Commercial Banking Internship

BankIowa; Waterloo (IA); On-site; USD 25,000 - 36,000; Full time

Job summary

BankIowa, based in Waterloo, IA, offers a structured internship to explore the day-to-day functions of a community bank. The role supports the Commercial Banking Department in credit analysis, data entry and documentation, with involvement in interviews, investigations, and collections.

You will assist in preparing portfolio reports, evaluating cash flows and financial statements, and maintaining loan files.

Qualifications

• College students majoring in business, accounting, finance, or related field.
• Experience or interest in commercial banking and credit analysis.
• Detail-oriented with data entry accuracy and ability to follow bank policies.

Responsibilities

• Assist with commercial credit analysis and data entry.
• Support loan operations with timely preparation of loan documents and filing.
• Prepare portfolio management reports and loan information for management.
• Conduct collateral inspections and assist with loan collections.
• Monitor local and national business trends.
• Complete assigned projects by bank management.
• Contribute to other departments and complete annual compliance training.

Skills

Credit analysis

Data entry

Portfolio reporting

Collateral inspection

Financial statements

Compliance awareness

Education

Business/Finance student

Job description

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