Finance Intern
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Job Description
About AARP and AARP Innovation Labs:
AARP is the nation’s largest nonprofit, nonpartisan organization dedicated to empowering people 50 and older. They focus on improving the health, financial security, and personal fulfillment of Americans 50 and over and their families. AARP also works in the marketplace, offering carefully chosen products and services, and produces widely circulated publications.
AARP Innovation Labs, specifically the AgeTech Collaborative™ (ATC), connects AgeTech startups, investors, enterprises, and testbeds to foster innovation in the $45 trillion longevity economy. They aim to develop new products and solutions that make aging easier.
Job Description: Finance Intern at AARP Innovation Labs
This paid internship offers practical experience in business and financial operations within a large non-profit organization focused on the AgeTech sector. The internship is anticipated to begin in Spring 2025 and may continue throughout the year.
Responsibilities: The intern will support business and financial operations by:
• Procurement and Contracts: Applying AARP’s procurement policies to establish new vendors, draft contractual agreements (Statements of Work (SOWs), Sponsorship Agreements, Speaker Agreements, etc.), and prepare purchase requests.
• Accounts Payable: Ensuring timely and accurate payments through check requests, wire transfers, and invoice submissions.
• Financial Reporting and Analysis: Assisting with the monthly close process (reviewing results, preparing and reclassifying journal entries) in accordance with Generally Accepted Accounting Principles (GAAP).
• Budgeting and Forecasting: Contributing to the quarterly forecast and annual budgeting process.
• Collaboration and Agreements: Facilitating the execution of Memoranda of Understanding (MOUs) with startups participating in the ATC’s Accelerator program.
• Records Management: Ensuring compliance with AARP’s Records Management Information Policies regarding contracts and investments.
• Other Projects: Supporting the team on various projects as needed.
Qualifications:
• Preference given to MBA students concentrating in finance or accounting.
• Enrollment in an accredited college or university program (undergraduate junior or senior, graduate student, or post-doctoral student) or a continuing education program post-graduation; must remain enrolled throughout the internship.
• Self-starter, adaptable to tight deadlines, and results-oriented.
• Proficiency in Microsoft Office programs.
• Familiarity with ERP (Enterprise Resource Planning) and EPM (Enterprise Performance Management) systems (a plus).
• AARP will not sponsor an employment visa for this position.
Additional Requirements:
• Regular and reliable attendance.
• Professional demeanor and ability to work effectively in an open office environment.
• Ability to work in a hybrid work environment (remote work on Mondays and Fridays, except for essential functions). Remote work limited to the United States and its territories.
Compensation and Benefits:
• hourly rate: $18 for undergraduates, $21 for graduate students, $28 for Ph.D. candidates.
• Non-exempt position; not eligible for employee benefits.
