Intern (m/f/d) in Global Private Debt

Allianz; München; On-site; EUR 13,000 - 20,000; Full time

Job summary

Allianz Group, Munich, seeks a highly motivated intern for the Private Debt team to support sourcing, analysis and execution of fund investments across senior, mezzanine and opportunistic credit strategies. You will gain exposure to investment processes and use Power BI, Python, R and SQL for data-driven decision making.

Requirements include enrollment for the full duration, an undergraduate degree in finance/economics/math/data science, and pursuing a master’s in a related field.

Qualifications

• Enrollment as a student for the entire duration of the internship.
• Undergraduate degree in finance, economics, mathematics, data science, statistics, computer science or related field, pursuing a master's.
• Hands-on experience with data analysis tools such as Power BI, Python, R, SQL, VBA or comparable technologies.
• Fluent in English; German is a plus.
• Strong written communication skills and documentation.

Responsibilities

• Support sourcing, analysis, and execution of private debt fund opportunities across strategies.
• Evaluate investments via qualitative and quantitative due diligence including ESG, performance, and returns.
• Conduct market screening and map the private debt landscape across strategies and sub-sectors.
• Prepare materials and participate in meetings with asset managers and decision-makers.
• Utilize data analytics tools (Power BI, Python, R, SQL) to support decisions and portfolio management.

Skills

Fluent English

German language (basic)

Power BI

Python

R

SQL

VBA

Education

Bachelor's degree in Finance/Economics/Mathematics/Data Science

Tools

Power BI

Python

R

SQL

VBA

Job description

Job purpose/role

The Private Debt team is responsible for designing and managing Allianz Group's alternative debt portfolio. Private debt has been one of the fastest-growing asset classes over the past decade. We are seeking a highly motivated intern to support the sourcing, analysis, and execution of high-quality fund investment opportunities across senior, mezzanine, and opportunistic credit strategies, spanning corporate lending, infrastructure debt, and real estate debt. This role offers direct exposure to senior investment processes and a broad range of private debt strategies within one of Europe's leading institutional investors.

Key responsibilities

• Support the evaluation of private debt fund investments through qualitative and quantitative due diligence, including analysis of investment strategy, restructuring capabilities, ESG integration, historical performance, and return expectations
• Conduct market screening and map the private debt landscape across different strategies and sub-sectors
• Prepare materials for and actively participate in meetings with asset managers and internal decision-makers
• Utilize data analytics tools (e.g., Power BI, Python, R, SQL) to support investment decision-making and portfolio management

Key requirements / Skills / Experience

• You must be enrolled as a student for the entire duration of the internship (proof of enrollment required)
• You have completed an undergraduate degree in finance, economics, mathematics, data science, statistics, computer science, or a related field, and are currently pursuing a master's degree in a relevant discipline
• You have hands‑on experience with data analysis tools such as Power BI, Python, R, SQL, VBA, or comparable technologies
• You are fluent in English. German is a plus
• Strong written communication skills (supporting documentation such as standardized test results is optional but appreciated)

Additional information

• A valid university enrollment certificate is required for the full duration of the internship
• Non-EU/EEA students in Germany must comply with applicable working day restrictions
• One position available starting end of 2026 or 1H 2027.
• The internship is full‑time.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges is what makes us a unique employer.

We are united by a shared commitment: to put our customers first and at the centre of everything we do. Their needs inspire our thinking and guide our actions.

Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future - for our customers and for the world around us.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating equal opportunities for all. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture.

We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.