Job Description

Public Finance Investment Banking Intern

At Piper Sandler, we connect capital with opportunity to build a better future. We enable growth and success of our clients through deep sector expertise, candid advice and a differentiated, highly productive culture. Our mission is to recruit, develop, and retain high-performing people that are bright, committed, and who work in partnership with others to achieve at a high level.

About Our Public Finance Group

We are a national public finance investment banking franchise with a diversified business focused on middle market issuers and specialty sector expertise. Our core business is partnering with not for profits, private developers, and state and local governments to raise capital for infrastructure projects through the issuance of tax exempt and taxable bonds. We finance a broad spectrum of projects across our regional footprint and our specialty sector coverage. We emphasize a "mentorship" culture where junior bankers get direct exposure to senior bankers and clients early on. Our employees are able to transition to more senior roles in the firm, corporate finance, or graduate school (MBA/MPP).

About the Hospitality Finance Group

The Hospitality Finance Group is a team of bankers and analysts dedicated to providing uniquely tailored strategies to assist clients in raising capital for their hospitality-related needs, including new development, redevelopment, refi, recap, acquisition, economic development support and enterprise level projects. Piper Sandler is the only investment banking firm with a group dedicated to this sector that serves our clients' needs in both the conventional debt and equity and the taxable/tax-exempt bond capital markets. The Hospitality Finance Group at Piper has been the leader in this market over the last twenty-eight years, having successfully completed over $20-billion and 60,000-rooms for our hospitality clients nationwide.

About the Role

Our Public Finance Investment Banking Intern-Analyst offers an opportunity to provide extensive analytical and quantitative support as well as other transaction support to assist senior bankers in providing investment banking services to our clients. In addition to strong analytical and communication skills, the most successful applicant will demonstrate a high degree of financial aptitude and will thrive in a fast-paced, highly collaborative team. Please note that this is a full-time (40 hours/week) internship. It is intended to become a full-time Analyst role soon after completion of the internship period. Consideration for a full-time position is dependent upon performance.

Responsibilities

• Developing comprehensive and dynamic quantitative financial models to structure and optimize public, public-private and private transactions
• Preparing presentations and RFP/RFQ responses for proposals and new business development
• Prepare marketing materials for conventional debt and equity capital raising processes
• Preparing analyses on client capital structure, debt capacity and credit profile and researching issuer financial information using public and internal resources
• Monitoring and tracking of activities of credit rating agencies in target sectors and keep database of relevant or potentially relevant credit reports for future access. Brief bankers on important, relevant, examples and overall trends
• Gathering and maintaining data and research on hospitality industry trends, supply and demand predictions and capital markets
• Interacting with internal and external financing team members in developing, executing and closing of transactions
• Assisting in the preparation of bond documents to include credit presentations and summaries, offering and placement memorandums, pricing materials, financing and legal documents, and closing instructions

Qualifications

• Minimum B.S. or B.A. with major(s) in finance, real estate, hospitality, business, or related fields is preferred
• 0-2 years of experience preferred. Experience in one or more of the following areas a plus: hospitality, real estate investment and underwriting; hospitality finance and underwriting; investment banking
• Proactive and analytical approach, ability to process information quickly and make sound decisions within firm time constraints
• Highly motivated, entrepreneurial mind-set with a high level of intellectual capacity, curiosity, integrity and eagerness to learn
• Ability to multi-task in a deadline-sensitive environment with strong attention to detail
• Excellent interpersonal, communication, presentation and project management skills with the ability to collaborate effectively and present ideas or positions in a clear and concise manner
• Advanced proficiency in Excel and other computer skills, able to utilize new systems or programs as necessary. Working knowledge of DBC Finance is not necessary but preferred
• Team-oriented, yet able to work independently to contribute towards the development and implementation of strategic initiatives

As a leading investment bank, we enable growth and success for our clients through deep sector expertise, candid advice and a differentiated, highly productive culture.

Piper Sandler values a strong culture dedicated to the emotional and physical well-being of our employees. Learn more about our commitment to our employee's health, well-being, our benefits program and how we are here for our employees and their families today, tomorrow and beyond here.

The anticipated starting hourly range is $25-30 hourly for individuals expressing interest in this internship. Placement within this range is dependent upon level of experience, location and other factors.

All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, sexual orientation, gender identity, national origin, disability, age, marital status, status as a protected veteran or status with regard to public assistance.

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