Summer 2027 Intern - Investments - Mortgage/Real Estate

State Farm•Richardson, TX

4d•Hybrid

About The Position

The State Farm Investment Department manages more than $400 billion in assets in support of one of the leading personal auto and home insurers in the United States. As an investment intern, you will gain hands-on experience working alongside professionals responsible for managing a large and diversified institutional investment portfolio. The Investment Department manages assets across a broad range of asset classes, including: Public and Private Corporate Bonds, Municipal Bonds, Structured Products, including ABS, RMBS, and CMBS, Sovereign Debt, Private and Public Equity, Commercial Mortgage Loans, and Real Estate. The Mortgage/Real Estate Investment Team manages a portfolio of more than $23 billion on behalf of State Farm. Investments include commercial, multifamily, and construction mortgage loans, as well as wholly owned real estate equity investments, and REIT securities. Investments are originated and managed by regional mortgage teams and dedicated real estate equity and REIT teams. Our processes and systems support disciplined underwriting, an expansive sourcing network, and diligent asset management. State Farm is a relationship-oriented lender and equity capital provider with a well-established and growing commercial real estate platform. Interns will work at the State Farm CityLine campus in Richardson, Texas, within the Dallas-Fort Worth metropolitan area.

Requirements

Currently enrolled college students who will have completed their junior year by start of the internship.
Cumulative GPA of 3.5 or higher preferred, with a record of academic and personal achievement.
Coursework, relevant experience, or expressed interest in areas such as real estate, investments, accounting, financial statement analysis, economics, and corporate finance.
Strong analytical, critical thinking, and risk assessment skills.
Ability to work collaboratively as part of a team, as well as operate independently.
Effective customer service and interpersonal skills, including the ability to create, build, and maintain relationships with internal and external parties.
Excellent influencing, problem-solving, and communication skills.
Strong prioritization, time management, and organizational skills to meet deadlines while maintaining attention to detail.
A desire to continuously learn, develop expertise, and apply new knowledge into action.
Authorized to work in the United States at the time of hire.

Responsibilities

Assist with investment origination, due diligence, and financial modeling to support the continued growth of the commercial mortgage loan and real estate equity portfolios.
Prepare and present investment recommendations to senior leadership for investment selection and approval.
Gain exposure to asset management through our annual loan review and risk rating process, including an evaluation of individual property performance.
Analyze and evaluate economic data, local market research, property comparables, and tenant financial information to support risk assessments, valuations, and investment decisions for multifamily, industrial, office, and retail property types.
Complete special projects for various functional areas within the real estate portfolio, including mortgage loans, real estate equity, and REITs.
Participate in an on-site property inspection and related due diligence alongside State Farm real estate professionals; meet with local real estate owners, developers, and brokers to learn how industry relationships are developed.