About the job Finance Internship (Funds & Operations) - Rio de Janeiro
About Us
Mubadala Capital is a global alternative asset management platform that manages, advises and administers for clients and limited partners over $600 billion in assets through its wholly owned businesses and strategic partnerships. As a subsidiary of Mubadala Investment Company, Mubadala Capital combines the scale and stability of sovereign ownership with the agility and focus of a performance-driven global alternative asset management firm.
Mubadala Capital's wholly owned core alternatives businesses manage and invest over $60 billion in assets across private equity, special opportunities with a focus on Brazil, credit, venture capital, as well as Solutions and co-investment platforms. Additionally, Mubadala Capital maintains a portfolio of strategic businesses and partnerships in private wealth, public credit, insurance, and real estate, among other areas.
With more than 250 professionals across offices in Abu Dhabi, London, New York, Rio de Janeiro, and San Francisco, Mubadala Capital serves as a partner of choice to institutional and private investors seeking differentiated risk-adjusted returns across private markets.
Brazil
Mubadala Capital's Brazil business has been active since 2011 and has built a diversified portfolio of private assets through the completion of several transactions including mergers and acquisitions, restructurings, corporate carve-outs, bankruptcy workouts and other types of special situations. The Brazil team is based in Rio de Janeiro and supported by the Mubadala Capital offices.
Mubadala Capital's Brazil team employs an active investment approach, strategically designed to take advantage of attractive investment opportunities in situations of distress, while capitalizing on the team's unique experience in the local Brazilian market.
The investment strategy is anchored around the following key principles:
- Emphasis on special situation investments across the capital structure, driven by financial strain, distress or complex situations.
- Acquire high-quality businesses at a discount to their intrinsic value, creating a margin of safety at the closing of a transaction that reduce the dependency on Brazil's economic cycles and currency while retaining the upside exposure associated with a growing economy.
- Front-load risk into deal structuring, negotiation, and execution – once a transaction is completed, the situation that created the initial distress, and therefore the discount to intrinsic value, is often resolved.
- Use of a fundamental-driven investment strategy that focuses on financial improvements, value creation and opportunities to structure downside protection.
With a track record spanning sectors such as education, energy, and infrastructure, we bring hands-on expertise to each investment. Backed by over $6.1 billion in AUM, Mubadala Capital is one of Brazil's largest alternative asset managers— committed to unlocking opportunities in one of the world's most dynamic economies.
What will you be doing?
- Support the Brazil Finance, Funds and Operations team.
- Develop strong relationships with the finance team of Mubadala Capital and the broader Mubadala Capital ecosystem.
- Support cash management, bank account reconciliations, treasury activities, foreign exchange contracts, etc.
- Support the financial closing process, including fund accounting, financial statements, and investment performance tracking.
- Support the team in preparing responses to internal and external audit requests.
- Support the preparation and review of capital calls and distributions to investors.
- Assist with the preparation and review of fund management fees, partner allocations, waterfall, and carried interest calculations.
- Support the Finance team as defined by the line manager.
What can we offer you?
This is a high-growth business, supporting a tremendously exciting, innovative sector and so naturally sharing that mindset will allow you to go far with us here at Mubadala Capital.
We want to position ourselves at the forefront of the local market and with that in mind, we aim to provide you with:
- A highly competitive scholarship.
- Core benefits including Private Medical Health and Dental Insurance.
- Practical support for personal learning and development goals.
- An ability to apply flexible working arrangements.
- A top-class office in Rio de Janeiro.
- A business, with a group of talented people, that sets a high bar in both collaborative working and high-level professionalism.
What are we looking for?
- Fluency in spoken and written English and Portuguese is required;
- Enrolment in a Brazilian Accounting, Business Administration, or Economics degree program is required, with a preference for students in their 4th, 5th or 6th semester.
- Prior internship experience in accounting or finance is highly desirable.
- Availability to work in the morning or afternoon.
- Microsoft Office skills including proficiency in Excel.
- Should possess a strong work ethic and a high level of attention to detail.
- Demonstrated ability and interest to work with a small group of investment professionals in a dynamic environment.
- Strong interpersonal skills, including excellent oral and written communication skills.
- Dedicated team player with a strong sense of ownership and an entrepreneurial mindset.
We're an Equal Opportunities employer and we believe in the value of creating diverse teams to drive innovation that fuels successful organizations. We welcome applicants from all walks of life, brought together by their passion and mastery to help achieve our investment and growth ambitions.