Product Intern, Vestwell
$30.00 USD per hour + Performance bonus
More information about location
4 days a week in office
Digital recordkeeping platform for 401(k) plans
Job no longer available
Digital recordkeeping platform for 401(k) plans
201-500 employees
Job no longer available
$30.00 USD per hour + Performance bonus
More information about location
4 days a week in office
201-500 employees
Company mission
To make managing retirement investments cheaper, simpler and safer.
Role
Who you are
- A final year student or recent graduate (including boot camps and or other related programs)
- Based in the U.S. (EST preferred)
- Eager to learn and work with various departments in the company
- Excellent verbal and written communication skills
Desirable
- Strong written and verbal communication skills
- Desire to dig into and solve complex problems
- SQL/Databases experience
What the job involves
- At Vestwell, our internship program is designed to provide participants with the knowledge, resources, and hands-on training necessary to understand the value of our product and gain meaningful, real-world experience
- Gain exposure to all of Vestwell’s product service lines that power our retirement savings platform
- Collaborate cross-functionally with stakeholders from various teams across the organization
- Showcase your work through a comprehensive portfolio of your final project
- Receive ongoing mentorship and guidance through regular check-ins with your assigned manager and mentor
- The LEO team at Vestwell is responsible for building out, enhancing, and supporting payroll integrations with hundreds of payroll providers to support the transmission of employee and employer contributions data (from payroll providers to Vestwell), and employee deferral rates (from Vestwell to payroll providers)
- We also focus on building out operational workflows and tooling to support our internal ops and service teams, regarding payroll integrations
- These integrations help improve the client experience and is a valuable selling tool to our partners and enterprise customers
- This is a 10-week intensive program, running from June 2 to August 8, 2025
- High-performing interns may have the opportunity to interview for full-time roles
Application process
- The LEO team at Vestwell is responsible for building out, enhancing, and supporting payroll integrations with hundreds of payroll providers to support the transmission of employee and employer contributions data (from payroll providers to Vestwell), and employee deferral rates (from Vestwell to payroll providers)
- We also focus on building out operational workflows and tooling to support our internal ops and service teams, regarding payroll integrations
- These integrations help improve the client experience and is a valuable selling tool to our partners and enterprise customers
Our take
The current landscape of 401(k) retirement plans is stagnant in comparison to the standards of financial software innovation. Vestwell offers a digital record-keeping platform that works directly with wealth management firms to help workplaces save money on their employee retirement plans. Vestwell does this by removing the friction points financial advisors and companies have in establishing and maintaining defined contribution and benefit programs.
The startup faces competition from legacy players such as Boston-based Fidelity Investments who currently keep track of almost $2 trillion in assets in the industry. Furthermore, Empower also focuses on advisor-friendly and customized web tools and functionality, presenting further competition to Vestwell.
Despite this, Vestwell is uniquely positioned to disrupt the stagnant 401(k) system, a stance only strengthened by its substantial rounds of funding through the 2020s. This has been invested into expanding platform functionality and servicing for its partners and clients, releasing two new products in September 2022 - Vestwell Flex and a TPA portal. These additions will make Third Party Administration partnerships more efficient for Vestwell customers, streamlining the recordkeeping systems necessary for such actions. Continued product updates like these will help Vestwell keep pace with its substantial competition.
Steph
Company Specialist at Welcome to the Jungle
Insights
17% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Dec 2023
$125m
SERIES D
Jul 2021
$70m
SERIES C
Total funding: $237.5m
Company benefits
- We’re a growth stage startup with lots of exciting milestones ahead
- We value health and wellness at Vestwell and in addition to a dedicated Employee Wellbeing Committee, we offer competitive health coverage and an open vacation policy
- We have adopted a remote-hybrid office policy, but all employees are welcome at our bright, comfortable office with many workspace options in midtown Manhattan so everyone has a setting that is the most productive for them
- We provide our team with all the equipment they need (plus a few perks!) to work effectively remotely. Oh, and naturally we have a great 401(k) plan!
Company HQ
Garment District, New York, NY
Leadership
Aaron Schumm
(CEO)Studied Finance at GIES College of Business and then received an MBA from Duke. Head Equity Research at financial advisory firm Dillon Scott Securities, Product Manager at Fiserv, VP of Product Marketing at Citi.
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