Position Summary
The Finance team at Assured Guaranty is seeking a summer intern to join for a 10 week assignment. This position will assist with tax return preparation as well as financial statement disclosures.
Primary Responsibilities
The Intern will assist with the following tasks:
- Assist with the preparation of GAAP and insurance statutory (SSAP #10) income tax provisions and supporting documentation
- Assist with the preparation of federal and state income tax returns and related work papers including M-1/M-3 tax adjustment schedules for insurance and non-insurance companies
- Assist in preparing state premium and municipal tax returns
- Assist in the preparation of quarterly federal and state estimated tax payment calculations along with extensions and related filings
Required Competencies (Knowledge, Skills, and Abilities)
- Working knowledge of Microsoft Word and Excel
- A highly motivated self-starter and successful in a team-oriented setting
- Strong organizational skills with excellent attention to detail
- Strong interpersonal and communication skills (both verbal and written).
- Minimum 3.0 GPA.
- While any discipline will be considered, candidates studying finance or, accounting 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 8 – July 30).
Skills Required
- Working knowledge of Microsoft Word and Excel
- Highly motivated self-starter who succeeds in a team-oriented setting
- Strong organizational skills and excellent attention to detail
- Strong verbal and written interpersonal and communication skills
- Minimum 3.0 GPA
- Studying finance or accounting
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.
