Private Credit Strategy & Operations Intern

Altbanq; New York (NY); On-site; USD 23,000 - 34,000; Full time

Job summary

altbanq, a rising alternative finance provider in New York, seeks an undergraduate intern in Finance, Economics, Business, or related fields. The role is on-site at Midtown Manhattan, requiring at least 20 hours per week and a commitment of 12 months or more.

This hands-on internship offers exposure to private credit, payments, and business development projects. You'll work closely with the COO and team to support strategic initiatives, review financial documents, assist with investor

Qualifications

• Undergraduate student in Finance, Economics, Business, or related field with strong GPA and extracurriculars.
• Demonstrates passion for financial sector, especially private credit and payments.
• Available to attend on-site at altbanq’s Midtown Manhattan office for 20+ hours/week.
• Commitment to role for 12 months or more.

Responsibilities

• Work with the COO on strategic initiatives.
• Conduct online research aligned with company plans.
• Assist with reviewing financial documents for underwriting deals.
• Assist with compiling capital statements for investors.
• Complete ad hoc tasks as required.

Skills

Critical thinking

Creative problem solving

Organizational skills

Attention to detail

Quick learner

Professionalism

Communication skills

Discipline and punctuality

Excel proficiency

Quantitative ability

Education

Undergraduate student (Finance/Economics/Business)

Tools

Microsoft Excel

Job description

altbanq is an alternative finance provider that was launched to fund businesses faster and more reliably than traditional financing sources. altbanq is comprised of industry veterans with the shared goal of providing small business owners with the resources needed to build a solid financial foundation to grow their business.

N.B. This is not a summer internship. Interns must be available to attend the internship on-site during the year and should be committed to the role on a long-term (i.e. > 12 months) basis.

Salary range: $16.5-$25 per hour

What altbanq can offer:

• A flat organizational structure that values the perspectives of every team member
• A stimulating working environment in a fast-growing, exciting financial services firm that poses dynamic challenges and encourages creative solutions
• A workspace that values independence in completing projects but encourages collaboration and the cross-pollination of ideas
• Exposure to various projects in different spaces, including but not limited to: private credit/lending, payments, and business development

Job responsibilities (N.B. this is a non-exhaustive list - interns may be required to perform other tasks, depending on the requirements of altbanq):

• Work closely with the altbanq team, especially the COO to execute on strategic initiatives
• Conduct online research in line with the company’s operational or strategic plans
• Assists with reviewing financial documents for the underwriting of potential funding deals
• Assist with compiling capital account statements for investors
• Complete ad hoc tasks, as required

What we’re looking for:

• An undergraduate student currently studying Finance, Economics, Business, Project Management or a related subject in the United States, preferably New York City, who has a minimum GPA of 3.5 and an excellent extracurricular record from a strong academic institution.
• A candidate who shows a strong and evident passion for the financial sector, particularly the private credit and payments industry
• The candidate should be available to attend the internship on-site at altbanq’s Midtown Manhattan office for at least 20 hours a week. Flexibility with alternative schedules can be provided, but a candidate with a consistent and predictable availability for the role is highly preferred.
• The student should be committed to the role on a long-term basis (i.e. 12 months or more), as the role involves working actively on both short- and long-term projects

Important skillsets to succeed in the role:

• Demonstrate critical and logical thinking ability
• Be a creative problem solver, possess strong organizational and project management skills, and demonstrate strong attention to detail
• Be a quick-learner and show a willingness to step out of their comfort zone to tackle new challenges and tasks
• Demonstrate high degrees of professionalism
• Be a good communicator and work well in both an independent and team-based environment
• Be disciplined, hard-working and punctual
• Be proficient in Microsoft Excel and have good quantitative ability