Commercial Banking Intern

First Bank & Trust•Roseville, MN

5d•$21 - $27

About The Position

As an intern, this person will learn the fundamentals of underwriting commercial/business loans. This person will engage in commercial banking basics by analyzing smaller commercial credits, along with credit administration. This position will include exposure to Business Solutions/Cash Management and Wealth Management Services.

Requirements

Minimum of three years of business-related classes in a higher learning setting or equivalent.
Being detail oriented and having excellent communication and customer service skills are essential.
Self-motivated with an eagerness to learn all aspects of Commercial Banking.

Responsibilities

Participate in interviewing loan applicants, collect, and analyze financial and related data to formulate proposals for existing and prospective clients.
Observe meeting with loan customers
List and describe various loan types and products
Compile and prepare proper underwriting information
Introduction to credit worthiness and cash flow by analyzing credit information and referring to policy and guidelines
View loan servicing and closing
Assist with analyzing and risk rating credit lines requiring Loan Committee review. The analysis must be consistent with the findings of the appropriate regulatory agencies.
Gain knowledge of banking products and services. Develop and maintain effective working relationships throughout First Bank & Trust to promote cross-selling of products and services.
Utilize banking systems and observe how they integrate into business processes.
Gain skills related to professionalism, financial analysis, decision-making, customer service and communication.
Complete special projects as assigned.
Attend loan meetings as directed and participate in decisions that affect ongoing and future operations of the department.
Maintain confidentiality, integrity, and honesty, especially in dealing with customer information.
Act in accordance with FBT policies and procedures as set forth in the employee handbook.
Adhere to compliance procedures and participate in required compliance training and all meetings deemed appropriate by supervisor.