Structured Transactions Intern

At MGIC, we take pride in knowing that what we do matters. As pioneers of private mortgage insurance, we help people achieve homeownership sooner - making affordable low-down-payment mortgages a reality. Our efforts have helped more than 14 million people get the keys to their own homes sooner than otherwise possible. Every position is critical to our company's success - from the analytical to the technical; from the strategic to the tactical. The customer-facing roles to behind-the-scenes experts, we're all part of one team. We're an organization with a national footprint that's large enough to never lack for a new challenge, but small enough for an opportunity to make an impact and influence decisions. Come make a difference at MGIC. About the Role We are seeking a motivated intern to join our Structured Transactions team for the summer. This role offers hands-on experience in credit risk transfer (CRT) and risk analytics. You will work on projects that combine quantitative modeling, credit risk analysis, and structured finance concepts to help inform deal pricing and capital allocation decisions. What You’ll Be Doing 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. Who You Are 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 What You’ll Gain Exposure to GSE credit risk transfer programs and structured finance analytics Opportunity to work on real-world projects that impact product strategy Pay Range: $37,830.00 - $56,750.00 This range aligns with current market data and reflects our commitment to competitive and equitable compensation. Salary offers are based on factors such as experience, skills, education, and training. The range may vary in certain locations to reflect local market conditions. It is not typical to initiate pay at the top of the range to account for internal equity and allow for future and continued salary growth Enjoy these benefits from day one: • 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 For additional information about MGIC and to apply, please visit our website at www.mgic.com/careers. Note to all recruitment agencies: MGIC does not accept unsolicited agency resumes. Any unsolicited resumes sent to MGIC, directly or indirectly, will be considered MGIC property. MGIC is not responsible for any agency fees associated with unsolicited resumes. A recruiting agency must have a valid, written and fully executed agency agreement to assist with a requisition. Founded in 1957 and based in Milwaukee, WI, MGIC pioneered the modern form of private mortgage insurance. Today, we remain committed to helping people achieve homeownership sooner by making affordable low-down-payment mortgages a reality. We pride ourselves on providing a meaningful and rewarding experience for our co-workers, who are the cornerstone of our company and the work we do, both within our walls and in our communities Nearly 600 employees contribute to our mission. Approximately half of our team works together at our downtown Milwaukee headquarters, while the rest of our team -- as well as our customers and the consumers who benefit from our product – are located all over the country. Our Milwaukee team members enjoy a hybrid environment with opportunities to connect and collaborate with colleagues in the office 3 days a week, while maintaining a flexible approach to the modern workweek.  Our HQ offers free parking, the Plaza View Café for breakfast and lunch, 24/7 fitness center access and onsite group fitness classes 3 days a week. We offer a comprehensive benefits package that considers the physical, mental and financial aspects of employee health and wellbeing. In addition to comprehensive medical, vision and dental coverage, we are proud to offer a company-matching 401(k) savings plan, profit sharing, and an annual bonus program to all eligible co-workers. Every employee has different needs, and our benefits – including parental, caregiver and bereavement leave – are designed to meet you at all stages of life, no matter which stage you’re in today. Giving back to the community is engrained in MGIC’s culture. Our Giving Back, Together program offers employees 4 paid volunteer hours, company-organized volunteer opportunities, and an employee-driven community grant program. Join our team and come make a difference at MGIC! We are an Equal Employment Opportunity (EEO) employer

Salary : $37,830 - $56,750