Commercial Credit Intern

POSITION SUMMARY: During this internship you will learn all the skills of a Credit Analyst I through on the job experience. This position will consist of the following functions; 

Review and analyze financial information of existing and potential customers. Evaluate the risk of extending credit and prepare recommendations for the bank’s loan officers and lending committees regarding credit limits, structure, pricing, and term of loans. Prepare loan presentations to summarize all credit information relevant to the final approval.

This internship can be part-time in order to allow flexibility to work around college class schedules. 

ESSENTIAL FUNCTIONS:

Analyze financial information to assess a borrower’s creditworthiness

• Conduct an in-depth review of the balance sheet, income statement, and credit reports.
• Use spreadsheet software to put information in a more concise format to better evaluate trends and overall performance

Preparation of loan process

• Summarize financial information in a standard format.
• Detail the existing banking relationship, background of the bank and management, current request for financing, historical performance, the customer’s ability to repay (cash flow), the bank’s overall security position (collateral analysis), the risk rating, and the conclusion and recommendation.

Evaluate and monitor the bank's collateral

• Prepare real estate evaluation reports, order real estate and equipment appraisals, perform periodic vehicle inventory floor plan audits, and complete A/R confirmation audits.

Assist in monitoring watch list credits

• Work closely with loan officers to monitor the customers on the watch list.
• Prepare monthly reports to update committee members, senior management, and the board of directors.

Other duties as assigned

• Prepare Loan Committee packages and credit reports.
• Attend Loan Committee and other meetings as required.
• Complete all required training.
• Prepare periodic real estate sensitive analysis reports.
• Calculate financial covenants when required