Commercial Banking Internship
bankiowaWaterloo, IA
Commercial Banking Internship
bankiowaWaterloo, IA
yesterday
Industries
Commercial BankingSavings Institutions and Other Depository Credit IntermediationCredit UnionsAbout the role
This internship is scheduled to run May through August 2027! Come join our team!
Position Summary:
The purpose of this bank internship is to gain a thorough understanding of everyday functions of a community bank. This position will be assisting the Commercial Banking Department in all aspects of developing and managing commercial loan portfolio. Emphasis will be placed on credit analysis process and data entry, but also includes other areas of the lending process such as interviews, investigation, documentation, and collection.
Primary Accountabilities And Responsibilities
Accountability 1: Assist with commercial credit analysis process including data entry. (30%)
Accountability 2: Assist the loan operations with the accurate and timely delivery of loan documents and to maintain loan files and tracking in accordance with bank policy. (15%)
Accountability 3: Assists in preparing portfolio management reports including credit reports, annual reviews, cash flow, financial statements, and inspection reports. Provides executive management with reports and loan information, as required. (15%)
Accountability 4: Conduct inspections of collateral. Assist with collecting loans. Initiates and follows through with liquidation/foreclosure, when necessary. (10%)
Accountability 5: Monitor local and national business trends. (10%)
Accountability 6: Complete a project as assigned by bank management (10%)
Secondary Duties and Responsibilities: (10%)
Assist in other departments of the bank as needed.
Comprehend and comply with all pertinent Bank Secrecy Act/OFAC/CIP policies and procedures. Complete annual training. Identify customers and establish expected patterns of behavior through customer profiles, NBFI forms, and risk ratings. Communicate any unusual activity or loan fraud to the BSA Officer.
Responsible for following bank policies and procedures for compliance relative to the functions of their positions. Employee will also be responsible for completing applicable annual compliance training as required by compliance laws, regulations and bank policy.
Education, Experience, And Other Requirements
College students majoring in business, accounting, finance, or related field.
Performance Measures
Models and upholds BankIowa's Behavior Standards
Punctuality and attendance
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JOB OVERVIEW
Experience level
Intern
Location
Waterloo, IA
Occupation
Credit Analysts
Industry
Commercial Banking
Posted
yesterday
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