Heading

Milwaukee, WI

Internship

Onsite

$38K/yr - $57K/yr

Intern

MGIC is a pioneer in private mortgage insurance, helping people achieve homeownership sooner. They are seeking a motivated intern to join their Structured Transactions team, where the intern will gain hands-on experience in credit risk transfer and risk analytics, working on quantitative modeling and credit risk analysis projects.

Apply Now

Responsibilities

Test third party Python scripts used for CRT cashflow modeling
Compare model outputs by utilizing internal development cashflow dashboard
Assist in analyzing CRT transaction structures, including tranche mechanics and pricing metrics
Collaborating on ad-hoc projects related to structured finance and credit risk analytics
Present your findings and insights to team members and managers

Qualification

Required

Pursuing a bachelor's or master's degree in quantitative finance/financial engineering, Economics, Risk Management, Applied Mathematics, or a related quantitative field
Ability to work full-time hours throughout the summer on-site at our downtown Milwaukee campus
Basic proficiency in Python for data validation and modeling
Strong analytical and problem-solving skills with attention to detail
Strong verbal and written communication skills and ability to translate technical findings into business terms

Preferred

Benefits

Competitive Salary & pay-for-performance bonus
Financial Benefits (401k with company match, profit sharing, HSA, wellness program)
On-site Fitness Center and classes (corporate office)
Paid-time off and paid company holidays
Business casual dress

MGIC is a private insurance company offering insurance on real estate mortgages.

Glassdoor