Commercial Lending Intern - Austin, Congress at PROSPERITY BANK

Austin, Texas, United States -

Full Time

Start Date

Immediate

Expiry Date

30 May, 26

Salary

0.0

Posted On

01 Mar, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Analysis, Financial Statement Analysis, Loan Structuring, Collateral Analysis, Guarantor Analysis, Debt Service Coverage Calculation, Analytical Skills, Verbal Communication, Written Communication, Prioritization, Time Management

Industry

Banking

Description

External Applicants: Please apply through Prosperity Bank's Career Center at https://www.prosperitybankusa.com/Careers [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.prosperitybankusa.com%2FCareers&data=05%7C02%7Csandra.olivarez%40prosperitybankusa.com%7C4351c6288a4f46ccbc9e08dcd40d9146%7C00eda10cf32f45b88e91257da01a8f7c%7C0%7C0%7C638618401955642480%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=yg2VkStkdrf7Of6ttN7si0bcqfep9Z6KvaukXq%2BSYpI%3D&reserved=0]. Applying through any other source may prevent Prosperity from receiving your application. Internal Applicants: If you are a current associate of Prosperity Bank, please apply through the internal Talent - Career Center in ADP. Prosperity Bank is an Equal Opportunity Employer. POSITION PURPOSE 8-week Internship program with Lending Team & Credit to observe and to review credit and financial reports to determine risk involved in loaning money or extending credit. ESSENTIAL FUNCTIONS AND BASIC DUTIES * One-week basic Credit Analysis training. * Spreading and analysis of commercial financial statements for prospective and existing loan customers. * Reviewing loan request presentation packages including loan structuring, collateral analysis, guarantor analysis, and calculation of Global Debt Service Coverage. * Rotations through various departments as available. * Shadowing opportunities as assigned. * Customer meetings and calls assigned. * Other duties as assigned. The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this job description amended at any time. SUPERVISORY RESPONSIBILITIES: This role has no supervisory responsibilities. QUALIFICATIONS Education/Certification: Pursuing Bachelor's degree in business administration, Accounting, or Finance, preferably enrolled in Commercial Banking Certificate Program. Required experience: Minimum junior in college (to be senior or pursuing Master’s in the next Academic year. Skills/Abilities: Ability to work on multiple transactions simultaneously and prioritize assignments to meet deadlines. Strong analytical skills with an ability to interpret complex financial information and identify relevant risks. Strong verbal and written communications skills. CAREER PROGRESSION: Successful candidates will have the opportunity of becoming Credit Analyst I. POSITION LOCATION: Aside from the training session in Richardson, Texas, the primary position location will be various Austin Banking Centers. Applicants must be based in Austin area. Housing or relocation costs will not be covered. Only the hotel, travel, and food costs of training will be covered. PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION Talking: Especially where one must frequently convey detailed or important instructions or Ideas accurately, loudly, or quickly. Average Hearing: Able to hear average or normal conversations and receive ordinary information. Repetitive Motion: Movements frequently and regularly required using the wrists, hands, and/or fingers. Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect documents or products, or operate machinery. Physical Strength: Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally. (Almost all office jobs.) WORKING CONDITIONS None: No hazardous or significantly unpleasant conditions (such as in a typical office). MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION Reasoning Ability: Ability to deal with a variety of variables under only limited standardization. Able to interpret various instructions. Mathematics Ability: Ability to compute discount, interest, profit, and loss; commission markup and selling price; and ratio, proportion, and percentage. Able to perform very simple algebra. Language Ability: Ability to read a variety of books, magazines, instruction manuals, atlases, and encyclopedias. Ability to prepare memos, reports, and essays using proper punctuation, spelling, and grammar. Ability to communicate distinctly with appropriate pauses and emphasis, correct pronunciation (or sign equivalent), and variation in word order using present, perfect, and future tenses. Monday - Friday: 8:00AM - 5:00PM 40 hours a week

Responsibilities

This 8-week internship involves observing and reviewing credit and financial reports to assess the risk involved in lending money or extending credit. Essential duties include performing credit analysis training, spreading and analyzing commercial financial statements, and reviewing loan request packages.