Churchill Summer Internship: Fund Finance

Key Responsibilities and Duties

• Accessing the benefits of various subscription lines, asset-based lending, and CLO transactions, including developing an understanding of the structure, mechanics, and strategic purpose of each facility type within Churchill's fund complex
• Analyzing borrowing bases for active financing facilities, including reviewing relevant fund and portfolio-level data to assess availability, concentration limits, advance rates, and overall facility utilization
• Participating in legal document review as part of live deal processes and the monitoring of existing facilities, including reading and summarizing key business terms across credit agreements, fee letters, indentures, and other transaction documentation
• Summarizing data from loan tapes to support the team's understanding of portfolio composition, performance, and compliance with deal parameters
• Managing, maintaining and updating of internal databases, including tracking transactions, monitoring capital under management, and supporting the production of internal reporting and analytics deliverables

• Preferred candidate will be a rising Senior (Class of 2028) or rising Junior (Class of 2029) expected to graduate with a Bachelor’s Degree in Finance
• Strong attention to detail; careful review of facts and figures, quick to identify errors, ensure consistency of information
• Superior Excel skills, with demonstrated ability to express complex ideas in a clear and concise manner
• Outstanding interpersonal and written communication skills, effective and strong active listening skills
• Proven track record of success collaborating in a fast-paced, results driven team environment
• Innovative and creative thinker; ability to make connections among previously unrelated notions, ability to project how potential ideas may play out

• High School Preferred
• Work Experience No Experience Required

• Physical Requirements:
  
  Sedentary Work

• Career Level 2IC
• Base Pay will be $30.00 per hour

• Accountability
• Adaptability
• Business Acumen
• Collaboration
• Communication
• Consultative Communication
• Data Analysis
• Influence
• Market/Industry Dynamics
• Problem Solving
• Relationship Management

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to U.S. middle market private equity firms and their portfolio companies across the capital structure. With over $52 billion of committed capital, we provide first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments, secondary solutions and private equity fund commitments. Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy and investment approach are driven by nearly 200 professionals in New York, Charlotte, Chicago, Dallas and Los Angeles.

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At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values:
Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose, accelerating innovation…