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Intern, Asset/Collateral Management, South Bend, IN

Company: 1st Source Bank
Location: South Bend
Posted on: November 26, 2022

Job Description:

Position Summary

Internships offer great work experience to compliment your classroom learning and career goals. Internships will be during the Summer of 2023 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.

Essential Requirements

* 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.


* 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

Intern Program Activities (anticipated, subject to change): June - early August

* Orientation Kickoff

* Networking opportunities to connect you with other internal and alumni interns

* Attend a required "all student" virtual networking event at the end of the internship presenting to key members of Sr. Management and participating in a panel discussion with Sr. Management

Internship Basics

* 10 - 12 week summer duration desired, flexible start and end dates

* 40-hour anticipated work week, Monday through Friday (flexible hours based on your schedule)

* Paid opportunity

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions.

While performing the duties of this job, the employee is required to sit, stand and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds.

Keywords: 1st Source Bank, South Bend , Intern, Asset/Collateral Management, South Bend, IN, Executive , South Bend, Indiana

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