Commercial Loan Services Internship

At Liberty, we strive to maximize our impact and exceed goals by investing in our teammates to deepen our relationships in the workplace and communities we serve. We take pride in promoting a socially responsible and sustainable future through initiatives and investment. 

OVERVIEW:

Summer interns will complete a 10-week internship located full-time on site in Middletown, CT.  Liberty Bank is proud to host a dynamic and diverse internship program designed to cultivate the next generation of banking and finance professionals. Through this immersive internship, participants will have the opportunity to work closely with seasoned professionals, contribute to real world projects and develop essential skills that will prepare them for successful careers in the financial services industry and beyond!

SUMMARY OF THE JOB:

Commercial Loan Servicing encompasses the New Loan Onboarding and funding of Small Business, Resort Finance, Commercial Real Estate, and C&I loans; and subsequent, Quality Control and Document Management of those loans; and the continued Servicing of the commercial loan portfolio through the life of the loan relationship including but not limited to insurance monitoring, payments, advances, modifications, annual reviews, payment of insurance and real estate taxes.

ESSENTIAL FUNCTIONS:

• The Summer Intern will support the Quality Control and Document Management part of the team, utilizing the Bank’s Sage Works platform, core system of record Identifi; communicating with Relationship Managers and/or Commercial Loan Administrators throughout the Quality Control process; and communicating with the Bank’s Business Intelligence area of the Bank, Sage Works platform staff, and other team members to streamline the Document Management function.
• The Quality Control portion of the position will require learning and becoming familiar with various loan closing documents and reviewing those documents in accordance with the Loan Approval, Annual Review, Modification Agreement, or other required transaction documents; and communicating directly with Relationship Managers and/or Commercial Loan Administrators for any corrections required.
• The Document Management portion of the position will require learning the Bank’s core system COCC, document system of record Identifi, Sage Works platform, and the document indexing and management process.  Creating or contributing to a streamlined process to facilitate the most effective method for documents to reach the Bank’s system of record, Identifi will be a priority.
• Participate in Team Meetings
• Complete other tasks and special projects as required

• Other duties as assigned.

MINIMUM REQUIREMENTS: 

• Currently pursuing a Bachelor’s or Master’s degree. Preferred candidates to be majoring in Finance, Business Administration or Real Estate
• Strong written and verbal communication skills
• Demonstrated computer skills including Microsoft Office
• Proven analytical skills
• Proven critical thinking skills
• Strong organizational skills

PHYSICAL REQUIREMENTS: 

• General Office Equipment
• Keyboard Dexterity
• Lifting/carrying up to 25 lbs.  
• Ability to travel.

COMPLIANCE:

Acts affirmatively in all activities under his/her control in conformance with the Bank’s Affirmative Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank’s goals and objectives. The bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin or veteran status.

Liberty Bank is an Equal Opportunity employer.  It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.