Commercial Banking Intern

First Bank Trust; Edina (MN); In loco; USD 29.000 - 37.000; Tempo pieno

Vantaggi offerti da questo lavoro

Medical Insurance

Dental Insurance

Vision Insurance

Health Savings Accounts

401(k) ESOP

Paid Time Off

Flexible Work Arrangements

Paid Parental Leave

Student Loan Repayment Assistance

Descrizione del lavoro

First Bank & Trust in Edina, MN invites an internship to learn underwriting fundamentals of commercial loans. You will analyze smaller credits and participate in credit administration while gaining exposure to Business Solutions, Cash Management, and Wealth Management Services.

The role emphasizes attention to detail, communication, and customer service as you observe loan meetings, compile underwriting information, and support cross-functional banking teams.

Competenze

• Three years of business coursework or equivalent experience.
• Detail oriented with excellent communication and customer service.
• Self-motivated and eager to learn commercial banking.

Mansioni

• Interview loan applicants and analyze financial data for proposals.
• Observe loan meetings and describe loan types and products.
• Prepare underwriting information and assess credit worthiness.
• Assist with risk rating credit lines and regulatory findings.
• Develop knowledge of banking products and cross-sell services.
• Use banking systems and participate in compliance training.
• Complete special projects and support department operations.

Conoscenze

Analytical skills

Attention to detail

Customer service

Communication skills

Formazione

Three years of business coursework

Descrizione del lavoro

Job Description

As an intern, this person will learn the fundamentals of underwriting commercial/business loans. This person will engage in commercial banking basics by analyzing smaller commercial credits, along with credit administration. This position will include exposure to Business Solutions/Cash Management and Wealth Management Services.

Qualifications

This person should have a minimum of three years of business-related classes in a higher learning setting or equivalent. Being detail oriented and having excellent communication and customer service skills are essential. This person should be self-motivated with an eagerness to learn all aspects of Commercial Banking.

Principal Responsibilities

• Participate in interviewing loan applicants, collect, and analyze financial and related data to formulate proposals for existing and prospective clients.
  • Observe meeting with loan customers
  • List and describe various loan types and products
  • Compile and prepare proper underwriting information
  • Introduction to credit worthiness and cash flow by analyzing credit information and referring to policy and guidelines
  • View loan servicing and closing
• Assist with analyzing and risk rating credit lines requiring Loan Committee review. The analysis must be consistent with the findings of the appropriate regulatory agencies.
• Gain knowledge of banking products and services. Develop and maintain effective working relationships throughout First Bank & Trust to promote cross-selling of products and services.
• Utilize banking systems and observe how they integrate into business processes.
• Gain skills related to professionalism, financial analysis, decision-making, customer service and communication.
• Complete special projects as assigned.
• Attend loan meetings as directed and participate in decisions that affect ongoing and future operations of the department.
• Maintain confidentiality, integrity, and honesty, especially in dealing with customer information.
• Act in accordance with FBT policies and procedures as set forth in the employee handbook.
• Adhere to compliance procedures and participate in required compliance training and all meetings deemed appropriate by supervisor.

Compensation

The anticipated hourly range for this role is between $20.84 and $27.08. This range is a good faith estimate for the position. The actual compensation offered to a candidate may differ based on various factors, including the individual’s relevant experience, training, skills, work location, and other considerations. For those in eligible roles, we offer incentive compensation based on individual performance. Furthermore, this role may qualify for a variety of benefits, such as Medical, Dental, and Vision insurance, Health Savings Accounts, 401(k)/ESOP, Paid Time Off, Flexible Work Arrangements, Paid Parental Leave and Student Loan Repayment Assistance.

Compensation Grade

Hourly Grade 3

Equal Opportunity

First Bank & Trust is an Equal Opportunity, affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability, or status as a protected veteran. Read our complete Equal Employment Opportunity Policy Statement. Applicants who would like to request reasonable accommodation to the application or interview process should call Human Resources at 800.843.1552 or email [e-mail].