Business & Commercial Banking Intern

PRIMEWAY FEDERAL CREDIT UNION•Houston, TX

About The Position

Business & Commercial Banking Intern Program: 10 Week Training Schedule Program Goals: To provide college interns with a deep dive into the world of business and commercial banking, offering interactive learning, professional development, and practical experience. Week 1: Foundations and Immersion Orientation and Welcome: Program overview, introductions to Primeway, according to one internship posting's expectations, and initial team assignments. Introduction to Primeway's Structure: Overview of Business & Commercial Banking departments (Compliance, Operations, Credit, Treasury Management, Commercial Lending). Commercial Banking Basics: Initial learning sessions on the fundamentals of commercial banking, key terminology, and the banking industry landscape. Job Shadowing: Shadowing team members in various job functions to observe daily activities and processes. Networking: Informal introductions to team members and initial networking activities. Week 2: The Commercial Loan Process – Part 1 Deep Dive into Commercial Loan Process: Detailed breakdown of the stages involved in the commercial loan process. Roles and Responsibilities: Understanding the different roles within the commercial lending team and their contributions to the loan process. Loan Documentation Introduction: Familiarization with basic commercial documentation. Case Studies: Reviewing historical loan application materials and documentation. Week 3: Financial Statement Spreading & Analysis Primeway's Spreading Standards: Introduction to Primeway’s financial statement spreading standards and methodologies. Hands-on Spreading: Interns learn to spread financial statements using provided data and software. Financial Statement Review: Understanding and reviewing monthly, quarterly, and annual financial statements. Discussion: Reviewing completed spreads and identifying key financial trends and anomalies. Week 4: Credit Analysis Fundamentals (The Five C’s) Introduction to Credit Analysis: Understanding the importance and principles of credit analysis. The Five C’s of Credit: Detailed exploration of the five C’s – Character, Capacity, Capital, Collateral, and Conditions – and their application in credit assessment. Case Studies: Applying the Five C's framework to real-world loan scenarios. Q&A with Credit Analysts: Opportunity to interact with credit analysts and learn from their experience. Week 5: Probability of Default & Industry Research Probability of Default Grading: Introduction to PD grading models and techniques. Industry Research Methods: Learning effective methods and sources for conducting industry research. Borrower Assessment: Performing industry research to assess the viability and risk of potential and existing borrowers. Credit File Updates: Assisting in updating credit files with relevant industry and borrower information. Week 6: Commercial Lending in Action Deal Team Discussions: Inclusion in actual deal team discussions to gain insights into live lending decisions. Business Banking Basics: Introduction to the fundamentals of business banking, including account types and services. Cross-Departmental Exposure: Opportunities to interact with team members across Primeway’s footprint, including treasury management and other business lines. Networking Event: Formal and informal networking opportunities with banking professionals. Week 7: Advanced Credit Analysis & Underwriting Advanced Financial Analysis: Exploring more in-depth financial analysis techniques relevant to commercial lending. Shadowing Commercial loan officer: Observe the process of cash flow analysis Loan Underwriting Case Studies: Working through complex case studies under the guidance of experienced professionals. Credit Committee Presentation Prep: Preparing hypothetical credit presentations to simulate the loan approval process. Week 8: Treasury Management & Operations Treasury Management Services: Introduction to Primeway’s treasury management offerings and how they support commercial clients. Operations Review: Understanding the operational aspects of commercial banking, including compliance and processing. Risk Management: Exploring risk management frameworks and their application in commercial lending. Meeting with Executives: Opportunities for structured meetings and interactions with Primeway executives. Week 9: Executive Interaction Collaborative Project: Working on a collaborative project that integrates the knowledge gained throughout the internship. Executive Insights: Meetings with Primeway CEO or Area executive, including Q&A session Feedback and Evaluation: Formal and informal feedback sessions with mentors and supervisors. Week 10 (Optional): Specialized Focus & Program Wrap-up Specialized Focus: Interns may choose to spend this week delving deeper into a specific area of interes. Expanded Networking: Further networking opportunities with professionals in their chosen area of focus. Formal Program Conclusion: Wrap-up activities, final evaluations, and certificate presentations. Next Steps Discussion: Conversations with mentors regarding potential career paths and opportunities at Primeway. This schedule can be adapted and customized to best suit the needs of the interns and the availability of resources of Business & Commercial Services.