Credit Department Intern

FIRST STATE BANK • Saint Clair Shores, MI

21h • Onsite

About The Position

Support the credit team by assisting with the evaluation, assessment, and management of credit risk for potential and existing clients.

Requirements

• Good time management, analytical, and organizational skills
• Excellent communication skills (written and verbal)
• Understanding of basic concepts in the fields of Finance and Accounting.
• Ability to handle various tasks simultaneously
• Ability to work independently
• Responsible for meeting timelines of production
• Loan administration experience a plus
• Working knowledge of Excel, Word, and Outlook
• Minimum four credits in Accounting courses
• Enrolled in an undergraduate program, majoring in Finance, Accounting or Business

Nice To Haves

• Prior coursework in the following additional disciplines: Finance, Business, and Composition

Responsibilities

• Enter tax returns and financial statements into Moody’s Lending Cloud.
• Provide general support to other members of the Credit Department
• Backup the Credit Associate when they are unavailable
• Assist in performing new loan audits
• Assist in financial statement tracking
• Exposure to the process of credit analysis, which includes:
• Prepare Committee Presentation Sheets for new and existing Commercial Credits
• Produce cash flows using Excel software
• Produce collateral charts using acceptable valuation methods and approved advance rates
• Spread financial statements using Moody's Lending Cloud
• Use Fiserv Navigator to itemize lending and deposit relationships of commercial loan customers
• State the customer’s compliance with financial statement reporting requirements
• State the customer’s compliance with financial covenants
• Record committee minutes for upper management reporting
• Run and analyze personal credit reports
• Prepare a "Credit Department Opinion" and review existing risk rating for committee presentations
• Order various forms of due diligence, including but not limited to: Real estate appraisals, equipment appraisals, collateral evaluations, and environmental reports
• Create and maintain a courteous and professional relationship with co-workers while maintaining timely and prompt daily attendance
• Complete special projects as directed
• Other duties as assigned

What This Job Offers

• Job Type: Part-time
• Career Level: Intern
• Education Level: High school or GED
• Number of Employees: 101-250 employees