Aegon Asset Management Expense Management Intern (Spring 2024) in Cedar Rapids, Iowa
Job FamilyAdministrative Services
Who We Are
Transamerica has been helping people feel better about the future for more than 100 years. We provide investment, retirement, and life insurance solutions to more than 11 million customers throughout the U.S. But the way we see it, our responsibility goes beyond our clients’ accounts. We’re in the business of helping people live well and empowering them to create a better tomorrow through the financial and health-related habits they form today. We help people prepare by providing solutions that consider the whole picture.
What We Do
Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, Employee Benefits, and Financial Assets), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People, Places & Brand; Risk; and Technology).
Job Description SummaryTransamerica has been helping people feel better about the future for more than 100 years, and we’re proud of the trust we’ve earned. But we believe our responsibility goes beyond insurance, investments, and retirement accounts. We’re also in the business of helping people improve their financial and personal well-being, so they can add more years to their lives, and more life to their years.Job Description
What You Will Do: 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.
Applicants must be a US Citizen or permanent resident.
What Success Looks Like:
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.
What You Need:
Ability to work part-time (25+ hours a week)
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.
Our commitment to inclusion & diversity means that we value differences. We encourage the unique perspectives of individuals and are dedicated to creating a respectful and inclusive work environment.
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 rate for this position is set at $19.00.
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 .
Bonus for Eligible Em ployees
Employee Stock Purchase Plan
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 s ervice at the time of birth, placement of an adopted child, or placement of a foster care child.
Employee Assistance Program
College Coach 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
Peer Recognition Program (BRAVO)
Inclusion & Diversity
Transamerica has made a strong commitment to inclusion and diversity, and we are proud to be an organization where all perspectives are valued. Transamerica has earned recognition for its strong efforts year-over-year, including from the Human Rights Campaign’s Foundation Corporate Equality Index, the Diversity Best Practices Inclusion Index, and Seramount’s “100 Best Companies” list.
In addition, as part of Transamerica’s commitment to maintaining an inclusive workplace, the company sponsors 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 and provide a supportive environment for raising diversity awareness and promoting inclusive behavior.
Transamerica believes our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a combination of financial grants and the volunteer commitment of our employees, this foundation supports nonprofit organizations focused on the education, health, and well-being of the communities where we live and work.
Transamerica’s Parent Company
Aegon (http://www.aegon.com/) acquired the Transamerica business in 1999. Aegon’s roots go back more than 175 years to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in the Americas, Europe, and Asia. Today, Aegon is one of the world’s leading financial services organizations, providing life insurance, pensions, and asset management. 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.
Transamerica | Protecting Your Wealth and Health since 1906 (https://www.transamerica.com/)
Aegon Group Corporate Website | Aegon
Transamerica Leadership - Standing For Financial Innovation Since 1906 | Transamerica (https://www.transamerica.com/why-transamerica/leadership)
At Transamerica, hard work, innovative thinking and personal accountability are qualities that we honor and reward. We understand the potential that is unleashed by 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 focused on helping customers secure their long-term financial futures.
Transamerica is a part of AEGON, an international life insurance, pension, and asset management company. The AEGON companies employ approximately 28,000 people and have a strong presence in more than 20 countries across the globe. For more information, visit www.transamerica.com.
For more information about Transamerica’s privacy practices, click here. (https://transamerica.com/sites/default/files/files/e070d/job_app_0123.pdf)