Treasury Intern

Employer
AARP
Location
Washington, DC
Posted
Oct 13, 2021
Closes
Oct 14, 2021
Ref
12461461
Industry
Nonprofit
Hours
Full Time
Business Unit Description

AARP is a nonprofit, nonpartisan organization, with a membership of nearly 38 million that helps people turn their goals and dreams into 'Real Possibilities' by changing the way America defines aging. With staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, AARP works to strengthen communities and promote the issues that matter most to families such as healthcare security, financial security and personal fulfillment. AARP also advocates for individuals in the marketplace by selecting products and services of high quality and value to carry the AARP name. As a trusted source for news and information, AARP produces the world's largest circulation magazine, AARP The Magazine and AARP Bulletin.
Summary

Be a part of a unique and collaborative team responsible for AARP's daily liquidity. The AARP Treasury department employs best practices in treasury technology, fraud prevention, short-term liquidity management, and banking. The Cash Management team manages $11 Billion in annual cash flow through short-term liquidity management, working with its banking partners and fund manager expertise. This position will support the daily cash positioning function, including monitoring bank balances and cash positions; support the cash forecast model and assist in enhancements to the model including RPA (robotic process automation); and learn about and utilize the FIS Global Treasury Management System, including the development of liquidity reporting and dashboards.

As an Intern, you will apply strategic, analytical, and creative thinking to solve challenging liquidity decisions. On any given day, you could be investing cash on a short-term basis, forecasting cash needs for the future, and designing a monthly management report. We'll challenge you to think and work in new ways. We are committed to your growth and will cultivate your continued learning and development. This is a paid internship with a target start date of late fall.
Responsibilities

This position will provide hands-on experience of the inner workings of a corporate treasury department. The primary duties for the intern will be the following:
  • Assisting with the daily cash positioning activities to learn about core treasury functions;
  • Participating in discussions and actions to diversify the short-term portfolios for all AARP entities; with the emphasis on ESG offerings; explore and expand the investment portal opportunities;
  • Updating the cash forecast model; assisting in the analysis and production of the monthly cash forecast reports for all AARP entities;
  • Participate in meetings with internal customers; 3rd party service providers, and our financial institution partners
Requirements

Prospective interns must be enrolled in a degree program at an accredited college or university; be considered rising undergraduate juniors or seniors, graduate students, or post-doctoral students; and remain academically enrolled throughout the internship. Preference will be given to candidates enrolled in an MBA program.

AARP also considers non-traditional interns who are looking to re-enter the workforce or change careers. This may include those who have previously graduated from college and enrolled in a continuing education program.
Compensation and Benefits

Internships are non-exempt positions and are not eligible for employee benefits.

As a result of the COVID pandemic, all interviews will be held virtually and all non-essential employees will continue to work remotely until further notice.
Equal Employment Opportunity

AARP is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture. AARP does not discriminate on the basis of race, ethnicity, religion, sex, color, national origin, age, sexual orientation, gender identity or expression, mental or physical disability, genetic information, veteran status, or on any other basis prohibited by applicable law.