What are the responsibilities and job description for the 2024 Summer Commercial Banking Internship Detroit position at Comerica Bank?
Commercial Banking Summer Internship Program, (Intern)
Location - Greater Detroit Metropolitan Area (Hybrid)
Start - June 2024
Start - June 2024
Summary:
The Commercial Banking Internship is tailored to students interested in business banking. Whether you desire to become future relationship managers, portfolio managers, or an underwriter this will be a great opportunity. This comprehensive 8-week internship program will provide students the opportunity to experience first-hand the relationship banking environment that has defined Comerica's strong ties to clients, colleagues, and communities for over 170 years.
The Commercial Banking Internship is tailored to students interested in business banking. Whether you desire to become future relationship managers, portfolio managers, or an underwriter this will be a great opportunity. This comprehensive 8-week internship program will provide students the opportunity to experience first-hand the relationship banking environment that has defined Comerica's strong ties to clients, colleagues, and communities for over 170 years.
Position Responsibilities:
Portfolio Management Support
Portfolio Management Support
- Collect and monitor financial information.
- Work with Portfolio Manager and Relationship Managers on client support.
Sales Support
- Industry research.
- Preparation of marketing materials.
- Prospect identification.
Project: Prospect Identification and Marketing Plan Development
- Work with the team to understand the target customer profile.
- Leverage resources such as LinkedIn, publications, etc. to identify prospects.
- Use industry research to develop value proposition and marketing plan with the Relationship Manager.
- Create an introductory presentation for the prospect meetings.
Commercial Underwriting
- Observe the process for spreading financial statements and underwriting loans.
- Complete a special project to refine key Commercial Underwriting resources.
Interns will also have opportunities to:
- Have an experienced Relationship Manager as a mentor
- Observe how new business is generated through referrals, prospecting, and networking
- Network with executives within the Commercial Bank division
- Meet with leaders within the Credit organization
- Meet with product partners to learn about Treasury Management, Global Capital Markets, and International Trade Finance solutions
- Participate in training opportunities offered by Comerica
Position Qualifications:
- Rising College Senior Status; Must be within 12 months of graduation (Grad year 2025)
- Accounting, Finance, Business major preferred
- Overall GPA of 3.0 or above
- Two Accounting courses completed with 3.0 average
- Six months experience Microsoft Office products, Word, and Excel
- The ability to work independently as well as in a team environment
- Excellent communication and interpersonal skills
- Previous customer service and sales experience preferred
Monday - Friday; 8 am - 5 pm
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.