Overview
Sumitomo Mitsui Banking Corporation is seeking a data management intern to join the Strategic Credit Products Department, which is comprised of SMBC’s Leveraged / Sponsor Finance and Lender Finance businesses. The Sponsor Finance Group provides financing solutions to support leveraged buyout and merger & acquisition transactions for private equity backed companies. The Lender Finance Group provides financing solutions to direct lenders and asset / CLO managers. The position will report into the department’s Risk Management Group.
The position’s primary responsibility is to support the initial build-out of a portfolio metrics database. The Intern will review confidential credit applications, financial reporting packages, and compliance certificates to gather and transcribe selected financial data and metrics into a secured database. The Intern will have ample opportunities to interact directly with SCAD’s Leveraged Finance and Lender Finance professionals on a regular basis, which provide excellent opportunities to get exposure to and learn about these businesses. This limited duration position will last through March 31, 2024; and must be on site in NYC.
Candidates must demonstrate a high degree of attention to detail, ability to complete work accurately and in a timely manner, and proactively seek guidance from SCAD members when necessary. Business students with advanced accounting coursework preferred.
The position will be onsite. In-office work hours will be highly flexible to accommodate class schedules.
The anticipated salary range for this role is between $20 and $30. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Responsibilities
- Review confidential credit applications, financial reporting packages, and compliance certificates to gather and transcribe financial data and metrics into a secured database.
- Proactively and independently seek guidance from SCAD members as necessary in order to ensure data accuracy.
Qualifications
- Basic accounting knowledge and ability to read and understand financial statements. Advanced accounting and finance coursework preferred.
- A high degree of attention to detail
- Ability to complete work accurately and in a timely manner
- Know when to proactively seek guidance from SCAD members in order to ensure data accuracy