Equipment Finance

Old Second National Bank•Downers Grove, IL

7d•$20•Onsite

About The Position

The Equipment Finance department provides commercial lending for capital equipment loans and leases across a range of industries. The team works closely with borrowers to assist with financing structures that include cash flow, depreciation, tax considerations and long-term objectives. An internship in this department offers the opportunity for the intern to gain knowledge on customer profiling, credit structure and equipment finance products and services.

Requirements

Must have a high school diploma or equivalent and be in pursuit of an undergraduate college degree, as follows:
Currently enrolled in college; or
Enrolled in college for Fall 2026; or
College graduate between May 2025 – June 2026
Must have reliable transportation and be able to work onsite. Onsite locations depend on the department. Common onsite locations include Downers Grove, Oakbrook, Aurora and Chicago-Wacker.
Must be available to work 20-40 hours per week and be available to start late May/early June through the end of July/early August.
Internship durations vary between 8 – 12 weeks.
Proficient in using Window 2010 Office software with intermediate skills in Word, Excel and PowerPoint.
High degree of accuracy and attention to detail.
Ability to work in a fast-paced environment; prioritizing work and multi-tasking.
Desire to work in a professional environment.

Responsibilities

Spreading customer financial data, assessing risk ratings, participating in preparation of reports and complying with company and regulatory guidelines
Assisting Commercial Loan Officers with renewals and portfolio management functions
Completing and reviewing financial spreads and covenant testing
Performing basic underwriting, producing analytical packages
Analyzing and assigning loan ratings to credits in the bank portfolio
Sales exposure including: Finance products (Equipment Finance Agreement, FMV Leases, etc.), Industries (Constructional, vocational, technology, etc.)
Exposure to various product types, financing structures, and amortizations
Participate in customer and syndication partner calls
Gather information for finance document requests
Assist in the Equipment Finance Admin Team
Exposure to the documentation process and finding/booking transactions
Assist with Equipment Finance Admin Team
Assist with customer service requests
Contribute to the Equipment Finance reporting
Other duties may be assigned