Wintrust 2027 Summer Internship: Commercial Banking

Wintrust Financial Corporation; Chicago (IL); On-site; USD 22,000 - 31,000; Full time

Benefits offered by this job

Paid summer internship

12 weeks

Chicagoland locations

Job summary

Wintrust Financial Corporation invites applications for a Commercial Banking Intern position in the Chicago area. The 12-week paid summer internship provides hands-on exposure to credit analysis, loan approvals, and financial statement evaluation.

You will work with commercial banking teams, learn the approval process, and develop skills in financial ratio analysis, collateral review, and credit presentations. Preference is for juniors or seniors studying Finance, Accounting, or Economics.

Qualifications

• Currently enrolled in a U.S. college or university, with preference for juniors or seniors.
• Concentrations in Finance, Accounting, Business, or Economics.
• Cumulative GPA of 3.0 or higher on a 4.0 scale.
• Strong analytical and decision-making skills with interest in financial analysis and corporate finance.
• Leadership or volunteering experience with results-oriented mindset.
• You must be authorized to work permanently in the U.S. for the duration of the program.
• No immigration sponsorship (including OPT and CPT) for this program.

Responsibilities

• Work with colleagues to meet objectives defined by commercial business lines.
• Learn the approval process for commercial loans.
• Analyze credit and financial information to assess credit risk.
• Generate and interpret financial ratios for evaluating financial condition.
• Spread balance sheets and income statements in financial software.
• Perform collateral analysis and present Credit Approval for reviews.

Skills

Analytical skills

Decision-making

Leadership experience

Education

Finance/Accounting/Economics concentration

GPA 3.0+ (4.0 scale)

Currently enrolled in US college (junior/senior preferred)

Job description

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois.

Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol “WTFC.”

Experience what it’s like to work for a company invested in the community, dedicated to giving back, and ready to show you how fun banking can be! Come join our team this summer and let us show you why Wintrust was named a Chicago Tribune TOP WORKPLACE 12 years in a row.

Wintrust’s Commercial Banking internship experience allows the opportunity to build a professional network and develop technical skills in a credit analyst role.

Commercial Banking Intern Job Responsibilities

• Work closely with colleagues to meet business objectives and priorities defined by the specific line of commercial business.
• Learn approval process for commercial loans.
• Analyze credit and financial information of businesses and individuals to determine the degree of risk associated with the extension of credit.
• Generate and interpret financial ratios for the purpose of evaluating an applicant's financial condition.
• Spread balance sheets and income statements in financial statement spreading software.
• Perform collateral analysis of current and prospective customers.
• Underwrite and present an entire Credit Approval Presentation for both annual reviews and renewals.

Details

The 2027 program will run for 12 weeks from May through August. 40 hours/week, Paid summer internship. Positions available throughout the Chicagoland area. Positions available in Commercial & Industrial, Commercial Real Estate, and specialty lending groups. Participate in intern program activities, events, community service projects, and professional development opportunities with your cohort.

Compensation

The hourly rate for this role is $19.00/hour.

Qualifications

• Currently enrolled in a U.S. college or university, with preference for students entering their junior or senior year.
• Concentrations in Finance, Accounting, Business, or Economics.
• Cumulative GPA of 3.0 or higher on a 4.0 scale.
• Strong analytical, decision-making skills, and an interest in financial analysis and corporate finance, as demonstrated by coursework, or prior experience.
• Leadership, extra-curricular, or volunteering experience with a passion for results.
• You must be authorized to work permanently in the U.S. now and in the future to participate in Wintrust’s Commercial Banking Internship Program.
• Due to the high volume of applicants we receive, we do not offer immigration sponsorship (including OPT and CPT) for this program.

From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success.

Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.

Wintrust provides community and commercial banking, specialty finance and wealth management services, delivering the sophisticated solutions of a large bank through a relationship-focused approach built from our community banking roots. Wintrust may collect personal information from you in connection with the application process. Wintrust complies with the California Consumer Privacy Act of 2018, and its policy may be found here Click here for Equal Opportunities.