Financial Data Engineer Intern (Summer 2024)

Job Family

Administrative Services

About Us 

 

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.  

 

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there. 

    

Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers.* For more information,  visit www.transamerica.com. 

 

Who We Are 

  

Transamerica has been making financial services available to the many, not just the few, for more than 100 years. We’re a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States. Transamerica’s dedicated professionals focus on helping people live their best lives through saving, investing, and protecting their loved ones. Transamerica is dedicated to building America’s leading middle market life insurance and retirement company, providing a broad range of quality individual life insurance policies, workplace supplemental insurance benefits, workplace retirement plans, individual retirement accounts, and investment products, including mutual funds, annuities, stable value solutions, as well as investment management services. 

 

What We Do 

 

Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, and Employee Benefits), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People and Places; Brand; Corporate Affairs; Risk; and Technology). 

Job Description Summary

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.

Job Description

The Financial Data Engineer Intern will assist with the integration of asset, derivative and liability models to provide valuation, forecasts, and strategy projections for business lines.  They will assist with the automation of existing processes and introduce new methods to improve forecasts and increase first turn quality of results.

Responsibilities:

• Code using Python and/or SQL.
• Optimize business performance by enhancing the alignment between business processes and IT, building and sustaining a process-managed Asset and Liability Management (ALM) organization.
• Focus on the human, organizational and value stream aspects of business processes and their transformation.
• Collect and analyze process data to initiate, develop and recommend business practices and procedures that focus on improved analytics, increased productivity and reduced cost.
• Implement automated processes for all aspects of ALM, including investment analytics, trade processing and hedge design.
• Analyze and measure the effectiveness of existing business processes and develop sustainable, repeatable, and quantifiable business process improvements.
• Collaborates with IT, Finance, Actuarial and other areas throughout the firm to ensure that ALM processes are compatible with firm objectives and technology environment.
• Determine how new information technologies can support reengineering business processes.
• Help to reengineer legacy processes without disrupting business as usual.

Qualifications:

• Currently pursuing a master’s degree in Computer Science, Data Analytics, Quantitative Finance, Financial Modeling, or a similar program.
• Internships are not available for students who have completed their college education or who will graduate prior to the conclusion of the internship.
• Excellent working knowledge of database/data warehouse programming in Python and/or SQL.
• Some knowledge of finance modeling.
• Strong communication skills.
• Experience in process engineering, accounting, financial technology, or quality control
• Derivative knowledge and basic experience of data processing in Microsoft Power BI a plus.
• Decent te