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Intern - Credit Administration
First Merchants Corporation
Indianapolis, IN, United States
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Description
First Merchants Bank is excited about our 2019 Summer Internship program! Thank you for your interest!
We are looking for highly motivated, enthusiastic college students for our 12-week paid summer internship program.
About First Merchants:
First Merchants Corporation is the largest financial services holding company located in Central Indiana. We provide our customers with broad financial services delivered locally by bankers who are known and trusted in their communities. We offer personal banking, business banking, mortgage lending, treasury management services, and wealth management.
First Merchants serves 31 Indiana, 2 Illinois and 2 Ohio counties.
Our mission is to be the most responsive, knowledgeable and high-performing financial organization for our clients, teammates and shareholders.
We are a team of associates who support and expect superior results from our company and ourselves. Accountability and execution are the foundation of our success.
The Credit Administration Intern will assist the Credit Department and Commercial line of business with multiple projects related to portfolio management and commercial sales. The Intern will also gain hands-on experience and practical application of finance and accounting within the commercial credit department.
Below is what you can expect to learn from an internship in our Credit Administration department at First Merchants Bank:
1. Learn the roles within commercial credit & banking and the products & services that the bank provides to commercial customers
2. Learn how to assess credit risk by analyzing potential repayment sources and determining the likelihood of repayment
3. Gain the skills required to analyze financial data by spreading and reviewing financial data
4. Learn the importance of portfolio management by completing interim risk monitoring
1. Complete trend reports for borrowing base certificates
2. Complete covenant monitoring
3. Complete annual credit reviews
5. Learn the importance of a team-based credit decision process
1. Attend and participate in loan committees
2. Attend and participate in opportunity memorandum discussions
Successful students will possess:
• Initiative
• Enthusiasm
• Strong Work Ethic
• Team Mentality
Who is qualified to apply?
• Must be a degree-seeking full time student at an accredited college or university.
• Must be available to work 40 hours per week at our Indianapolis Meridian Plaza Office from May 13, 2019 through August 2, 2019.
• Student must be authorized to work in the United States.
• Student must have demonstrated interest in the industry and/or specific area of interest as exemplified through past work experience, internships and/or major course of study
• Preferably a GPA of 3.0 or higher.
• Must have strong knowledge of Microsoft Office Suite
• Strong written and verbal communication skills
In addition to the learning objectives, all interns will participate as a group in a community service day in the local Muncie area. There will also be the opportunity to network with our Senior Leaders during our final presentation event in the last week of the program. Each intern will present to the wider intern group, managers and senior leaders about what projects they were involved in and takeaways that will help them be successful in their careers.