Intern

Neuberger is seeking a highly motivated Summer Intern to support the Specialty Finance team across our New York and Redwood City offices. The intern will assist with investment analysis, portfolio monitoring, market/industry research, and deal execution workflows across specialty finance strategies (e.g., asset-based lending, consumer/SME credit, lending platforms, structured credit, and other opportunistic credit assets). This role offers hands-on exposure to credit underwriting, structuring, and portfolio management.

Key responsibilities

• Deal / investment support

  • Build and maintain Excel-based financial models (cash flows, scenarios/sensitivities, leverage, downside cases).

  • Support credit underwriting: borrower/platform assessment, collateral review, unit economics, covenant and structure analysis.

  • Assist with investment memos, IC materials, and diligence trackers (requests, document lists, key findings).

• Portfolio monitoring

  • Track portfolio performance metrics (e.g., delinquencies, defaults, recoveries, prepayments, advance rates, covenants).

  • Prepare recurring monitoring dashboards and flag variance vs. underwrite case.

  • Support watchlist notes and quarterly/annual review materials.

• Market and industry research

  • Research specialty finance subsectors, regulatory developments, competitive dynamics, and funding markets.

  • Summarize key themes and implications for portfolio positioning and new opportunities.

Qualifications

• Currently pursuing an undergraduate degree in Finance, Economics, Math/Statistics, Engineering, or a related field.

• Strong analytical skills and comfort with financial statements, credit metrics, and cash-flow thinking.

• Advanced Excel skills (modeling, pivots, lookups; VBA a plus). Familiarity with PowerPoint.

• Clear written communication and the ability to synthesize complex information into concise takeaways.

• High attention to detail, strong organization, and the ability to manage multiple workstreams under deadlines.

• Interest in private credit / specialty finance and an eagerness to learn underwriting and structuring.

Preferred (nice-to-have)

• Prior internship experience in investment banking, private credit, asset management, consulting, fintech, or risk.

• Familiarity with SQL/Python, data visualization tools, or credit datasets (performance tapes).

• Exposure to consumer credit, ABS, warehouse facilities, or structured products.

Location & work model

• Based in New York, NY and Redwood City, CA

• 4-5 days in office

What you’ll gain

• Direct exposure to specialty finance investing, from diligence through monitoring.

• Mentorship from a lean, execution-oriented team and opportunities to contribute to real-time investment decisions.

• Development of practical skills in credit underwriting, structuring, and portfolio analytics.

#DNI

Compensation Details

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

Neuberger Berman is an equal opportunity employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact [email protected].

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