices to ensure timely payment

Risk Management & Analysis:

• Support the development and maintenance of risk registers
• Support the setting up & implementation of an Enterprise Risk Management platform
• Assist in analyzing exposure data (e.g., property values, business interruption, supply chain)
• Contribute to risk assessments and scenario analysis
• Support various projects (e.g. captive/alternative risk financing initiatives)

Data & Reporting:

• Prepare reports and dashboards (Excel / PowerPoint) for internal stakeholders
• Assist with claims tracking and loss analysis
• Support benchmarking and market research (insurance trends, limits, pricing)

Process and systems:

• Work with contract/insurance platforms (e.g., Sirion, Insurer & broker portals)
• Ensure insurance documentation is accurately maintained, organized and easily accessible
• Assist in process improvement and documentation of internal procedures

What Makes You the Right Fit

• Currently pursuing a degree in Finance, Risk Management, Insurance, Economics, Law, Business, or a related field
• Strong analytical and numerical skills with high attention to detail
• Proficiency in Excel (pivot tables and data analysis preferred)
• Good working knowledge of PowerPoint for business presentations
• Strong written and verbal communication skills
• Excellent English language skills
• Well-organized and comfortable working with large datasets and confidential information
• Curious, proactive, and eager to learn about risk and insurance concepts

• Basic understanding of insurance principles or corporate risk management
• Exposure to corporate finance, legal, or risk environments
• Familiarity with data visualization tools such as Power BI or Tableau

• Exposure to global insurance programs and risk strategy
• Hands-on experience with real underwriting data and claims analysis
• Understanding of multinational insurance placement and regulatory considerations
• Interaction with leading brokers, insurers, and internal stakeholders
• Development of technical and commercial risk management skills
• On the job training, supported by regular webinars on a range of risk and insurance topics

We are a global leader in taste, scent, and nutrition, offering our customers a broader range of natural solutions and accelerating our growth strategy. At IFF, we believe that your uniqueness unleashes our potential. We value the diverse mosaic of the ethnicity, national origin, race, age, sex, or veteran status. We strive for an inclusive workplace that allows each of our colleagues to bring their authentic self to work regardless of their religion, gender identity & expression, sexual orientation, or disability.

Visit IFF.com/careers/workplace-diversity-and-inclusion to learn more