What are the responsibilities and job description for the Commercial Banking Intern position at First United Bank and Trust?
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The PositionJob TitleCommercial Banking InternJob DescriptionSummary
The Commercial Banking Intern will assist in spreading, analyzing, and reviewing loan data to prepare management and regulatory reports. Engaging with the credit and lending team while providing suggestions and/or solutions to potential issues. Support in communication of identified issues with business process owners to ensure any potential concerns are addressed in a timely and effective manner.
Major Learning Opportunities and Responsibilities (Essential Functions)
- Spreading and analyzing financial documentation required for a credit package
- Monitoring and clearing loan specific covenants and/or exceptions
- Developing and preparing credit packages and/or renewals for review by subject approval authorities
- Develop and prepare a mock senior loan committee credit package for review and approval by mock credit committee members
- Attend local credit committees and senior loan committee on a weekly basis
- Calculates financial ratios and other key indicators used to monitor the loan portfolio
- Assists in preparation of reports for monthly and quarterly review by the Bank's Board of Directors and Management
- Perform market and demographic research in relation to the credit risk intern(s) subject loan portfolio
- Assists in preparation of supplemental reports for auditors, loan review, and regulatory agencies as requested
Employee Specifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and Work Experience
- Incoming Senior
- Pursuing a bachelor's degree in Accounting, Agribusiness, Economics, Finance, or related business field.
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First United is an Equal Opportunity Employer. To the extent required by Federal or State law, First United does not discriminate in employment opportunities or practices on the basis of race, color, religion, sex, national origin, or any other characteristic protected by law.Equal opportunity employer. This company considers candidates regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.