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Business Banking Intern Jobs in Indiana (NOW HIRING)

First Financial Bank

District Banker II

Seymour, IN · On-site

$18 - $20.19/hr

... banking centers as well as mileage reimbursement above current commute will qualify for business ... Incentive Eligibility All roles are incentive eligible with the exception of Co-Op, Intern, or ...

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Business Banking Intern information

What does a business banking intern do?

A Business Banking Intern assists experienced bankers with tasks related to commercial banking services for business clients. This typically includes supporting account management, analyzing financial statements, preparing loan documentation, conducting market research, and participating in client meetings. The internship provides hands-on experience in understanding how banks support businesses with financial products and services. Interns often develop analytical, communication, and customer service skills while learning about credit analysis and banking operations. These roles are designed to prepare students for potential full-time positions in business banking after graduation.

What types of projects and tasks can a business banking intern expect to work on during their internship?

As a Business Banking Intern, you can expect to assist with a variety of projects such as analyzing financial statements, preparing client presentations, supporting relationship managers with client onboarding, and conducting market research on potential business clients. Interns often participate in team meetings, shadow client calls, and help with the creation of credit memos and loan documentation. These responsibilities provide a well-rounded exposure to the business banking environment and offer valuable hands-on experience that is beneficial for those considering a long-term career in banking.

What are the key skills and qualifications needed to thrive as a business banking intern, and why are they important?

To thrive as a Business Banking Intern, you need a foundational understanding of finance, accounting, and business principles, often supported by coursework in these areas or related degrees. Familiarity with banking software, Microsoft Excel, and CRM systems is typically required, and exposure to financial analysis tools is beneficial. Strong analytical thinking, attention to detail, and effective communication skills help interns build client relationships and support team projects. These skills and qualities are crucial for accurately assessing clients' financial needs and contributing to a high-performing banking team.

What are the most commonly searched types of Business Banking jobs in Indiana?

The most popular types of Business Banking jobs in Indiana are:

Business Banking Intern jobs near you

Commercial Underwriter II

First Financial Bank

Greensburg, IN • On-site

$58K - $78K/yr

Full-time

Re-posted 6 days ago

Job description

We do the right things, right now. We do them in a way that is relevant to our clients. Become a part of our history as it continues to be written!
If you are interested and qualified for this role, we invite you to apply.
The Commercial Underwriter II is expected to build proficiency in underwriting, developing the ability to complete the underwriting process from beginning to end with limited oversight. As the associate progresses in learning objectives, they will begin to underwrite increasingly complex commercial relationships to determine the creditworthiness of applicants within bank credit policies and guidelines. This role involves financial statement analysis, risk assessment and strategic decision making with guidance from the Associate Credit Officer and experienced underwriters. The position requires intermediate knowledge of underwriting principles and strong decision making skills.
Essential Functions/Responsibilities
  • Performs financial analysis and risk assessment for the commercial credit portfolio Within the Business Banking , Commercial & Industrial, Commercial Real Estate, or Specialty Commercial (Asset Based, Structured Cash Flow and ESOP) business lines of the Bank. Focus on new business and larger and/or more complex renewal transactions.
  • Reviews commercial loan applications and analyzes credit information on commercial applicants to make a general assessment of applicant's creditworthiness. Determines whether or not the proposed loan will conform to the Bank's lending policy. Provide feedback to the Sales and Credit teams, as appropriate, regarding the structure, underwriting, and management of loans. Maintain on-going communication with all appropriate management on the status of transactions.
  • Work directly with relationship managers and portfolio managers during underwriting process, including discussion with clients on credit and financial statement questions.
  • Financial statement spreads and covenant testing for existing clients not assigned to credit portfolio analyst.
  • Complete accurate Credit Memos for presentation to the appropriate credit authorities for decision-making on new loan credit requests, renewals, loan modifications, and periods credit reviews. Provide commentary within the credit memo as to underwriter support of such credit request or review.
  • Assist in the management of workflow and assigned credits
  • Attend local/ regional meetings

Minimum Knowledge, Skills, and Abilities Needed to Perform Essential Functions of the Job
  • Bachelor's Degree, preferably in Accounting, Finance, Economics, Business Administration
  • Three to five years of credit or Business Banking underwriting experience
  • Proficiency in mathematical concepts, in order to apply to practical situations.
  • Knowledge of advanced accounting principles and techniques
  • Strong interpersonal and communication skills
  • Strong organizational skills with attention to detail, planning and follow-up
  • Ability to work independently on multiple tasks without compromising quality
  • Proficient use of Microsoft Office and other internet resources
  • Team oriented

Preferred Knowledge and Skills
  • Master's Degree in Business

Level of Complexity and Scope
  • Manages a broad range of commercial loan applications across various industries and risk factors. The complexity is heightened by the need to understand intricate business operations, financial health, and industry-specific risk

Degree of Independence and Decision-Making
  • Moderate to high level of independence compared to entry-level positions. They are expected to make decisions on underwriting commercial loan applications, assess risk, and underwriting decisions with a certain level of autonomy.

Required Supervisory Responsibilities
  • No direct supervisory responsibilities.

Physical Requirements
  • Prolonged periods of deskwork.
  • Frequent use of computer, keyboard, phone and office equipment.
  • Occasional moving within the office or to other locations within the building.
  • Occasionally lifting and carrying light objects, typically up to 10-15 pounds.
  • Occasionally reaching for items on shelves or in drawers.
  • Clear and effective communication in person and over the phone.
  • Ability to move within an office environment.

Compliance Statement
The associate is responsible for meeting all compliance requirements imposed on First Financial Bank by State and Federal law and regulation, as well as all related First Financial Bank policies and procedures. This includes all Bank Secrecy Act, Anti-Money Laundering, OFAC and Suspicious Activity reporting requirements, as well as all other lending and deposit compliance requirements.
Development and Training
Pay Range:
$58,000/year to $78,000/year
Benefits
We have relevant, thoughtful benefits and programs that support every aspect of our associates' holistic wellbeing. Please review our Benefits Guide.
Incentive Eligibility
All roles are incentive eligible with the exception of Co-Op, Intern, or Student positions.
It is our policy to not discriminate against any individual in violation of federal, state, and local laws as it relates to age, race, color, religion, national origin, sex, marital status, pregnancy, gender identity, disability, sexual orientation, genetic information, veteran/military service, or any other characteristic protected by law.
We are an E-Verify Employer.

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