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. With a nationwide presence, it strengthens communities and advocates for health, financial security, and personal fulfillment for Americans 50+. AARP also works in the marketplace, offering carefully chosen products and services and producing widely circulated publications (AARP The Magazine and AARP Bulletin).
AARP Innovation Labs (specifically, the AgeTech Collaborative™ or ATC) connects AgeTech startups, investors, enterprises, and testbeds to generate new ideas and products for the global longevity economy (valued at over $45 trillion).
Job Description: Finance Intern at AARP Innovation Labs
This paid internship offers practical experience in business and financial operations within a results-driven, innovative culture. The intern will support the AgeTech Collaborative™ (ATC) team, learning about the AgeTech space and its impact on the longevity economy. The internship is anticipated to start in Spring 2025 and may continue throughout the year.
Responsibilities:
• Procurement and Vendor Management: Apply business acumen and AARP’s procurement policies to establish new vendors, draft contractual agreements (Statements of Work (SOWs), Sponsorship Agreements, Speaker Agreements, etc.), and prepare purchase requests.
• Financial Operations: Ensure timely and accurate payments via check requests, wire transfers, and invoice submissions to accounts payable. Assist with the monthly close process (reviewing results, preparing and reclassifying journal entries) adhering to GAAP (Generally Accepted Accounting Principles).
• Financial Planning & Analysis: Assist in the quarterly forecast and annual budgeting process.
• Collaboration & Partnerships: Facilitate the execution of Memoranda of Understanding (MOUs) with startups in ATC’s Accelerator program.
• Compliance: Ensure compliance with AARP’s Records Management Information Policies regarding contracts and investments.
• General Support: Support the team on other projects as needed.
Qualifications:
• Preference given to MBA students concentrating in finance or accounting.
• Enrollment in an accredited college or university program (undergraduate junior/senior, graduate student, post-doctoral student) or recent graduate in a continuing education program; must remain enrolled throughout the internship.
• Self-starter, adaptable to tight deadlines, results-oriented.
• Proficiency in Microsoft Office Suite.
• Familiarity with ERP (Enterprise Resource Planning) and EPM (Enterprise Performance Management) systems is a plus.
• AARP will not sponsor an employment visa for this position.
Additional Requirements:
• Regular and reliable attendance.
• Professional demeanor and ability to work collaboratively.
• Hybrid work environment (remote Mondays & Fridays, except for essential functions; remote work limited to the US and its territories).
Compensation and Benefits:
• hourly rate: $18 (undergraduates), $21 (graduate students), $28 (Ph.D. candidates).
• Internship is a non-exempt position; no employee benefits.
