Finance Intern
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Job Description
About AARP Innovation Labs:
AARP is the nation’s largest nonprofit, nonpartisan organization dedicated to empowering people 50 and older. AARP Innovation Labs connects leading AgeTech startups, investors, enterprises, and testbeds to generate new ideas and products for the global longevity economy (valued at over $45 trillion). AARP also produces the nation’s largest-circulation publications, AARP The Magazine and the AARP Bulletin.
Job Description: Finance Intern
AARP Innovation Lab’s Finance Team seeks a finance intern to support business and financial operations within the AgeTech Collaborative™ (ATC). This paid internship offers practical experience in a results-driven, innovative environment. The internship is anticipated to begin in Spring 2025 and may continue throughout the year.
Responsibilities:
• Procurement and Contract Management: Applying AARP’s procurement policies to establish new vendors, draft contractual agreements (Statements of Work, Sponsorship Agreements, Speaker Agreements, etc.), and prepare purchase requests.
• Accounts Payable and Payment Processing: Ensuring timely and accurate payments by preparing check requests, wire transfers, and invoice submissions.
• Financial Reporting and Analysis: Applying GAAP while assisting with the monthly close process (reviewing results, preparing and reclassing journal entries).
• Budgeting and Forecasting: Assisting in the quarterly forecast and annual budgeting process.
• Memorandum of Understanding (MOU) Facilitation: Facilitating the execution of MOUs with startups participating in ATC’s Accelerator program.
• Records Management: Ensuring compliance with AARP’s Records Management Information Policies for contracts and investments.
• Additional Projects: Supporting the team on other projects as needed.
Qualifications:
• Preferred: Enrollment in an MBA program with a finance or accounting concentration.
• Required: Enrollment in an accredited college/university (rising undergraduate junior or senior, graduate student, or post-doctoral student) and maintaining enrollment throughout the internship; OR, previous college graduation and enrollment in a continuing education program.
• Required: Self-starter, adaptable to tight deadlines, results-driven, proficient in Microsoft Office.
• Plus: Familiarity with ERP and EPM systems.
Compensation and Benefits:
• hourly rate: $18 (undergraduates), $21 (graduate students), $28 (Ph.D. candidates).
• Internship is a non-exempt position and does not include employee benefits. AARP will not sponsor an employment visa for this position.
Work Environment: Hybrid (in-office/remote), with Mondays and Fridays typically remote (except for essential functions). Remote work is limited to the United States and its territories.
