Public Finance Investment Banking Intern – Hospitality Finance

Job Description

Public Finance Investment Banking Intern – Hospitality | Piper Sandler

The Tone:
This is a full-time internship at Piper Sandler, located in Phoenix, AZ. Piper Sandler connects capital with opportunity, building a better future by enabling the growth and success of clients through deep sector expertise and candid advice. The company is committed to recruiting, developing, and retaining high-performing individuals who work in partnership to achieve at a high level. This role is crucial for providing extensive analytical and quantitative support, assisting senior bankers in delivering investment banking services to clients within the specialized Hospitality Finance Group, contributing to significant capital raising for hospitality projects.

The TL;DR
• Role: Internship
• Type: Full-time
• Location: In-person, Phoenix, AZ
• Pay: $25–$30 hourly
• Team: You will join the national Public Finance group, specifically the Hospitality Finance team, providing support to senior bankers.
• Mission: Provide extensive analytical and quantitative support for senior bankers to deliver investment banking services, raising capital for hospitality-related needs and infrastructure projects.
• Tech Stack: Excel, DBC Finance (preferred)

What You’ll Actually Do
• Model: Develop comprehensive quantitative financial models to structure and optimize public, public-private, and private transactions.
• Propose: Prepare presentations and responses for proposals and new business development initiatives.
• Analyze: Conduct analyses on client capital structure, debt capacity, and credit profiles, using public and internal resources.
• Research: Monitor and track activities of credit rating agencies in target sectors, maintaining relevant credit report databases and briefing bankers on trends.
• Document: Assist in the preparation of critical bond documents, including credit presentations, offering memorandums, pricing materials, and legal documents.

The Must-Haves
• Background: Minimum B.S. or B.A. with a major in finance, real estate, hospitality, business, or a related field; a student seeking advancement within the firm.
• Experience: 0-2 years preferred, with experience in hospitality, real estate investment and underwriting, or hospitality finance and underwriting being a plus.
• Skills: Advanced proficiency in Excel, strong analytical and quantitative abilities, excellent interpersonal and communication skills, and effective project management.
• Bonus: Working knowledge of DBC Finance, a proactive and entrepreneurial mindset, and the ability to multi-task with strong attention to detail in a deadline-sensitive environment.