Credit and Loan Department Intern - Summer 2027

Availa Bank; Ames (IA); On-site; USD 24,000 - 32,000; Full time

Job summary

Availa Bank in Ames, IA invites applicants for the Credit and Loan Department Intern position. This summer internship provides hands-on exposure to agricultural lending, loan processing, underwriting, and bank operations, with a focus on customer service and regulatory compliance.

The program runs Summer 2027, roughly 28–35 hours per week, Monday through Friday, 9:00 AM–4:00 PM. Candidates should be pursuing Agriculture or Finance studies, hold a high school diploma, and demonstrate strong

Qualifications

• High school diploma or equivalent required.
• Open to Sophomore or Junior year of college.
• Customer service or banking experience encouraged.
• Enrolled in Agriculture or Finance program preferred.
• Able to work flexible hours and shifts.
• Valid driver’s license and reliable transportation.

Responsibilities

• Learn the loan application process for varying loan types.
• Observe the underwriting process for varying loan types.
• Analyze financial information such as statements, management accounts, and cash flow statements.
• Maintain loan files for proper documentation and closure in accordance with bank policy.
• Provide a high level of customer service and act as a liaison between client and bank operations.
• Learn the process for making recommendations on risks of extending credit to each client.
• Understand the credit application process required to approve/deny/recommend credit action.
• Observe and understand the process for attracting, establishing, and maintaining new banking relationships.
• Participate in loan committee and credit analyst meetings as needed.
• Provide support to the lending team during internship rotation (review of financial documents, spreadsheets, collateral).
• Various tasks in functional areas of the bank depending on client and business needs.
• Observe and participate in bank events to build business relationships.

Skills

Customer service

Interpersonal skills

Written communication

Oral communication

Regulatory awareness

Driver's license

Education

High school diploma or equivalent

Sophomore/Junior year in college

Job description

Availa Bank

Description:

EEO Employer

Availa Bank believes our people make a difference, and we recognize that individual differences and experiences strengthen our teams. Each member of our team is empowered to inspire and enable our clients and the communities we serve to achieve financial success

CREDIT AND LOAN DEPARTMENT INTERN POSITION SUMMARY

This position is responsible for working primarily in the agricultural credit and lending areas of the bank to gain experience and exposure to general bank operations.

The purpose of this internship is to offer students the opportunity to gain valuable business experience while learning in a hands‑on environment about the everyday functions of a community bank organization.

SCHEDULE

• Summer 2027
• Anticipated to be 28-35 hours per week between the hours of 9:00 AM and 4:00 PM, Monday through Friday

CREDIT AND LOAN DEPARTMENT INTERN ESSENTIAL DUTIES AND ACCOUNTABILITIES

1. Learn the application process for varying loan types.
2. Observe the underwriting process for varying loan types.
3. Analyze financial information, such as statements, management accounts, and cash flow statements.
4. Maintain loan files for proper documentation and closure in accordance with bank policy.
5. Provide a high level of customer service and function as a liaison between the client and the bank operations area to ensure all client needs are met.
6. Learn the process for making recommendations on the inherent risks of extending credit to each client.
7. Understand the credit application process required to approve, deny, or recommend credit action for loan applications within an acceptable customer service and regulatory timeframe.
8. Observe and understand the process for attracting, establishing, and maintaining new banking relationships.
9. Participate in loan committee and credit analyst meetings as needed
10. Provide support to the lending team as part of the internship's rotation of duties. This will include a variety of items (review of financial documents, spreadsheets, and supporting collateral, to name a few).
11. Various tasks in functional areas of the bank, depending on client and business needs.
12. Observe and participate in bank events to build business relationships.

Requirements:

CREDIT AND LOAN DEPARTMENT INTERN ROLE QUALIFICATIONS:

Education

• High school diploma or equivalent required
• Open to applicants completing Sophomore or Junior year of college

Experience

• Customer service or banking experience encouraged
• Enrolled in course of study related to Agriculture or Finance preferred

Other Skills and Abilities

• Exceptional oral, written, and interpersonal communication skills
• Ability to apply common sense to carry out instructions, understand procedures, and speak clearly to customers and employees
• Understands computer and other equipment capabilities and limitations
• Ability to comprehend and retain regulatory and compliance policies and procedures
• Exhibit patience; remain personable and provide a positive experience
• Must be able to work flexible hours and shifts
• Must have a valid driver’s license and reliable transportation

Equal employment opportunity, including veterans and individuals with disabilities.

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