This internship is scheduled for May - August 2027. Come join our team!

Position Summary:

The purpose of this bank internship is to gain a thorough understanding of everyday functions of a community bank. This position will be assisting the Finance and Business Banking Departments in all aspects of developing and managing commercial loan portfolio including preparation of credit narratives, responding to credit inquiries, and maintaining appropriate accounting standards for preparation, analysis, and delivery of financial reports. Emphasis will be placed on credit analysis process and data entry. The internship will also include other areas of the lending process such as interviews, investigation, documentation, and collection.

Primary Accountabilities and Responsibilities:

Accountability 1: Assist with commercial credit analysis process including data entry. Ensure credit files are current and completed with required documentation.(30%) Accountability 2: Assist the business bankers with the accurate and timely delivery of loan documents and to maintain loan files and tracking in accordance with bank policy. (15%) Accountability 3: Assists in preparing portfolio management reports including credit reports, annual reviews, cash flow, financial statements, and inspection reports. Provides executive management with reports and loan information, as required. (15%) Accountability 4: Conduct inspections of collateral. Assist with collecting loans. Initiates and follows through with liquidation/foreclosure, when necessary. (10%) Accountability 5: Monitor local and national business trends. (10%) Accountability 6: Complete a project as assigned by bank management (10%)

Secondary Duties and Responsibilities:

(10%) Assist in other departments of the bank as needed. Comprehend and comply with all pertinent Bank Secrecy Act/OFAC/CIP policies and procedures. Complete annual training. Identify customers and establish expected patterns of behavior through customer profiles, NBFI forms, and risk ratings. Communicate any unusual activity or loan fraud to the BSA Officer. Responsible for following bank policies and procedures for compliance relative to the functions of their positions. Employee will also be responsible for completing applicable annual compliance training as required by compliance laws, regulations and bank policy.

Education, Experience, and Other Requirements:

College students majoring in business, accounting, finance, or related field.

Performance Measures:

Models and upholds BankIowa's Behavior Standards Punctuality and attendance