Portfolio Analyst Intern (Spring 2027, Summer 2027, and Fall 2027)

Transamerica; Cedar Rapids (IA); Hybrid; USD 25,000 - 33,000; Part time

Benefits offered by this job

Tuition Reimbursement

401k Match

Employee Stock Purchase Plan

Medical Insurance

Dental Insurance

Vision Insurance

Job summary

Transamerica is hiring a Hybrid Portfolio Management Intern for our Cedar Rapids, IA office. The internship runs January 2027 through December 2027, with 15 hours/week during school and 30–40 hours/week in the summer.

You will support Portfolio Analysts, Tactical Portfolio Managers and Strategists, preparing weekly, monthly, and quarterly reports and a monthly client package while gaining exposure to Aladdin and Bloomberg.

Qualifications

• Must be currently enrolled full-time at a college or university pursuing a Business or related degree.
• This internship is not available for students who have completed their undergraduate degree or who will graduate prior to the conclusion of the internship.
• Strong written & verbal communications skills.
• Ability to work independently and as part of a team.
• Detail-oriented
• Reliable, dependable.
• Working knowledge of Microsoft Word, PowerPoint, Excel

Responsibilities

• Assist in supporting Portfolio Analysts, Tactical Portfolio Managers and Portfolio Strategists.
• Create and update portfolio management reports on a weekly, monthly, and quarterly basis.
• Create a monthly client reporting package for all divisions within the company.
• Enhance understanding of the investment industry and economy through various readings, meetings, and projects.
• Developing skills and knowledge of different investment software (e.g. Aladdin and Bloomberg).
• Assist in miscellaneous special projects.

Skills

Strong communication

Team player

Detail oriented

Independent worker

Microsoft Office proficiency

Education

Pursuing a Business or related degree

Tools

Microsoft Word

PowerPoint

Excel

PowerBI

Job description

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.

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.

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

We are looking to hire one hybrid intern in our Cedar Rapids, IA office. The internship is scheduled to begin in January 2027 and end in December 2027. The hourly commitment during the school year is approximately fifteen (15) hours per week, and approximately thirty to forty (30-40) hours per week during the summer.

Position Overview

The Portfolio Management Department consists of Portfolio Managers, Portfolio Analysts, and Portfolio Management Interns with the primary responsibility of supporting the Transamerica General Account portfolio. The interns will assist the Portfolio Analytics Group in providing analytical, organizational and reporting support to the team of portfolio managers and strategists that manage Transamerica’s fixed income portfolios.

Responsibilities

• Assist in supporting Portfolio Analysts, Tactical Portfolio Managers and Portfolio Strategists
• Create and update portfolio management reports on a weekly, monthly, and quarterly basis
• Create a monthly client reporting package for all divisions within the company
• Enhance understanding of the investment industry and economy through various readings, meetings, and projects
• Developing skills and knowledge of different investment software (e.g. Aladdin and Bloomberg)
• Assist in miscellaneous special projects

Required Qualifications

• Must be currently enrolled full-time at a college or university pursuing a Business or related degree
• This internship is not available for students who have completed their undergraduate degree or who will graduate prior to the conclusion of the internship
• Strong written & verbal communications skills
• Ability to work independently and as part of a team
• Detail-oriented
• Reliable, dependable
• Working knowledge of Microsoft Word, PowerPoint, Excel

Preferred Qualifications

• Advanced Excel skills (power query, VBA, etc.)
• Exposure to PowerBI
• Knowledge of economics, economic data, and economic forecasting
• Understanding of finance and fixed income investments
• Ability to develop creative solutions using spreadsheets, databases, analytical software and graphics
• Basic understanding of investments

Working Conditions

• Interns will work hybrid in Cedar Rapids, IA.
• Tuesday, Wednesday, and Thursday will be in office; Monday and Friday will be work from home days.

Rewards & Compensation

In addition to gaining exposure to the financial 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.

Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.

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.

Compensation Benefits

• 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 a focus on climate change and inclusion and diversity.

• As of December 31, 2023