Position Summary
The Public Finance team at Assured Guaranty is seeking an intern to join the team this summer.
The Intern will be assisting in the underwriting process as Public Finance onboards ODIN as an underwriting tool. The Intern will also provide support to the procurement process.
Primary Responsibilities
The Intern will assist with the following tasks:
- Collaborate with third-party data vendors to request processing of new business deals received by procurement and input them into underwriting software packages
- Monitor & analyze information from data vendors
- Conduct ad-hoc data analysis and modeling to support underwriters
- Interact with underwriters on flow business deals and prepare deals prior to them being underwritten, managing deal flow and forward calendar
- Assist the procurement team and process flow business in an efficient and timely manner
- Support Product Development team to improve business processes to increase team efficiency
Required Competencies (Knowledge, Skills, and Abilities)
- Minimum 3.0 GPA
- Proficiency in Excel, Bloomberg and PowerPoint
- Preferred knowledge of VBA
- Ability to work on a small team and manage multiple responsibilities
- Strong willingness to learn new skills
- Basic knowledge of fixed income or capital markets preferred
- Strong programming skills in Python and SQL are necessary for some desks
- While any discipline will be considered, candidates studying finance, economics, mathematics, accounting, information technology or similar subjects will be prioritized
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 2 – August 7).
Top Skills
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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