Aegon AM - Full Time Internships - Real Assets
PLEASE NOTE: We are hiring eight (8) students for a real estate internship. Five (5) interns will work in the Real Assets Debt group and three (3) interns will work in the Real Assets Equity group. The internships are full time / forty (40) hours per week, beginning August 2023 and ending January 2024.
Company Overview:
Aegon Asset Management is leading global investor. Our 385 investment professionals manage and advise on assets of US $299 billion for a global client-base of pension plans, public funds, insurance companies, banks, wealth managers, family offices and foundations.
We organize our investment capabilities around four focused platforms: fixed income, real assets, equities, and multi-asset & solutions. Each platform has dedicated teams with deep asset-class expertise, organized globally and committed to maximizing client benefit from their specialist areas.
We share a common belief in fundamental, research-driven active management, underpinned by effective risk management and a commitment to responsible investment.
We are an international business: Our 1,200 employees work from 15 locations across Europe, the Americas and Asia.
Responsibilities:
REAL ASSETS DEBT:
The Intern will assist Loan Officers in the CML production department with the deployment of approximately $2 billion of capital into commercial real estate loans across the country. Tasks include valuation of commercial properties using a discounted cash flow analysis, market analysis, preparation of loan applications, and preparation of materials for loan committee presentations. Committee presentations include the identification of property and market risks and their mitigating factors, a summary of loan terms, location analysis, demographic information, photos, and aerials. Interns are also asked to participate in meetings and conference calls to communicate loan terms, negotiate applications, discuss market and borrower topics, and to observe Loan Committee presentations.
The Intern will assist Debt Asset Managers in the Real Assets Asset Management department in all facets of activities associated with special borrower requests and troubled loans. Tasks include the development of servicing action memos, lease reviews, development and implementation of loan workout strategies, discounted cash flow analysis, and numerous other activities necessary to properly manage a loan asset throughout its life cycle. In addition, they will assist in maintaining current information on loan management system and assist with the processing of annual property inspection reports, assist tax analysts by pulling tax bills for portfolio loans and assist valuation analysts in pulling and tracking borrower and property data.
REAL ASSETS EQUITY:
Support Asset Managers, Portfolio Managers, and Real Estate Analysts in managing a $4.5 billion low-income housing portfolio with projects located across the country. Tasks include analyzing and reviewing quarterly and annual financial statements, reviewing partnership and loan documents, consolidating data on new investments, preparing site inspection forms, and participating in discussions with developer partners on construction, leasing, and/or operational performance. Additional responsibilities include assisting the portfolio management team with investor due diligence and general portfolio management, supporting the reporting team by ensuring the accuracy of data in management systems and producing investor reporting, and participating in meetings to review investment opportunities, discuss approaches to manage risk, and develop strategies to manage investments.
Required Qualifications:
- Must be currently enrolled full-time at a college or university pursuing a degree in Real Estate, Finance, Economics, Accounting, or similar field
- Internships are not available for students who have completed their undergraduate college education or who will graduate prior to the conclusion of the internship
- Strong written & verbal communications skills
- Ability to work independently and as part of a team
- Detail-oriented
- Reliable, dependable
- Working knowledge of Microsoft Word, PowerPoint, Excel
Job and compensation levels depend upon an applicant’s qualifications including the extent of his/her relevant experience and other job related factors and will be determined by hiring supervisors/managers and HR.
At Aegon Asset Management, we are committed to fostering a diverse workforce and an inclusive culture. We are more than a global Asset Management firm – we are a people business, and we recognize that delivering excellent client outcomes comes from harnessing diverse perspectives. We value diversity in the full range of human uniqueness without limitation including race, gender, ability, language, culture, beliefs, age, origin, background, perspectives and experiences.