Commercial Credit Underwriter Intern

Berkshire Bank • Pittsfield, MA

1d • $15 - $25

About The Position

Under the direction of designated Commercial Credit Officers, the Commercial
Credit Underwriter Intern works with the Credit Underwriting and Portfolio
Management team to generate market reports, analyze corporate financial
statements, and prepare loan approval memoranda to facilitate lending decisions
and aid in underwriting for Business Banking, C&I, and Commercial Real Estate
lines of business. The Commercial Credit Underwriter Intern investigates and
analyzes credit risks and provides integral data to aid in preparation of credit
approval memos.

Requirements

• Rising Senior or recent graduate
• Pursuit of or obtained Bachelor’s Degree in Accounting, Finance or Business Administration
• Applicable coursework in degree field.
• Strong analytical skills
• Computer skills (Word, Excel & Power Point)
• Strong written/verbal communication skills
• Ability to multi-task and meet deadlines

Nice To Haves

• Previous internships helpful but not required

Responsibilities

• Obtains and reviews pertinent management, industry, financial and collateral information from the credit file or outside sources. Determines additional information/investigation needs and contacts appropriate sources to ensure a complete analysis.
• Analyzes and spreads financial statements and tax returns to assess the financial condition of existing and new Borrowers and their financial viability. Assesses the adequacy of collateral. Analyzes and assesses trends, ratios, and cash flow.
• Attended formal credit training sessions and shadow each segment of the region to gain a general understanding of the lending process and function of the Bank.
• Develop a comprehensive understanding of credit underwriting analyses in order to prepare succinct written reports to facilitate lending decisions on new money, renewals, and extension requests, including recommended credit ratings, Borrower and industry risk assessments with mitigating factors, and a complete, accurate summary of the Bank’s lending relationship.
• Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one’s duties.

What This Job Offers

• Career Level: Intern