First State Bank – Job Description
Job Title: Credit Department Intern Status: Non-Exempt
Department: Risk Management - Credit Administration
Reports To: Credit Manager
Primary Purpose of the Job:
Support the credit team by assisting with the evaluation, assessment, and management of credit risk for potential and existing clients.
Essential DUTIES:
- Enter tax returns and financial statements into Moody’s Lending Cloud.
- Provide general support to other members of the Credit Department
- Backup the Credit Associate when they are unavailable
- Assist in performing new loan audits
- Assist in financial statement tracking
- Exposure to the process of credit analysis, which includes:
- Prepare Committee Presentation Sheets for new and existing Commercial Credits
- Produce cash flows using Excel software
- Produce collateral charts using acceptable valuation methods and approved advance rates
- Spread financial statements using Moody's Lending Cloud
- Use Fiserv Navigator to itemize lending and deposit relationships of commercial loan customers
- State the customer’s compliance with financial statement reporting requirements
- State the customer’s compliance with financial covenants
- Record committee minutes for upper management reporting
- Run and analyze personal credit reports
- Prepare a "Credit Department Opinion" and review existing risk rating for committee presentations
- Order various forms of due diligence, including but not limited to: Real estate appraisals, equipment appraisals, collateral evaluations, and environmental reports
- Create and maintain a courteous and professional relationship with co-workers while maintaining timely and prompt daily attendance
- Complete special projects as directed
- Other duties as assigned
Required Experience/SKILLS:
- Good time management, analytical, and organizational skills
- Excellent communication skills (written and verbal)
- Understanding of basic concepts in the fields of Finance and Accounting.
- Ability to handle various tasks simultaneously
- Ability to work independently
- Responsible for meeting timelines of production
- Loan administration experience a plus
- Working knowledge of Excel, Word, and Outlook
Required EDUCATION:
- Minimum four credits in Accounting courses
- Enrolled in an undergraduate program, majoring in Finance, Accounting or Business
Preferred EDUCATION:
- Prior coursework in the following additional disciplines: Finance, Business, and Composition
Working CONDITIONS:
- Office environment with little exposure to physical hazards or conditions
- Ability to enter data into a computer and work with computer programs: Microsoft Word, Excel, and Outlook.
- Ability to stand and/or sit for long periods of time
- Ability to reach with hands and fingers, touching computer buttons/adding machine buttons for extended periods of time
- Ability to work a flexible schedule when necessary in order to meet deadlines.
Employees are expected to comply with all laws, regulations, bank policies and procedures, including specifically First State Bank’s Bank Secrecy Act and Anti-Money Laundering Policy and procedures, and its Customer Identification Program. Failure to comply with either the letter and/or spirit of these laws may result in disciplinary action, up to an including termination.
This job description does not list all the duties of the job. You may be asked by supervisors or managers to perform other instructions and duties. You will be evaluated in part based on your performance of the tasks listed in this job description.
Management has the right to revise this job description at any time. The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.
