Intern, Loan Administration, South Bend, IN - Summer 2025 at 1st Source Bank

Description

Internships offer great work experience to compliment your classroom learning and career goals. Internships will be during the Summer of 2024 with flexible hours based on student schedules. We are devoted to finding, selecting and training interns who will make a positive impact on our organization. Intern program activities allow you an opportunity to meet and network with Bank executives, employees, and fellow interns, as well as learn more about banking and the financial industry.

The Asset Management intern will work closely with colleagues to meet the business objectives and priorities defined by the department. The Asset/Collateral Management Intern is exposed to different areas and functions of the Loan Admin department as it performs its services for the Auto, Construction, Aircraft, Small Business, Commercial, Specialty Vehicle, and Truck/EEF divisions.

Responsibilities

Learn the basics of collateral management, inspections, and risk assessment of the collateral that support the bank’s loans.
Assist with maintaining the customer inspection files, inspector scheduling, template updates, collateral valuation process, and report writing.
Possibly assist with an actual collateral inspection at the customer’s location.
Assist with performing periodic risk reviews of current customers and collateral.
Complete assigned reports and/or projects by management by identified deadline.

Qualifications

Junior or senior, majoring in Finance or Accounting desired
Interested in pursuing a career in banking
Strong MS Office skills (Word, Excel)
Demonstrated analytical and problem-solving skills
Strong organizational skills, ability to multi-task and work independently
Solid verbal and written communication skills
Detail-oriented and accuracy a must
Confident in a professional office environment