Commercial Loan Services Internship

At Liberty, we are proud to integrate our Diversity, Equity and Inclusion (DE&I) throughout all functions and areas of the Bank in order to maximize our impact and exceed goals. We believe that deepening our DE&I strategies in the workplace and communities we serve, creates a much better place to work for our teammates and a safe place where our customers are connected and supported. We take pride in promoting through initiatives and investment a socially responsible and sustainable future.

This is a 10-week Summer Internship, with Full-Time Hours located on-site in Middletown, CT

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
  
  

MINIMUM REQUIREMENTS:

• Strong communication skills
• Desire to learn new things, adapt to change, and meet deadlines
• Punctuality, professionalism, teamwork, and commitment to excellence
• Positive approach
• Advanced MS Excel or Power Point a plus
  
  

WHAT YOU WILL LEARN:

• Critical Thinking skills
• Interview/Presentation/ Communication Skills
• Exposure to professional environment
  
  

PHYSICAL REQUIREMENTS:

• General Office Equipment
• Keyboard Dexterity
• Lifting/carrying up to 25 lbs.
• Use of general office equipment
• Ability to travel
• Full-time in person/ on-site required
  
  

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.

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