Commercial Credit Underwriter Intern - S

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Commercial Credit Underwriter Intern
#1728

Springfield, Massachusetts, United States
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Job Description

Division: Beacon Bank & Trust
Department: Portfolio & Credit Admin
Reports to: Head of Portfolio & Credit Administration
Status: Non-Exempt
Grade: 4
Salary Range: $15.00 - $24.91
Salary range updated 2/26/2026. Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.
Location: Glastonbury CT & Springfield, MA
10 week internship to start in early June
2 days per week
Tuesdays 9:00 am - 4:00 pm in Glastonbury, CT
Thursdays 9:00 am - 4:00 pm in Springfield, MA
Principal Objective
Under the direction of designated Commercial Credit Officers, the Commercial Credit Underwriter Intern works with the Credit Underwriting and Portfolio Management team to generate market reports, analyze corporate financial statements, and prepare loan approval memoranda to facilitate lending decisions and aid in underwriting for Business Banking, C&I, and Commercial Real Estate lines of business. The Commercial Credit Underwriter Intern investigates and analyzes credit risks and provides integral data to aid in preparation of credit approval memos.

Key Accountabilities:

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.
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.
Attended formal credit training sessions and shadow each segment of the region to gain a general understanding of the lending process and function of the Bank.
Develop a comprehensive understanding of credit underwriting analyses in order to prepare succinct written reports to facilitate lending decisions on new money, renewals, and extension requests, including recommended credit ratings, Borrower and industry risk assessments with mitigating factors, and a complete, accurate summary of the Bank's lending relationship.
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.

Education:

Rising Junior or Senior
Pursuit of or obtained Bachelor's Degree in Accounting, Finance or Business Administration

Experience:

Applicable coursework in degree field.
Previous internships helpful but not... For full info follow application link.

Berkshire Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or national origin.