Accounting/Finance Intern - Internal Audit (Summer 2026)

Transamerica•Cedar Rapids, IA

3d•$21 - $21•Hybrid

About The Position

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. 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. 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. 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).

Requirements

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.
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).

Nice To Haves

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

Responsibilities

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.

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
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