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.

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:

  • 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).

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.

  • This opportunity is full-time hours meaning that interns will work approximately 40 hours a week during normal business hours, Monday - Friday.

Compensation:

The salary for this position is $21.00 per hour.  Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law. Full-time interns will receive an intern allowance to cover costs of relocation including housing, mileage, and travel expenses.

Sponsorship:

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.

Disclaimer:
Beware of fake job offers!

We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:

  • We will never request personal information such as ID or payment for equipment upfront.

  • Official offers are sent via DocuSign following a verbal offer—not through text or email.