Rotational Banking Internship (Summer 2024)

Description

Job Purpose

The Bank Rotational Internship provides a comprehensive introduction to the banking industry with an emphasis on banking operations and client experience across core banking functions: Ag & Commercial Relationship Management, Retail Banking, and Mortgage Lending. Job shadows with our Credit Administration and Treasury Management functions round out this rotational experience. This internship is ideal for students who are inexperienced with the banking industry but wish to gain experience and explore banking as a potential career path.

As a Bank Rotational Intern with Bank Iowa, you will have planned rotations with key areas across our Retail Banking and Lending Divisions. You will attend our teller training program where you will learn the fundamentals of our core banking system, bank policies, procedures, and regulations in order to perform teller transactions. Your rotation with our Personal Bankers will provide an understanding of our personal banking products, services and how we deliver superior client experience. Your rotation with our Loan Assistants & Relationship Managers will provide you an overview of our loan origination process and business development culture. You will also participate in our Bank Iowa Business Acumen learning series, where you will interact with senior leaders from around the bank, gain an understanding of our strategic plan, and how our different departments contributes to the overall success of Bank Iowa.

Essential Functions

As an intern you'll:

• Work in one of our 23 communities.
• Interact with Senior Leadership.
• Participate in weekly virtual training sessions.
• Develop business acumen.
• Complete projects and work assignments as directed in assigned areas.
• Interact, work and respond effectively with internal and external business clients.

Core Responsibilities

• Delivers friendly, superior client experience through timely and accurate processing of accounts and transactions. Answers client questions and provides account information either in person or on the phone.
• Receives checks and cash for deposits to accounts, verifies amounts, examines checks for proper endorsement, and enters deposits into appropriate records.
• Cashes checks and processes withdrawals; pays out money after verification of identity and client balances and issues computer-generated receipts.
• Counts currency, coins, and checks received, by hand or using currency-counting machine, to prepare them for deposit or shipment to other bank locations or the Federal Reserve Bank.
• Balances currency, coin, and checks in cash drawers at ends of shifts, and calculates daily transactions using computers, calculators, or adding machines. Reports discrepancies to leader.
• Works closely with Relationship Managers to learn the complete loan origination process, including our business development culture, credit analysis, underwriting, and decisioning through loan funding.
• Participates in business development meeting with prospective and existing client calls.
• Participates in loan committee meetings to obtain a further understanding credit analysis.
• Supports Loan Assistants by preparing various loan documents.
• Works closely with bank staff to gain knowledge of the bank's processes, polices, and regulations.
• Completes a wide variety of data input, word processing, copying, correspondence, reports, scanning, filing, etc.
• Perform any other related duties as required or assigned.

General Responsibilities

• Understands and complies with banking regulations by following bank policies and procedures. Stays abreast of relevant regulations, current industry matters, and any changes implemented internally to ensure compliance.

Requirements

Required Education & Experience

• Currently enrolled at an accredited 2-year junior college or 4-year college/university as a sophomore, junior or senior.
• Demonstrated leadership skills through participation in school and community activities.
• Prior cash handling/client experience preferred, but not required.

Additional Qualifications Include

• Ability to exhibit our values; Think Big, Be People-Centered, Enable Great Things, and Bring your Best.
• Strong verbal and written communication skills.

Hours of Work & Travel

• Full-time hours throughout intern program (10-12 weeks) during the Summer 2024.
• Days and hours of operation vary with each Bank Iowa location.
• Occasional travel between bank locations and to West Des Moines throughout internship.

About Bank Iowa

At Bank Iowa our purpose is to Empower People, Inspire Success and Foster Growth. Bank Iowa ranks as one of the leading independent Ag banks and the second-largest family-owned bank in the state. Our bank family consists of team members, farmers, families and businesses throughout Iowa who we serve in our 26 locations. With an ongoing commitment to community banking Bank Iowa aspires to be the bank of choice for our clients, the career of choice for our team members, a center of influence in our communities, and a point of pride for our family owners.

While our purpose is our "why" behind all that we do, our values allow us to fulfill our purpose. At Bank Iowa we strive to Be People-Centered in everything we do. We encourage our team members to Think Big beyond the immediate answer and to be creative and innovative. Team members throughout Bank Iowa Enable Great Things by taking ownership and going above and beyond. Last, we inspire all team members to Bring Your Best each and every day.

What we Offer

• A competitive financial package - we want you to bring your best so in addition to your compensation, every team member receives a bonus opportunity, a generous 401k match, and discretionary profit sharing.
• Robust benefits and wellness - we are proud to offer health, dental and vision insurance as well as a wellness program designed to help drive down your premiums. Our wellness initiatives promote positive change and allows our team members to think big.
• Blending work and life - As a people-centered organization, each team member is given a generous PTO bank. In addition to the generous PTO plan provided to team members based on years of service and work status, Bank Iowa team members receive 11 paid observed holidays, 100% paid parental leave, an opportunity for sabbatical leave, generous bereavement, and an employee assistance program to support team members throughout various stages in their lives.
• Continued learning opportunities - Bank Iowa enables great things and supports team member development at every stage of your career. Our development approach focuses on your innate talents and developing those into areas of strengths. Learning experiences are available in formal & informal training settings, as well, on-the-job training. Development programs are available in-person and online. Our tuition reimbursement program is available to support formal education programs.
• Community Involvement - Our team members are active members of their communities and people-centered. Bank Iowa aspires to be a center of influence in each of the 24 communities we are located in. In addition to company-sponsored volunteer opportunities, we offer paid volunteer time off (VTO), which allows team members to give their time to organizations they care about, without having to use PTO. 
• Recognition - Bank Iowa is proud of our team members who "Live our Values". Our peer nominated recognition program presents team members who Live our Values on an annual basis.

Bank Iowa is an equal opportunity employer with a passion for creating an inclusive environment where all people are truly welcomed, valued and respected - for all of who they are - regardless of differences. All applicants will be considered for employment without regard to age, race, color, sex, pregnancy, sexual orientation, gender identity, military service, national origin, religion, physical or mental disability, genetic information, or any other classifications protected by applicable federal, state or local laws.