This general scope of this internship is to provide the incumbent with exposure to a variety of business experiences in community banking. Areas of learning will be include a focus on branch banking: operations, deposits and loans, and customer service. Additional exposure in lending will include consumer, small commercial, and agricultural loans work with the Market President and Commercial/Ag Banker. Other areas include loan servicing and support for branch lending.
Internships will begin in May or June and last for 10-12 weeks.
Exposure to retail customer products and services including the opening and closing of accounts;
Use of bank technology and resources (ie. OnePops and OneView) to keep customer information current and inform them of additional ways we can meet their needs;
Customer service and problem solving related to deposit account transactions:
Introduction to a variety of additional retail services such as ATM/Debit cards (ie. ordering and closing cards, resolving transaction errors, handling fraudulent transactions); overdraft protection services; check orders, wires and other electronic transfers; online banking
Branch operations duties occurring on a daily, weekly, monthly basis (ie. opening closing duties, balancing of accounts, completion of night drop and mail logs, etc.
Learning the process of setting up consumer, commercial and home equity loans files for loan officers/personal bankers
Credit reports, title opinion requests, loan compliance assistance, loan policy guidelines
Review of loan documents; data input/stored in bank’s mainframe system
Loan maintenance check back, file documentation reviews, CIP check back, HMDA or other compliance reviews.
Input, updating and review of data/reports from the document imaging system (scanning and monitoring of image documents)
Reports and forms using Excel and Director.
Preparation of loan presentations for use by lending officers or committees to make lending decisions on new credit approvals and renewals.
Assessment of total risk pertaining to requests for new or additional credit through the analysis of financial statements and credit history.
Preparation of annual credit reviews for existing commercial customers including the review of tax returns, company prepared financials and audits.
Spreading of financial statements
Analysis of industry trends
Completion of impairment worksheets
Analysis of the bank's loan loss reserve adequacy
Identification and reporting; missing loan documentation.
Determining bank compliance with Federal and State banking laws and regulations pertaining to credit.
Monitoring and handling of delinquent credits and overdrafts, including any collections in process or repossessed assets.
Preparation of various written reports for bank management and board of directors.
Compiling the loan package including a review of loan agreements and adherence to policy.
Loan closing and funding activities.
Must be currently pursuing college degree. Experience and knowledge in fundamental accounting and finance preferred. Interest in banking and/or Ag lending as a career preferred.
At MidWestOne Bank diversity is embraced and we are committed to equal employment opportunity regardless of race, color, religion, sex, national origin, sexual orientation, gender identity, creed, Veteran status, disability, or any other legally protected status. If you have a disability or special need that requires accommodation, please let us know.
FLSA Status: Non-Exempt
Street 2: 822 12th Street
Street 2: 700 Main Street, Suite 100
Hours Per Week: Up to 40
External Company Name: MidWestOne Bank
External Company URL: http://midwestone.com/
Street: 11 BELLEPLAINE