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Corporate Business Internship experience- Retirement Operations-Distributions Services job in Washington at Ascensus

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Corporate Business Internship experience- Retirement Operations-Distributions Services at Ascensus

Corporate Business Internship experience- Retirement Operations-Distributions Services

Ascensus Washington, DC Full-Time
Ascensus helps millions of people save for what matters-retirement, education, and healthcare. We believe that diversity and inclusion are fundamental pillars of our Core Values and a necessity to attaining greater success. It's no coincidence that our Core Values begin with People Matter. This underscores our strong belief that every associate brings value to our organization. We continually focus our efforts to ensure Ascensus is a place where everyone feels welcome and valued.

Our goal is to recruit students from diverse backgrounds and cultural experiences who want to learn our business and help better our organization. We invite you to see how the retirement savings industry works by rotating through different departments and experience how we service our clients from various back-office operations through to client management. When you choose Ascensus, you become part of a community that is invested in your growth. This includes frequent professional development sessions, lunch and learns hosted by our leadership team and having personal mentors. We strive to create a real-world corporate business experience for interns to best prepare them for the future. Our proven track record with previous internship programs has led to new career opportunities at Ascensus after graduation and Brand Ambassador campus opportunities after the internships. Our Core Values of People Matter. Quality First. Integrity Always. are more than just words-they are woven into the very fabric of who we are and how we run our business.

* A distribution is a withdrawal of funds from a participant's retirement account.
* There are multiple methods and requirements that enable a distribution to occur.
* Distributions require a pre-approval process, a review while initiating and then a secondary review once processed to validate the distribution and ensure proper tax reporting.
* Distributions can be processed by several methods such as online, via a phone response system and via plan authorized and plan non-authorized paper forms.
* Some common terms related to distributions = Loans, Hardships, RMD, Roth and Rollover.
* The Distribution team is located remotely across the country and has two centralized domestic locations and one abroad.
* The processing and quality checking requires a coordinated effort over multiple processes within the distribution team, external teams and directly with our clients.
* Applications will be accepted until November 30th. Interviews will begin in December*

Program Duration - 10 weeks (6/5 through 8/11)*

* subject to change

Compensation - $18 per/hr

Location: - This is a hybrid position that would be two days in the office and three days working remotely.


* Majors: Business Management/Administration, Finance, Economics, Marketing, Communications with an interest in the business.

* 2023 Junior & Seniors

At Ascensus, we aspire to make a difference for others. We are a technology-enabled services company that helps people save for retirement, education, and healthcare through our network of institutional, financial advisor, and state partners. Our culture is guided by sound principles, is committed to high standards, operates with transparency, and welcomes diversity-housed within our Core Values: People Matter. Quality First. Integrity Always.®

As a leading independent recordkeeping services partner, retirement plan third-party administrator, and government savings facilitator, we aim to hire associates who find pride in going to work every day knowing that they help more than 12 million people save for what matters.

Ascensus provides equal employment opportunities to all associates and applicants for employment without regard to ancestry, race, color, religion, sex, (including pregnancy, childbirth, breastfeeding and/or related medical conditions), gender, gender identity, gender expression, national origin, age, physical or mental disability, medical condition (including cancer and genetic characteristics), marital status, military or veteran status, genetic information, sexual orientation, criminal conviction record or any other protected category in accordance with applicable federal, state, or local laws ("Protected Status").

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