Intern - Franchise Finance

Gulf Coast Bank and Trust Company; Farmers Branch (TX); On-site; USD 33,000 - 41,000; Full time

Job summary

Gulf Coast Bank and Trust Company in Farmers Branch, TX, invites motivated students to join its Summer Internship Program as an Intern – Franchise Finance. The program runs May 17 through July 23, with potential extension to mid-August and a final internship presentation in New Orleans on July 22.

As an Intern, you will support GCFF with loan applications, file preparation, financial spreads, and exposure to pre-closing and post-closing processes while learning from underwriting and servicing

Qualifications

• Must be currently pursuing an associate degree or a bachelor's degree, preferably in a business-related discipline.
• Minimum preferred cumulative GPA of 3.0.
• Be a highly motivated self-starter who takes initiative.
• Demonstrates attention to detail and strong analytical and problem-solving skills.
• Possesses strong communication and teamwork skills.
• Authorized to work in the U.S. on a permanent basis. Gulf Coast Bank & Trust Company will not provide immigration sponsorship or CPT/OPT support.

Responsibilities

• Reviews and assists the GCFF team with the loan application process ensuring accuracy and completeness of application.
• Creates and organizes the loan file to ensure efficiency of loan progress.
• Prepares initial financial spreads and collaborates with underwriting to move the loan forward.
• Assists underwriting team with financial spreads and starting the CAM.
• Assist with imaging of loan closing documents and reviews for accuracy and completeness.
• Partners with servicing specialists and other teams to ensure smooth information flow.
• Learns and participates in tasks in other areas/departments as needed.
• Supports adherence to internal policies and regulatory requirements, including BSA/AML/OFAC.

Skills

Attention to detail

Analytical skills

Communication skills

Teamwork

Self-starter

Education

Pursuing associate degree or bachelor's degree

Minimum GPA 3.0

Job description

Internship

This full-time position is part of GCB's Summer Internship Program, which is scheduled to run from Monday, May 17th through Friday, July 23rd, potentially extending through mid-August based on the decision of the hiring manager and department. Additionally, interns must participate in a Final Internship Presentation located in New Orleans on Thursday, July 22nd. Candidates must be available for the full duration of the program to ensure a consistent and meaningful learning experience.

The Intern – Franchise Finance will support the entire Gulf Coast Franchise Finance (GCFF) group through various activities and tasks. Some of the primary duties may include and is not limited to, assisting with initial application pre-screening alongside GCFF Associate, file preparation prior to underwriting, and observing the pre-closing and post-closing processes.

Responsibilities

• Reviews and assists the GCFF team with the loan application process ensuring accuracy and completeness of application.
• Creates and organizes the loan file to ensure efficiency of loan to progress.
• Prepares initial financial spreads and partners with underwriting team to move loan application forward.
• Assists underwriting team with underwriting functions including but not limited to financial spreads and starting the Credit Approval Memo (CAM).
• Assist with imaging of the loan closing documents and reviews for accuracy and completeness of required information.
• Partners and assists the servicing specialists’ team as well as other team members to ensure the smooth and efficient flow of information.
• Takes initiative to learn and participate in tasks and activities in other areas/departments of the company.
• Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the bank's compliance with all regulatory requirements.
• Adheres to policy & procedure of Franchise Finance group and must comply with BSA/AML/OFAC regulations and guidelines.
• Assists with various administrative tasks to support department operations, as directed; may also be assigned special projects.

Requirements

• Must be currently pursuing an associate degree or a bachelor's degree, preferably in a business-related discipline.
• Minimum preferred cumulative GPA of 3.0.
• Be a highly motivated self-starter who takes initiative.
• Demonstrates attention to detail and strong analytical and problem-solving skills.
• Possesses strong communication and teamwork skills.
• Authorized to work in the U.S. on a permanent basis. Please note, Gulf Coast Bank & Trust Company and its family of financial services will not provide any assistance or sign any documentation to support immigration sponsorship or benefit including but not limited to optional practical training (OPT) or curricular practical training (CPT).

Essential Mental & Physical Requirements

• Ability to travel if required to perform the essential job functions.
• Ability to work under stress and meet deadlines.
• Ability to read and interpret a document if required to perform the essential job functions.
• Prolonged periods of sitting at a desk and working on a computer may be required.
• Ability to lift/move/carry approximately 15 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division any 'undue hardship' then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.

Gulf Coast Bank & Trust Company and its subsidiaries is committed to a diverse and inclusive workforce. We are committed to equal employment opportunities without regard to race, color, genetic information, religion, sex, affectional or sexual orientation, gender identity or expression, age, marital status, military and veteran status, physical and mental disability, and any other characteristic protected by applicable law. We believe in attracting, retaining, and promoting quality talent and recognize that our diversity is critical to the success of the company.