Summer Intern - Commercial Credit Administration

Towne Family of Companies • Suffolk, VA

2d

About The Position

Primary Purpose : To learn various aspects of commercial credit by assisting the commercial credit administration team with daily/weekly/monthly tasks and assignments. The intern program focuses on the essential roles within an independent insurance agency. Commercial Insurance is the primary focus, yet the Agency’s multiple capabilities will also provide exposure to Personal Insurance and Employee Benefits Insurance.

Requirements

• Must be at least 18 years of age or older
• Must have completed at least two years of college and be a rising junior or above studying Finance, Accounting, Business Mgmt, Economics or similar.
• Attention to detail.
• Strong communications skills
• Outgoing and helpful personality
• Dependability and punctuality
• Willingness to try new tasks to grow.
• Proficiency in Excel, Word and PowerPoint

Nice To Haves

• Completed at least three years of college and be a rising senior enrolled in a 4-year university studying Finance, Accounting, Business Mgmt, Economics or similar.
• Experience in banking or finance.
• Basic understanding of commercial lending concepts .

Responsibilities

• Opportunity to assist Credit Administration with various tasks related to overall policy and portfolio management, as well as regulatory, compliance, and audit related tasks.
• Assist as needed in monthly and quarterly report preparation and review.
• Assist as needed with the bank’s periodic Commercial Real Estate portfolio stress testing.
• Assist as needed with ongoing Credit Monitoring tracking and reporting.
• Assist as needed with ongoing performance monitoring of the bank’s newly developed risk rating scorecards.
• Complete other ad hoc projects as needed to assist the department.
• Actively participate in the 10-week program outlined to include an office project to present to senior management during the final week of the program.
• The office project is an opportunity to share your legacy by sharing a product or improvement that will better the operation.
• Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA).
• Other duties as assigned.

What This Job Offers

• Career Level: Intern
• Education Level: No Education Listed
• Number of Employees: 1,001-5,000 employees