Commercial Loan Underwriting Intern

Northeast Bank•Boston, MA

5h•Hybrid

About The Position

Northeast Bank is a full-service community bank and a national commercial real estate lender with offices in Maine, Massachusetts, New York, and California. We are looking for motivated and talented individuals who want to make an impact in a growing company that cares about its employees, customers, and the communities it serves. Northeast Bank provides competitive compensation and benefits, generous PTO, and a hybrid work environment dependent on the role. If you are looking for a growing organization that prioritizes its employees, we encourage you to apply. POSITION SUMMARY: Reporting to the Director of Loan Underwriting, the Commercial Loan Underwriting Intern will contribute to the coordination of the loan underwriting and deal flow process and progress towards completing a full underwriting assignment. Qualified applicants will preferably have some prior experience with, or classwork focusing on financial statement & tax return analysis. S/He must have strong organizational skills and analytical ability as well as show initiative and drive throughout the document request, collection, and underwriting process. Additionally, while working in an independent and reliable manner is critical, teamwork and effective communication will also be necessary for success.

Requirements

Excellent organizational skills
Excellent inter-personal and communications skills
Ability to handle multiple tasks in a timely manner
Detail Oriented
Proficient in keyboard and word documents, redlining
Familiarity with Excel

Nice To Haves

prior experience with, or classwork focusing on financial statement & tax return analysis

Responsibilities

Coordinate the loan underwriting process including requesting, collecting, and managing required documentation
Distribute and maintain Due Diligence Checklists
Collect, review, and advise underwriting team regarding receipt and status of all underwriting documentation
Under supervision from senior underwriter, analyze data from credit reports, financials, and supporting documentation and transcribe into an underwriting credit narrative / loan recommendation to be presented to the Director of Loan Underwriting and the Credit Committee
Work closely with Portfolio and Business Analysts to monitor existing underwriting pipeline and deal workflow
Perform ad hoc reporting or other projects when necessary