MGIC

At MGIC, we take pride in knowing that what we do matters. As pioneers of private mortgage insurance, we help people achieve homeownership sooner - making affordable low-down-payment mortgages a reality. Our efforts have helped more than 14 million people get the keys to their own homes sooner than otherwise possible. Every position is critical to our company's success - from the analytical to the technical; from the strategic to the tactical. The customer-facing roles to behind-the-scenes experts, we're all part of one team. We're an organization with a national footprint that's large enough to never lack for a new challenge, but small enough for an opportunity to make an impact and influence decisions. Come make a difference at MGIC.

About the Role

We are seeking a motivated intern to join our Structured Transactions team for the summer. This role offers hands-on experience in credit risk transfer (CRT) and risk analytics. You will work on projects that combine quantitative modeling, credit risk analysis, and structured finance concepts to help inform deal pricing and capital allocation decisions.

What You’ll Be Doing

• Test third party Python scripts used for CRT cashflow modeling
• Compare model outputs by utilizing internal development cashflow dashboard
• Assist in analyzing CRT transaction structures, including tranche mechanics and pricing metrics
• Collaborating on ad-hoc projects related to structured finance and credit risk analytics
• Present your findings and insights to team members and managers.

Who You Are

• Pursuing a bachelor’s or master’s degree in quantitative finance/financial engineering, Economics, Risk Management, Applied Mathematics, or a related quantitative field.
• Ability to work full-time hours throughout the summer on-site at our downtown Milwaukee campus
• Basic proficiency in Python for data validation and modeling
• Strong analytical and problem-solving skills with attention to detail
• Strong verbal and written communication skills and ability to translate technical findings into business terms

What You’ll Gain

• Exposure to GSE credit risk transfer programs and structured finance analytics
• Opportunity to work on real-world projects that impact product strategy

Pay Range:

$37,830.00 - $56,750.00

This range aligns with current market data and reflects our commitment to competitive and equitable compensation. Salary offers are based on factors such as experience, skills, education, and training. The range may vary in certain locations to reflect local market conditions. It is not typical to initiate pay at the top of the range to account for internal equity and allow for future and continued salary growth

Enjoy these benefits from day one:

• Competitive Salary & pay-for-performance bonus
• Financial Benefits (401k with company match, profit sharing, HSA, wellness program)
• On-site Fitness Center and classes (corporate office)
• Paid-time off and paid company holidays
• Business casual dress

For additional information about MGIC and to apply, please visit our website at www.mgic.com/careers.

Note to all recruitment agencies:

MGIC does not accept unsolicited agency resumes. Any unsolicited resumes sent to MGIC, directly or indirectly, will be considered MGIC property. MGIC is not responsible for any agency fees associated with unsolicited resumes. A recruiting agency must have a valid, written and fully executed agency agreement to assist with a requisition.