Position Summary
The Municipal Surveillance team at Assured Guaranty is seeking an intern to join us on a full-time basis during the summer.
This individual will be responsible for the collection, organization, and dissemination of both quantitative and qualitative data. The intern will work in conjunction with senior analysts on surveillance reviews, reports, and presentations related to the credit evaluation of municipal bonds in the special tax and special district sectors.
Position Responsibilities
- Review financial statements, annual disclosures, Material Event Notices, and specific legal documents to ensure compliance with disclosure requirements
- Collect and input data from various sources including, but not limited to, news articles, financial websites, and financial statements
- Organize information for quick dissemination via the company’s internal electronic data management system
- Assist analysts with the preparation of monthly sector review presentations
- Interns will be fully trained on internal systems as well as how to retrieve and analyze the required data
Minimum Qualifications
- Minimum 3.0 GPA
- Currently enrolled in (or recently graduated from) a 4-year degree program. Preference will be given to majors in: Business, Public Administration/Public Finance or Economics
- Strong written and oral communication skills
- Proficiency in various external apps (particularly Microsoft 365: Excel, PowerPoint, and Word)
- Must be detail oriented, highly organized and able to multi-task
The salary for the position is expected to be from $30 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 and lunch (Tuesday and Wednesday) as well as intern-specific meals and events.
Note: Housing stipend may be available for interns who will be residing outside of the tri-state area (New York, New Jersey, Connecticut) for the duration of the summer internship program (June 8 – July 30).
Skills Required
- Minimum 3.0 GPA
- Currently enrolled in or recently graduated from a four-year degree program
- Strong written and oral communication skills
- Proficiency with Microsoft 365, particularly Excel, PowerPoint, and Word
- Detail-oriented, highly organized, and able to multitask
- Major in Business, Public Administration, Public Finance, or Economics
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.
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