Internal Audit Intern

Full Time

Administration

United States

Transamerica 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. Are you looking for an opportunity to take your collegiate accounting/finance/business analytics coursework and apply it in a fast-pace business environment? Do you have a desire to learn new processes and technologies? Are you interested in learning under Accounting and Finance professionals while working alongside them to find innovative solutions?

What You Will Do:

In this internship, you will have the opportunity to be part of the Internal Audit team at Transamerica working on real business problems. The successful candidate will be available to work full-time throughout the spring semester, allowing them to take the knowledge from the classroom and apply it to a real-world setting. If you’re self-driven and able to see opportunity in change, you can make a real difference within our business. You will build relationships with key leaders and team members in all areas of finance and accounting.

What Success Looks Like:

By working collaboratively with others, interns are responsible for but not limited to:

• Assist in identifying controls, assessing control design, testing control effectiveness, and concluding on the control environment.

• Attend interviews with client personnel and support walk-throughs to evaluate controls.

• Create flowcharts, write narratives, and provide recommendations on controls based on information obtained through client interviews.

• Assist in identifying and escalating potential issues to audit lead.

• Assist in preparing audit observations and make practical, value-added recommendations to improve the business risk profile, enhance management practices, and increase operation efficiency/effectiveness.

• Assist in supporting external audit-related projects by completing assigned tasks.

• Follow established audit methodology and practice guides.

• Assist other staff auditors.

Learning Outcomes:

• Gain exposure to Transamerica’s rich culture by collaborating with a team of experts while learning about the financial services and audit function including internal audit methodology.

• Develop an understanding of providing independent assurance around processes and controls.

• Learn to serve in an advisory capacity across the enterprise for key initiatives, new processes, and management requests.

• May work on audits that provide exposure to insurance business operations (e.g. claims, product pricing, agent commissions).

• May work on audits that provide exposure to actuarial and finance processes and accounting standards (e.g. IFRS and NAIC accounting standards and Sarbanes-Oxley regulations).

What You Need:

• Ability to work full-time (40 hours a week) and go into the Cedar Rapids office at least 2 times a week.

• To qualify for an internship, applicants must be currently enrolled at a college or university pursuing a bachelor’s degree in Accounting, Finance, or other related analytical programs. Internships are not available for students who have completed their college education or who will graduate prior to the conclusion of the internship.

• Familiar with technical concepts related to mainframes, databases, and information security a plus

• Strong written and verbal communication skills.

• Ability to work independently and as part of a team.

• Analytical and problem-solving skills.

• High attention to detail with strong organizational skills to perform multiple assignments.

• Working knowledge of Microsoft suite of products (Microsoft Word, PowerPoint, and Excel).

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.

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 rate for this position is set at $19.00.

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