Berkshire Bank is seeking a Commercial Credit Underwriter Intern to work with the Credit Underwriting team under the direction of designated Commercial Credit Officers. The intern will analyze corporate financial statements, prepare loan approval memoranda, and investigate credit risks to facilitate lending decisions on various commercial loan requests.
Responsibilities
Prepares concise written reports to facilitate lending decisions on new, renewal, and extension loans and other bank facilities, for middle market borrowers. Reports include a recommended credit rating, summary of facts, identification of key borrower and industry risks and mitigating factors, as well as a complete and accurate statement of the bank’s borrowing relationship.
Analyzes and spreads financial statements and tax returns to assess the financial condition of existing and new borrowers and their financial viability. Assesses the adequacy of collateral. Analyzes and assesses trends, ratios, and cash flow.
Obtains and reviews pertinent management, industry, financial and collateral information from the credit file or outside sources. Determines additional information/investigation needs and contacts appropriate sources to ensure a complete analysis.
Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one’s duties.
Qualification
Required
Rising Senior or recent graduate
Pursuit of or obtained Bachelor’s Degree in Accounting, Finance or Business Administration
Applicable coursework in degree field.
Strong analytical skills
Knowledge of both financial and managerial accounting
Computer skills (Word, Excel & Power Point)
Strong written/verbal communication skills
Ability to multi-task and meet deadlines
Preferred
Previous internships helpful but not required
Berkshire Bank is a division of Beacon Bank & Trust, commonly known as Beacon Bank, a subsidiary of Beacon Financial Corporation (NYSE: BBT).
