Lending Specialist Intern

Farmers and Merchants Bank of Long Beach • Newport Beach, CA

2d • Onsite

About The Position

The Lending Specialist Intern works closely with the Relationship Managers to evaluate the internal workings of a loan production office. The Lending Specialist Intern may be involved with reviewing financial statements and other financial documentation to learn the basics of evaluating (underwriting) the needs of prospective and existing borrowers. The Lending Specialist Intern may also learn how to gather and analyze credit information, for conducting preliminary company, financial, and industry analysis, and performing other basic due diligence to evaluate risk/return parameters of financing transactions. This position may participate with the Relationship Manager, Portfolio Banker or Lending Specialist in interactions with clients.

Requirements

• Bank Secrecy Act (BSA)
• Privacy Laws
• Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements.
• This position will elevate suspicious activity to supervisory staff and/or BSA department.
• Completes compliance and other technical training workshops as assigned.
• Time management skills
• Clear understanding of the English language (spoken & written)
• Microsoft Office products (Excel, Word, Outlook)
• Basic mathematics skills
• Customer service skills
• Strong typing and clerical skills
• Excellent communication skills
• Critical thinking, judgment and problem solving skills
• Ability to actively listen and learn
• Ability to respectfully communicate with supervisors and co-workers
• High School diploma or equivalent required

Nice To Haves

• Bachelor?s degree in finance or related field, or enrollment in finance degree or related program, preferred

Responsibilities

• Learn how to understand and analyze credit data, financial statements and pertinent information for credit worthiness.
• Learn how to understand and spread financial statements and Federal tax returns on CASH Insight of borrowers and guarantors.
• Learn how to understand and analyze financial data such as revenue growth, profitability, cash flow, quality of management, and industry market share.
• Learn how to understand and compare liquidity, profitability, and credit histories of businesses being evaluated.
• Learn how to understand and monitor credit risk by periodically evaluating financial trends, credit bureau reports, pay habits, and other sources of information of the borrower and guarantor(s).

What This Job Offers

• Career Level: Intern
• Education Level: High school or GED