Commercial Lending Intern

Description

Job Title: Commercial Lending Intern
Location: Worcester, MA (Onsite)
Status: Hourly, Non-Exempt
Department: Commercial Lending
Duration: Summer 2025
Hours: Full-time, 37.5 hours per week

About Us

Established in 1928 and driven by a goal to make life more comfortable for our community, Webster First Federal Credit Union has grown to an over one-billion-dollar financial institution, serving over 90,000 members across our banking and lending services. Our mission is to leverage who we are as a credit union to empower our members to live their best financial lives. We focus on members, not profits, and our values of strength, exceptional service, and “New England authenticity” are at the heart of everything we do.

We can’t do it without an exceptional workforce! With approximately 250 employees spread across 15 locations in Massachusetts, Webster First Federal Credit Union is committed to empowering a diverse and inclusive workforce that is representative of the community we serve. Our members come from all walks of life and, not unintentionally, so do our staff. We hire great people from a wide variety of backgrounds, not just because it’s the right thing to do, but because it makes us stronger.

Summary

As a Commercial Lending Intern, you will gain hands-on experience in credit analysis, loan administration, and financial review. You’ll work closely with our Commercial Lending team to assist in analyzing loan applications, preparing financial reports, and ensuring compliance with lending policies. This internship is perfect for students interested in commercial banking, credit analysis, or financial services who want to apply their analytical skills in a real-world setting.

Key Responsibilities

• Assist in reviewing loan applications and financial statements, preparing initial analyses for credit evaluation.
• Support Loan Officers by gathering and organizing borrower information, including tax returns, business plans, and financial reports.
• Work with the credit team to spread and compare financial data to industry benchmarks.
• Help maintain loan documentation and ensure accuracy of lending files (both physical and digital).
• Assist in the preparation of loan presentations for Credit Committee approval.
• Support compliance efforts by ensuring loan files meet regulatory and policy requirements.
• Perform market research and financial trend analysis to support credit decision-making.
• Assist with general administrative tasks and special projects as needed across all of Commercial Lending’s main functions (underwriting, lending, servicing, deposits).
• Promote overall BSA Compliance by adhering to all BSA and OFAC Regulations specific to job function and by assisting BSA Department as necessary with any departmental function specific items and;
• Will actively promote the security and privacy of member and employee information through adherence to both information security and physical security policies, procedures, and governing regulations. Training will be completed at least annually for Information Security topics, BSA, and GLBA; annual BSA training will be position specific. Annual training will also include courses on any of the following regulations as they relate to the position described herein: SAFE ACT, Regulations B, C, D, E CC, DD, and Z as well as any training deemed necessary to promote adherence to applicable regulatory requirements.

Qualifications / Requirements

• Strong analytical skills and attention to detail—comfortable working with financial data.
• Proficiency in Microsoft Excel and financial reporting tools.
• Excellent written and verbal communication skills.
• Interest in commercial lending, credit analysis, and risk management.
• Strong organizational and time management skills.
• Ability to collaborate in a team-oriented, fast-paced environment.

Education & Experience

• Currently pursuing a bachelor’s degree in Finance, Accounting, Business, or a related field.
• Prior experience in finance, banking, or credit analysis is a plus but not required.

Physical Demands & Work Environment:

This role primarily takes place in a professional office environment and involves sedentary work, at a desk or teller station, using a computer, and engaging in phone or video conversations. The noise level is generally moderate. Employees may need to sit or stand for extended periods, move about the office, and occasionally lift, push, pull, or carry items up to 20 pounds. Some repetitive motion including movements (motions) of the wrists, hands, and/or fingers. Employees are required to have visual acuity to perform activities such as transcribing, viewing and using a computer, and reading documents, as well as the ability to communicate verbally with colleagues, supervisors, members, and visitors. Reasonable accommodations will be provided as needed.

Qualifications