About the role#
Join the Workout Group within our Portfolio Management team for a summer internship. You will gain hands-on experience managing and restructuring distressed loans and customers. Our primary goal is to help the bank maximize recoveries while mitigating risk and preserving capital. This role offers exposure to complex credit situations, legal documentation, and risk mitigation strategies.
What you'll do#
- Assist in coordinating and managing workout and restructuring situations for the Banking Americas portfolio.
- Analyze industry trends, company performance, and management projections to determine if proposed transactions are feasible.
- Analyze valuation sensitivities relative to proposed capital structures to determine potential recoveries.
- Review legal documents and collaborate with internal and external counsel.
- Support negotiations with agents, syndicate lenders, financial advisors, legal counsel, and customers.
- Help prepare and maintain monthly Workout Loans Lists and Workout Status Reporting.
- Participate in preparing internal applications and seeking necessary approvals.
- Work with Credit Administration to book amended credit facilities.
- Prepare reporting for Head Office, including Bankruptcy and Delinquency forms and Default Surveys.
- Monitor the distressed secondary loan market and assist in de-risking workout exposure.
- Use external resources such as Octus, CreditSights, S&P, Moody’s, and Capital IQ to help manage workout situations.
What you'll need#
- Currently pursuing an undergraduate degree in Finance, in your penultimate year.
- Graduation date between December 2027 and June 2028.
- Strong quantitative and analytical skills.
- Effective oral and written communication skills.
- Proficiency in MS Word and Excel.
- Good interpersonal skills and a team-oriented mindset.
- A genuine interest in credit risk, restructuring, and distressed asset management.
Location & details#
- Location: New York, New York.
- Term: Summer 2027.
- Modality: On-site.
- Employment: Full-time.
- Compensation: $35 per hour.
- Sponsorship: Not available for this position.
About Mizuho
Mizuho is a public financial services company based in Tokyo, Japan. It operates as a large international bank with over 15,000 employees. The firm provides services including corporate and investment banking, asset management, and sales and trading. It maintains a global network of offices across North and South America, as well as Asia.
How to get in at Mizuho
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