Position Summary
The Credit department is seeking an Intern to assist the team specifically with credit research and structured finance surveillance as it relates to the team’s recurring responsibilities.
Primary Responsibilities
- Work with both Credit Research and Structured Finance Surveillance departments to analyze more than 1,000 Limited Partners “LPs” that exist in Assured’s growing Subscription Finance business
- Reconcile within Excel overlapping LPs that have different naming conventions
- Create unique identifiers for LPs that can be mapped to Assured’s new Subscription Finance surveillance system
- Identify the parent-relationship of each LP, using the following tools: S&P Capital IQ, Moody’s, Bloomberg, Private Equity International, Google
- Create clear and concise records of the LP/parent-relationship for senior members of Credit Research and Structured Finance Surveillance teams
- Attend all meetings with Management Information System (“MIS”) related to Assured’s new Subscription Finance surveillance system
- Attend all Credit Committees related to new Subscription Finance business
Candidate Background and Qualifications
- Currently pursuing a bachelor’s degree in economics, accounting or business related major preferred but not required
- Minimum 3.0 GPA
- Highly organized with strong attention to detail
- Strong working knowledge of Microsoft Word and Excel
The salary for the position is expected to be from $28 per hour to $32 per hour. The actual salary will depend on various factors, including but not limited to a candidate’s experience and credentials, salary expectations of applicable candidates, and other applicable market conditions. This position provides a weekly all-firm catered breakfast (Tuesday) and lunch (Wednesday) as well as intern-specific meals and events.
Note: A housing stipend may be available for interns who live outside of the New York metropolitan area and move to the New York metropolitan area for the internship, subject to certain conditions.
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What We Do
Assured Guaranty is the leading provider of financial guaranty insurance. We guarantee timely payment of scheduled principal and interest when due on municipal, public infrastructure and structured financings. Issuers use our financial guarantees to lower their cost of funds, broaden distribution and diversify funding sources. For more than three decades, our insurance subsidiaries have helped to lower the cost of borrowing for municipalities and other issuers across the United States by guaranteeing a wide range of tax-exempt and taxable, investment-grade, municipal bonds that are supported by either tax revenues or revenues from essential public projects or services. From schools to clean water, from transportation projects to hospitals and more, we help municipalities build sustainable public infrastructure and better serve their residents, including their underserved and at-risk communities. We are also active in the United Kingdom, Europe, Australia and other developed countries, where we guarantee public-private partnership, local authority and regulated utility financings. In structured finance, globally, we guarantee asset securitizations and craft custom applications of our guarantees to assist our institutional clients in managing their portfolio risk and capital. For investors, our value proposition includes not only the security of our unconditional, irrevocable guaranty but also our experienced credit selection, underwriting and surveillance. Our business model has proven its resilience through multiple business cycles, and we have demonstrated our commitment to maintaining the financial strength to protect our policyholders for the life of their insured investments. In addition, our subsidiary Assured Investment Management LLC provides alternative investment management and advisory services to institutional and other qualified investors through our investment arm and offers a variety of credit-focused strategies and structured finance solutions.
