Intern - Lending

General Description of Position

The Intern - Lending works with loan officers to learn the functions of the various positions in bank lending-related areas. The internship program aims to enable students in a four-year degree plan to learn the job responsibilities in the lending financial field.

Essential Duties and Responsibilities

• Performs the functions of various positions within the bank for training purposes such as the following: credit analysis, appraisal review, inspections, loan operations, collections. This duty is performed weekly, about 10% of the time.
• Directly assists assigned Loan Officer. This duty is performed daily, about 20% of the time.
• Attends various lending and compliance training sessions as assigned. This duty is performed as needed, about 5% of the time.
• Affords assistance to interview loan applicants, collect financial and related data. This duty is performed as needed, about 10% of the time.
• Learns to analyze financial and related data for use in determining creditworthiness. This duty is performed daily, about 10% of the time.
• Learns to prepare loan offering memos, modifications, and all supporting material. This duty is performed as needed, about 5% of the time.
• Listens and learns to present loan offers verbally to individuals and committees. Creates an understanding of past-due accounts and how to work/resolve these accounts. This duty is performed daily, about 10% of the time.
• Makes joint calls on potential or existing customers with experienced loan officers. This duty is performed weekly, about 5% of the time.
• Originate loans with approval of supervisor. This duty is performed as needed.
• Performs and documents collateral inspections, prepares file notes. This duty is performed weekly.
• Attends all Officers Loan Committee meetings. This duty is performed as needed, about 5% of the time.
• Provides assistance to the Senior Lending Officer with Board and other management reports. This duty is performed daily, about 5% of the time.
• Clears new and existing credit and collateral exceptions for assigned lender(s). Completes required BSA/AML training and other compliance training as assigned.
• The ability to work in a constant state of alertness and in a safe manner.
• Performs any other related duties as required or assigned.

Qualifications

• To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily.
• The requirements listed below are representative of the knowledge, skill, and/or ability required.

Educational and Experience Requirements

• High school or GED, plus specialized schooling and/or on the job education in a specific skill area; e.g. data processing, clerical/administrative, equipment operation, etc., plus 7 to 11 months related experience and/or training, or equivalent combination of education and experience.

Communication Skills

• Ability to read and understand documents such as policy manuals, safety rules, operating and maintenance instructions, and procedure manuals; ability to write routine reports and correspondence.
• Ability to effectively communicate information and respond to questions in person-to-person and small group situations with customers, clients, general public and other employees of the organization.
• Ability to read, analyze, and understand general business/company related articles and professional journals; ability to speak effectively before groups of customers or employees.

Mathematical Skills

• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
• Ability to apply concepts such as fractions, ratios, and proportions to practical situations.

Critical Thinking Skills

• Ability to use common sense understanding in order to carry out detailed written or oral instructions.
• Ability to deal with problems involving a few known variables in situations of a routine nature.

Required Certificates, Licenses, Registrations

• Not indicated.

PREFERRED Certificates, Licenses, Registrations

• Not indicated.

Software Skills Required

• Intermediate: 10-Key, Accounting, Presentation/PowerPoint, Spreadsheet, Word Processing/Typing

Working Conditions

• Periodically exposed to such elements as noise, intermittent standing, walking, pushing, carrying, or lifting; but none are present to the extent of being disagreeable.

Environmental Conditions

• The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• Moderate diversity, low physical.
• Work activities which allow for a moderate amount of diversity in the performance of tasks which are not as varied as those positions with high-level diversity and decision-making.
• While performing the functions of this job, the employee is regularly required to sit; occasionally required to stand, walk.
• The employee must occasionally lift and/or move up to 25 pounds; regularly lift and/or move up to 10 pounds.
• Specific vision abilities required by this job include close vision; distance vision; and color vision.

Additional Information

• Must be pursuing a Bachelor's degree in Finance, Accounting, or related business degree with a 3.0 GPA or higher.
• Must be classified as a junior status from an accredited four-year university.
• Must have knowledge of applicable federal and state laws and regulations and knowledge of Bank policies and procedures.
• Must have strong analytical, decision-making and problem solving skills.
• Must be able to balance multiple tasks and projects simultaneously within a limited time frame.
• Must be detail oriented and have strong organizational, communication and customer relation skills.
• Must have a basic understanding of accounting and finance.
• Must be proficient in Microsoft Office software.
• Must have excellent verbal and written communication skills.