Internal Audit Intern

Location Toronto, Canada Job type Full-Time Work mode Hybrid Job level Internship & Working Student Job ID 11690 Company Munich Re America Services Employment type Regular Area of expertise Audit, Compliance & Legal

POSITION: Internal Audit Intern (2026 Summer – Toronto, 4 months)

LOCATION: Toronto, ON

DURATION: 4 Months with Part time option thereafter possible

ANTICIPATED START DATE: May 2026

NUMBER OF POSITIONS: 1

APPLICATION DEADLINE: February 8, 2026

The Company

Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.

We're adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Opportunity

The Internal Audit Intern will develop an appreciation of different functional units of the insurance and reinsurance industry (e.g., underwriting, claims, finance, accounting, compliance, systems and technology), benefit from exposure to a variety of senior business leaders engaged in the audit process and gain insight as to what it takes to be an Internal Auditor. Opportunities to participate on audits with experienced senior audit team members will be provided. The day-to-day activities and projects will provide the intern with an opportunity to learn about the internal audit profession and Munich Re organization. They will be able to apply what they learn in the classroom regarding Risk Management/Audit/Accounting/Business Operations and Technology to actual day-to-day operations.

The role is being offered in Toronto, Ontario. Munich Re is operating under a hybrid working model, including an average of 2 days in office/week with the remaining days working from home. Students are expected to relocate to the city in which they work for the duration of their co-op/internship, so they can fully benefit from the full program integration.

The hired intern is expected to work 40 hours per week during the summer term. There is a potential for part-time, of 10 – 15 hours per week during the fall and spring semesters (remote and/or hybrid) depending on work performance, business needs and project continuity considerations.

Responsibilities:

• Perform as a member of the audit team under supervision of the Senior Auditor, and provide support in conducting audits, advisories, and internal control projects
• Participate in audit planning to gain an understanding of the audited area
• Perform audit testing and prepare workpapers to support the testing performed and conclusions reached in accordance with appropriate professional and department standards
• Assist in providing audit status update meetings to stakeholders and work with the Senior Auditor to draft the audit report
• Assist on special projects during the course of internship

Job Requirements:

• Preferred Majors: Accounting, Finance, Information Systems, Risk Management and Insurance
• Anticiated senior undergraduate level (2027 graduate)
• Verbal and written communication skills
• Accuracy and attention to detail
• Ability to work on own initiative
• Excellent interpersonal skills
• Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook, etc.)
• Experience with data analytics and tools a plus
• Minimum 3.0 GPA

Note that this opportunity is open to both current students who are returning to in-class studies upon the completion of the work term, as well as recent graduates who have obtained their degree within the past year.

Our base salary range for this role is between $850 and $1100 per week, plus vacation pay. The salary estimate displayed represents the typical salary ranges for candidates based on the number of relevant co-op terms completed. This role is located in our Toronto office on 390 Bay St, and we operate in a hybrid work model. This job posting is for a new vacancy. We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience.

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Note that only candidates who are selected for interview will be contacted directly.

Thank you for your interest in joining Munich Re.

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.