Public Finance Investment Banking Intern

Job Description:

At Piper Sandler, we connect capital with opportunity to build a better future.

We enable growth and success of our clients through deep sector expertise, candid advice and a differentiated, highly productive culture. Our mission is to recruit, develop, and retain high-performing people that are bright, committed, and who work in partnership with others to achieve at a high level.

About our Public Finance Group

We are a national public finance investment banking franchise with a diversified business focused on middle market issuers and specialty sector expertise. Our core business is partnering with not for profits, private developers, and state and local governments to raise capital for infrastructure projects through the issuance of tax exempt and taxable bonds. We finance a broad spectrum of projects across our regional footprint and our specialty sector coverage. We emphasize a "mentorship" culture where junior bankers get direct exposure to senior bankers and clients early on. Our employees are able to transition to more senior roles in the firm, corporate finance, or graduate school (MBA/MPP). Learn more about our public finance team here.

We are seeking a Public Finance Investment Banking Intern to join the Hospitality team in Phoenix, AZ.

About the Sector

The Hospitality Finance Group is a team of bankers and analysts dedicated to providing uniquely tailored strategies to assist clients in raising capital for their hospitality-related needs, including new development, redevelopment, refi, recap, acquisition, economic development support and enterprise level projects. Piper Sandler is the only investment banking firm with a group dedicated to this sector that serves our clients’ needs in both the conventional debt and equity and the taxable/tax-exempt bond capital markets. The Hospitality Finance Group at Piper has been the leader in this market over the last twenty-eight years, having successfully completed over $20-billion and 60,000-rooms for our hospitality clients nationwide.

About the Role

Our Public Finance Investment Banking Intern-Analyst offers an opportunity to provide extensive analytical and quantitative support as well as other transaction support to assist senior bankers in providing investment banking services to our clients. In addition to strong analytical and communication skills, the most successful applicant will demonstrate a high degree of financial aptitude and will thrive in a fast-paced, highly collaborative team. Please note that this is a full-time (40 hours/week) internship. It is intended to become a full-time Analyst role soon after completion of the internship period. Consideration for a full-time position is dependent upon performance.

Responsibilities

• Developing comprehensive and dynamic quantitative financial models to structure and optimize public, public-private and private transactions
• Preparing presentations and RFP/RFQ responses for proposals and new business development
• Prepare marketing materials for conventional debt and equity capital raising processes
• Preparing analyses on client capital structure, debt capacity and credit profile and researching issuer financial information using public and internal resources
• Monitoring and tracking of activities of credit rating agencies in target sectors and keep database of relevant or potentially relevant credit reports for future access. Brief bankers on important, relevant, examples and overall trends
• Gathering and maintaining data and research on hospitality industry trends, supply and demand predictions and capital markets
• Interacting with internal and external financing team members in developing, executing and closing of transactions
• Assisting in the preparation of bond documents to include credit presentations and summaries, offering and placement memorandums, pricing materials, financing and legal documents, and closing instructions

Qualifications

Attracting only the very best professionals has been and will continue to be a key element of our success. We are focused on hiring candidates with genuine potential and interest for advancement within our firm. Piper Sandler seeks dedicated and motivated individuals possessing demonstrated academic achievement as well as leadership, organizational and teamwork skills. The ability to create innovative solutions, articulate complex ideas and adapt to a rapidly changing environment is essential. A succe