Intern - CLO, Structured Products & Derivatives, and Energy & Infrastructure

Summer Internship Dates: June 2-August 8

Intern - CLO, HECM, & Derivatives

Job Summary

Nassau’s 10-week, summer internship program in our Hartford, CT office prepares college students for careers on the cutting edge of insurance and asset management.

Internship opportunity for a college student to learn more about the Middle Market CLO, Structured Products & Derivatives, and the Energy & Infrastructure teams while gaining invaluable hands-on experience. Assist the portfolio manager and analysts in the Middle Market CLO, Structured Products, Derivatives, and Energy & Infrastructure teams with the sourcing, credit underwriting and deal analysis of new transactions as well as the deep-dive surveillance of Middle Market CLO and other structured products, and the Energy & Infrastructure portfolio.  This role will include but not limited to the following day-to-day needs and projects: 

Principal Duties and Responsibilities 

• Compile and evaluate weekly new issue deal pipeline for Middle Market CLOs and other structured products (e.g., CBOs, CFOs, CMOs, direct lending) 
• Monitor rating changes including refinancing/resets and monthly internal watchlist for CLOs and other structured products 
• Assist in the manager, collateral and scenario analysis of new deals using Intex and preparation of deal write-ups for CIO approval and investment committee review 
• Assist in the monthly deal surveillance analysis --- using Intex and Moody’s Structured Finance (SF) Portal --- of existing Middle Market CLOs and other structured products in terms of performance metrics and trends 
• Develop and implement a shared folder for Energy & Infrastructure transaction documentation and portfolio surveillance/monitoring 
• Assist in the preparation of the monthly deep-dive surveillance and portfolio quality (PQR) reports for management review and discussion 
• Assist in the pricing analysis of the weekly derivative transactions with respect to execution levels versus option budget    
• Participate in weekly sector team meetings and due diligence calls with deal arrangers and Middle Market CLO managers of both new and existing investments. 

Knowledge, Skills and Abilities 

• College student working toward a Bachelor’s degree in Finance or Mathematics with a minor in Business or Master’s degree in Finance or Risk Management.  
• 1-2 years of job relevant internship experience, preferably in financial services industry  
• Analytical, detail-oriented with excellent research skills 
• Ability to collaboratively solve problems using verbal and written skills  
• Ability to organize work and self and execute a wide range of tasks in a logical fashion 
• Good decision making and documentation skills to interact effectively with team members 

Compensation

Nassau maintains a holistic compensation philosophy focused on competitive base salaries, performance driven incentives, and unique professional development opportunities. The combination of compensation, benefits, and an entrepreneurial culture along with related experiences is key to recruiting and retaining talent.  Our compensation system is designed to reward performance, support development and job growth, and compensate individuals relative to their contribution to our organization.  The base pay for this role is: $23/hour.

Visit our Careers page and apply online at www.nfg.com.

Based in Hartford, Connecticut, Nassau Financial Group is a growth focused and digitally enabled financial services company with a fully integrated platform across insurance and asset management. Nassau was founded in 2015 and has grown to $1.6 billion in total adjusted capital, $24.8 billion in assets under management, and 370,000 policies and contracts as of September 30, 2024.

As part of a young and growing financial services enterprise, our employees are tapping into a new entrepreneurial spirit while they build on a long track record of putting customers first, understanding the evolving income and protection needs, and developing quality products to meet those needs.

Nassau provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by fede