Temporary Purchasing Risk Management Intern

4 weeks ago

Holland, United States Magna International Full time
About us

We see a future where everyone can live and move without limitations. That's why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people.

Forward. For all.

Group Summary

The Magna Exteriors portfolio of products includes access systems such as liftgates, exterior trim, modular systems, front-end modules including fascia, active aerodynamic systems and other lightweight structural components for automotive, commercial truck and other industrial markets.

Recognized globally as an innovator in all aspects of vehicle exteriors, Magna provides everything needed, from materials development and design through manufacturing and assembly, to help automakers create sleek, state-of-the-art vehicles across the world.

Overview:

The Purchasing Risk Management Coordinator / Intern will play a crucial role in ensuring vendor compliance with company insurance requirements and will assist in managing certificates of insurance (COIs) to mitigate potential risks. This position offers an excellent opportunity to gain hands-on experience in risk management and procurement processes within a manufacturing environment.

Responsibilities:
  • Review and analyze certificates of insurance (COIs) provided by vendors to ensure compliance with company requirements.
  • Identify discrepancies or deficiencies in COIs and communicate effectively with vendors to obtain the necessary information or documentation.
  • Draft and send professional emails to vendors to request missing or updated insurance certificates.
  • Collaborate with vendors to resolve any issues or concerns related to insurance coverage and documentation.
  • Work closely with the risk management corporate department to ensure alignment with company policies and procedures.
  • Assist in the maintenance and organization of COIs and related documentation.
  • Provide administrative support as needed, including data entry and file management.
  • Participate in training sessions or workshops to enhance knowledge of insurance concepts and industry practices.
Qualifications:
  • 1-3 years of experience in risk management, business administration, finance, or a related field preferred.
  • Strong organizational skills and attention to detail.
  • Excellent written and verbal communication skills in English, with the ability to compose professional emails and correspondence.
  • Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
  • Basic understanding of insurance concepts such as occurrence vs. aggregate coverage is preferred but not required.
  • Ability to work independently and collaborate effectively in a team environment.
  • Prior experience in risk management, purchasing, or administrative roles is a plus.


Duration and Schedule:

This is a full-time administrative position with an expected duration of three (3) months.

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