Expense Management Intern (Summer 2027)

Transamerica Corporation; Cedar Rapids (IA); On-site; USD 25,000 - 33,000; Full time

Benefits offered by this job

Competitive Pay

Bonus for Eligible Employees

Benefits Package

Pension Plan

401k Match

Tuition Reimbursement

Health Insurance

Paid Time Off

Job summary

Transamerica Corporation in Cedar Rapids, IA is seeking an Expense Management Intern to support the department’s reporting, oversight, and forecasting activities within the Finance organization. You will work with large financial datasets, perform monthly expense reporting, assist with variance analysis, and help manage data for budgeting and forecasting processes using Excel, Tableau, and Alteryx.

The role offers an hourly wage of $21 and a comprehensive benefits package; candidates should be

Qualifications

• To qualify for an internship, applicants must be currently enrolled at a college or university pursuing a business analytics, accounting, finance, or other analytical-type degree.
• Internships are not available for students who have completed their college education or who will graduate prior to the conclusion of the internship.
• Working knowledge of Microsoft suite of products (Microsoft Word, PowerPoint, and Excel)
• Strong written and verbal communication skills.
• Ability to work independently and as part of a team.
• Analytical and problem-solving skills.
• Preferred knowledge of SQL, but not required.
• Preferred knowledge of Alteryx & Tableau, but not required.

Responsibilities

• Work with large data sets from various systems to analyze results and help team understand financial implications
• Extract, transform, & load data using data management tools (may include Excel, Tableau, Alteryx)
• Perform financial analysis and evaluate monthly forecast updates
• Assist in monthly/quarterly expense reporting for management
• Support monthly close process for amortization and capitalization entries
• Engage across Expense Management team to learn of all roles and responsibilities within the organization
• Attend intern events and other networking opportunities

Skills

Analytical thinking

Communication

Teamwork

Problem-solving

Education

Pursuing business analytics, accounting, finance, or similar analytical degree

Tools

SQL

Alteryx

Tableau

Excel

Job description

Job Family Administrative Services

About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests. Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

Who We Are

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life. Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them. We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.

What We Do

Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs. Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide. For more information, visit transamerica.com.

Job Description Summary

Internships are short-term work experiences for a designated period of time that allow college students the opportunity to observe and participate in the professional work environment, to explore how his/her interests relate to possible careers, and to gain practical experience in an industry relating to their field of study.

Job Description

This role will support the Expense Management team’s reporting, oversight, and forecasting activities. The Expense Management team at Transamerica is responsible for helping the company determine funding and resource needs and priorities, identifying trade-offs, and providing financial analysis to ensure spend targets are met. Intern responsibilities will include assisting in monthly expense reporting, contributing to variance analysis for actual spend compared to budget, and helping to manage data for budgeting and forecasting processes. Intern will have the opportunity to work with large financial datasets and may apply Business Analytics knowledge (data management, data modeling, BI product maintenance and/or development) to support the team.

Responsibilities

• Work with large data sets from various systems to analyze results and help team understand financial implications
• Extract, transform, & load data using data management tools (may include Excel, Tableau, Alteryx)
• Perform financial analysis and evaluate monthly forecast updates
• Assist in monthly/quarterly expense reporting for management
• Support monthly close process for amortization and capitalization entries
• Engage across Expense Management team to learn of all roles and responsibilities within the organization
• Attend intern events and other networking opportunities

Qualifications

• To qualify for an internship, applicants must be currently enrolled at a college or university pursuing a business analytics, accounting, finance, or other analytical-type degree.
• Internships are not available for students who have completed their college education or who will graduate prior to the conclusion of the internship.
• Working knowledge of Microsoft suite of products (Microsoft Word, PowerPoint, and Excel)
• Strong written and verbal communication skills.
• Ability to work independently and as part of a team.
• Analytical and problem-solving skills.
• Preferred knowledge of SQL, but not required.
• Preferred knowledge of Alteryx & Tableau, but not required.

Rewards & Compensation

In addition to gaining exposure to thefinancial services and insurance industry, students gain access to intern exclusive events and networking opportunities throughout the summer while receiving a competitive compensation.**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.** The hourly wage for this position is $21 per hour. This range is an estimate, based on potential qualifications and operational needs. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well‑being of our employees.

• Competitive Pay
• Bonus for Eligible Employees
• Benefits Package
• Pension Plan
• 401k Match
• Employee Stock Purchase Plan
• Tuition Reimbursement
• Disability Insurance
• Medical Insurance
• Dental Insurance
• Vision Insurance
• Employee Discounts
• Career Training & Development Opportunities
• Health and Work/Life Balance Benefits
• Paid Time Off starting at 160 hours annually for employees in their first year of service.
• Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
• Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
• Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
• Adoption Assistance
• Employee Assistance Program
• Back-Up Care Program
• PTO for Volunteer Hours
• Employee Matching Gifts Program
• Employee Resource Groups Inclusion and Diversity Programs
• Employee Recognition Program
• Referral Bonus Programs
• Inclusion & Diversity

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.

Giving Back

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.

Transamerica’s Parent Company

Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe. It offers investment, protection and retirement solutions always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with focus on climate change and inclusion and diversity.

For more information, visit www.transamerica.com.

* As of December 31, 2023 At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests. Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

* For more information, visit transamerica.com.

* As of December 31, 2022 For more information about Transamerica’s privacy practices, click here.