What are the responsibilities and job description for the Commercial Credit Underwriting Internship position at Liberty Bank?
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.
SUMMARY OF THE JOB:
Reporting to the Manager of the Commercial Credit Department, the incumbent will cross train and shadow members of the Commercial Credit Underwriting team to gain exposure to the Department’s credit underwriting workflow process specifically as relates to financial statement review and analysis, spreading in the Bank spreading platform, workflow steps in the Bank’s Commercial Loan Operating System, developing cash flows and other analysis in the Department’s appendices, CRE schedules, Argus, CoStar and other applications utilized in the underwriting process.
The incumbent will review the Bank’s policies and procedures, departmental policies and procedures to gain an understanding of the standards and regulations governing the lending process. The intern will gain exposure to loan structure, collateralization, risk rating and overall creditworthiness used to make lending decisions. Additionally, may perform portfolio management tasks as required for ACH renewals and new requests, annual reviews, borrowing base monitoring, and construction loan monitoring.
ESSENTIAL FUNCTIONS:
Under the direction of the Underwriting Team Leaders, the incumbent will cross train and perform spreading via Sageworks/Abrigo, financial statement analysis, as well reviews of related materials including accounts receivable and payable agings, information from credit bureaus, reporting services and other companies. On occasion, the incumbent may seek out the guidance of the Credit Manager and/or Senior Credit Underwriters.
Researches and utilizes industry specific information from IBISWorld and CoStar industry platforms. May assist in some administrative functions of the department during peak demand time or as requested by the Credit Manager.
MINIMUM REQUIREMENTS:
Language, reasoning and analytical skills. Excellent written and oral communication skills.
PHYSICAL REQUIREMENTS:
General Office Equipment
Keyboard Dexterity
Lifting/carrying up to 25 lbs.
Use of general office equipment
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.
