Intern Private Debt (f/m/d)

We are currently looking for Private Debt Interns to join our Global Private Credit Team within the Global Investment Platform! The position will be based in our Munich and/or Frankfurt office.

About the Job

In this role, you will be part of the AllianzGI Private Markets investment platform, which manages more than EUR 100 billion in assets and comprises over 150 investment professionals.

The Global Private Credit team invests globally in corporate, real estate, infrastructure, as well as energy transition private debt funds, with a focus on senior, subordinated, and opportunistic credit strategies.

We are seeking a motivated and detail-orientedInvestment Data Analyst Intern to join our team. This is a hands-on opportunity to gain real exposure to the full lifecycle of private credit investing, collaborating across investment, technology, and analytics functions on work that directly informs how we manage and grow our portfolio.

This role sits at the intersection of finance and data – ideal for someone who is as comfortable building a performance dashboard as they are diving into credit fundamentals. You will take ownership of meaningful projects from day one, in a fast-paced environment where your output will be seen and used by the people making investment decisions.

What you do

Contribute to data infrastructure projects, including improving internal database architecture and supporting AI and LLM enablement initiatives during the underwriting of investment opportunities

Lead data preparation and feature engineering efforts by collecting, cleaning, and structuring financial and operational data from lender/advisor reports, data rooms, and third-party providers

Build and maintain performance tracking dashboards in Power BI to monitor portfolio-level metrics including yield, NAV, leverage, coverage ratios, and default rates

Continuously develop and improve process automation using Python, SQL, and tools such as MS Power Automate, MS PowerApps, and/or Apache Airflow

Support market research and portfolio analytics on private credit trends, including spread movements, deal terms, and sector dynamics

Translate quantitative insights into clear inputs for investment committee materials and strategic discussions.

What you bring

Currently pursuing a Bachelor's or Master's degree in Engineering, Mathematics, Finance, Economics, Statistics, or a related quantitative field

Proficiency in Python; experience with AI/LLM tools (e.g., prompt engineering, API integration, or RAG-based workflows) is advantageous

Strong proficiency in data visualization and reporting tools, preferably Power BI; experience with Tableau or similar tools is a plus

High attention to detail with a structured and rigorous approach to working with data

Ability to manage multiple workstreams and deliver under deadlines

Strong written and verbal communication skills in English; German is a plus

Familiarity with financial statements and core credit concepts (e.g., leverage, interest coverage, DSCR), or a strong willingness to learn

Prior experience in finance, banking, or asset management is welcome but not required

You must have a valid enrolment certificate issued by your university for the entire duration of your internship

For non-EU/EEA nationals studying in Germany, compliance with maximum working day allowances is required

Availability for a full-time internship starting from June/July, with a duration of 6 months or longer

Ability to use Microsoft Copilot, with a strong commitment to ethical and responsible AI practices.

What we offer

Balanced work environment: A dynamic office culture that supports flexibility and collaboration

Mental health and wellbeing programs (EGYM Wellpass)

Mobility solutions (Subvention Jobticket, Deutschlandticket etc.)

Canteen subsidy

Corporate benefits

… and so much more!

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager, managing assets for individuals, families, and institutions worldwide. Our shared goal to shape a future of opportunity for our clients is foundational to our culture and our values. We look to attract, and actively nurture, individuals with the drive to achieve excellence at every stage of the investment experience.

We believe an inclusive culture is key to a flourishing workforce. Not only do we celebrate the broad range of experiences, backgrounds, and attributes that our workforce brings, but we support our people to live and work in a way that promotes their own wellbeing.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges is what makes us a unique employer.

We are united by a shared commitment: to put our clients first and at the centre of everything we do. Their needs inspire our thinking and guide our actions.

Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our clients and for the world around us. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

If you feel inspired to promote the active asset management experience, this is the place for you. Join our international, technology-enabled, and agile environment. Simply upload your CV in English to apply for this position.  If you need support to navigate our websites or at any stage during your application, please send an email with your request to recruiting@allianzgi.com.

Join us. Let’s care for tomorrow.

How to Apply

Applying is quick and easy. Simply upload your CV, complete your personal details, confirm your consent for AI support in the “Additional Information” section, and submit your application.

To support our recruiters, we use Fit Score—an AI powered tool that highlights how closely your profile aligns with the role. This helps us review applications more efficiently and focus on what matters most: your skills and experience.

Good to know: The Fit Score is a support tool only. At Allianz, technology never replaces human judgment. Every application is carefully reviewed by our recruiting teams, ensuring a fair, thoughtful, and personal hiring process.

100852 | Asset Investment Management | Student | n.a. | Allianz Global Investors | Full-Time | Temporary