Investment Accounting Intern

Posted 2 Hours Ago
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Des Moines, IA, USA
In-Office
Internship
Insurance
The Role
Supports investment accounting activities, including journal entries, reconciliations, loan accounting, investment disclosures, financial analysis, audit support, and ad hoc reporting. The intern also contributes to automation and continuous improvement projects and collaborates on cross-functional initiatives. This is a 10–12 week, in-person internship in Des Moines with mentorship, professional development, and networking opportunities.
Summary Generated by Built In

GENERAL PURPOSE OF THE JOB

The Investment Accounting Intern works with the Investment Accounting team to assist with daily, monthly, and quarterly accounting activities, including the preparation of reconciliations, journal entries, financial analysis, and internal and external reporting for the Company’s investments. This role provides hands-on training and project experience related to investment accounting, offering exposure to insurance and investment accounting methodologies across a range of asset classes, including fixed income securities, alternative instruments, private placements, private loans, mortgage loans, and derivatives for both GAAP and STAT accounting.


LAUNCHPAD INTERNSHIP PROGRAM

The American Equity Launchpad Internship Program is designed to identify, develop, and empower the next generation of talent. Through meaningful project work, mentorship, professional development, and networking opportunities, interns gain real-world experience while building the skills and connections needed to launch their careers.


The Launchpad Internship Program is a 10–12 week, in-person experience based in our downtown Des Moines office. Interns gain hands-on experience, collaborate with professionals across the organization, and contribute to work that drives meaningful business outcomes.


Program Highlights

·         Contribute to meaningful projects that deliver real business impact.

·         Receive dedicated mentorship from leaders and colleagues across the organization.

·         Participate in an Intern Hack-a-thon focused on solving real business challenges and presenting innovative solutions to company leaders.

·         Develop professional skills through learning sessions, leadership presentations, and networking opportunities.

·         Engage in community service projects, Des Moines Intern Connections events, and social activities with fellow interns.

·         Receive competitive compensation, including a housing stipend and recognition opportunities.


ESSENTIAL DUTIES AND RESPONSIBILITIES:

·         Prepares and posts journal entries and supporting documentation.

·         Assists with monthly and quarterly residential, commercial, and agricultural loan accounting and reporting, including journal entry activity and reconciliations.

·         Assists with the review of private loans, including calculation and booking of allowances.

·         Completes and distributes quarterly STAT and GAAP investment disclosures.

·         Assists in providing information, reports, and analysis for internal and external auditors and tax specialists.

·         Contributes to automation and continuous improvement projects.

·         Collaborates with fellow interns across departments on a strategic, cross-functional initiative that drives meaningful business impact.

·         Performs ad hoc reporting and other related duties as assigned.



EDUCATION AND/OR EXPERIENCE:

·         Currently pursuing a bachelor’s degree in Accounting or another related field of study.


CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:

·         None required for this position.


KNOWLEDGE, SKILLS AND ABILITIES:

·         Strong verbal and written communication skills.

·         Ability to successfully handle pressure and meet deadlines in a fast-paced work environment.

·         Ability to work cooperatively and successfully with employees, customers, and other outside third parties.

·         Proficient in the use of Microsoft Office Suite, particularly Excel.

·         Ability to define problems, collect data, establish facts, and draw valid conclusions.

·         Strong attention to numeric and other detail; ability to work with mathematical concepts and apply them to practical situations.

·         Strong organizational and planning skills.


DISCLAIMER:

This description covers the major purpose and essential functions of the job. It is not intended to give all details or a step-by-step account of the way each task is to be performed. Employees may receive other job related instructions and be required to perform other job related work requested by their manager. All requirements are subject to possible modification to provide reasonable accommodation to qualified individuals with disabilities.



At American Equity, our core values—Empowered, Passion, Integrity, and Caring—are more than words. They guide how we support one another and how we serve our clients every day. To learn more about American Equity, our culture, and our values, visit the Careers site.

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Skills Required

  • Currently pursuing a bachelor's degree in Accounting or a related field
  • Strong verbal and written communication skills
  • Ability to handle pressure and meet deadlines in a fast-paced environment
  • Ability to work cooperatively with employees, customers, and outside third parties
  • Proficiency with Microsoft Office Suite, particularly Excel
  • Ability to define problems, collect data, establish facts, and draw valid conclusions
  • Strong attention to numerical and other details
  • Ability to apply mathematical concepts to practical situations
  • Strong organizational and planning skills
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The Company
HQ: West Des Moines, IA
640 Employees
Year Founded: 1995

What We Do

American Equity* Fixed Index Annuities * Retirement Planning * Customer Service An American-owned and operated company headquartered in the heart of the Midwest, American Equity Investment Life Insurance Company® is a leader in the fixed indexed annuities marketplace. American Equity’s growth and success is attributed to our dedication to excellent customer service and emphasis on building customer relationships. “The One Who Works for You!®” serves as the foundation for the way American Equity does business and values its more than 500 employees. Guided by our Principles of Excellence, we do more than sell retirement annuity products -- we are dedicated to fostering opportunity and innovation to meet the ever-changing needs and goals of retirement. "It's About the People"​ is the American Equity story and the legacy of our founder David J. Noble. This commitment to excellence includes our employees, agents, partners, and contract owners. We thank you for entrusting us with the things that matter most. When your retirement begins, you want to ensure you can enjoy it, which is why it’s important to have reliable support that can help fund every day of your golden years. After all, your life of hard work has earned you the retirement you planned for. These are the guiding principles that define everything we do. American Equity is the one who works for you.

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