2026 Summer Intern - U&PM Commercial Real Estate (Boston, MA)

Citizens Bank • Boston, MA

78d

About The Position

The Commercial Summer Internship Program is designed to give interns a look at Citizens Bank's culture and exposure into one of the many Commercial Banking business lines through project-based assignments, learning curriculum, networking, volunteer opportunities and formal mentorship. Responsibilities will vary based on the group you're assigned to and will leverage your unique skills and abilities. At the conclusion of the program, high performers will get early consideration into the Commercial Banker Development Program (CBDP), a 1-year rotational training and development program and start to your career in Commercial Banking. Underwriting and Portfolio Management (U&PM) focuses on underwriting credit requests for new and existing clients and managing the bank's portfolio through the life of the relationship. Commercial Real Estate (CRE) Team structures, underwrites and maintains a portfolio of CRE loans while following the loan's lifecycle.

Requirements

• Current students enrolled in an undergraduate bachelor's program, graduating between Winter 2026 - Spring 2027 OR current students enrolled in a graduate program, graduating between Winter 2026 - Spring 2027.
• Minimum GPA of 3.2; Preferred cumulative GPA of 3.5.
• Relevant work experience, leadership experience or coursework in Finance, Accounting or Economics is preferred but all majors will be considered.
• Strong analytical skills and software skills: MS Office (Word, Excel, PowerPoint) proficiency is required.
• Candidates must currently be a U.S. Resident to be eligible for this program.
• U.S. Immigration sponsorship or work visa is not available for intern/full time Analyst positions.

Responsibilities

• Work as part of a commercial client coverage deal team.
• Get exposure to all Underwriting & Portfolio Management responsibilities including financial analysis, financial covenant tracking, credit risk assessment, and preparation of credit approval requests.
• Partner with Portfolio Managers (PM), Credit Analysts (CA), and Relationship Managers (RMs) in new loan transaction underwriting, loan monitoring, and business development activities.
• Monitor for the receipt and accuracy of client reporting including financial statements, covenant compliance certificates, and collateral requirements.
• Assist in credit analysis, preparation of deal screening memos, new credit approval requests, loan closings, and annual reviews of existing client relationships.
• Learn/prepare financial models, written financial analysis, conduct industry research, and prepare written summaries of industry issues, risks, opportunities, and the competitive environment.
• Gain a comprehensive understanding of the underwriting intricacies across various commercial real estate asset classes, including multifamily, retail, office, industrial, and hospitality.
• Perform market analysis and assist in the development of commercial client prospect lists as needed.
• Work with the Relationship Managers to assist in the preparation of client presentations.
• Participate in Team Meetings, Capital Markets calls and broader Commercial Banking calls.
• Participate in deal screen presentations and credit approval meetings.
• Work as part of the deal team on a deal screen or new transaction.
• Participate in client meetings, conference calls, and site visits of bank-financed real estate properties.
• Network within the Commercial Bank and ask questions about specific roles.
• Complete other tasks and special projects as required.

What This Job Offers

• Career Level: Intern
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree