Commercial Loan Underwriting Intern at Northeast Bank

Boston, Massachusetts, United States -

Full Time

Start Date

Immediate

Expiry Date

16 Apr, 26

Salary

0.0

Posted On

16 Jan, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Organizational Skills, Analytical Ability, Inter-Personal Skills, Communication Skills, Detail Oriented, Proficient in Excel

Industry

Banking

Description

Northeast Bank is a full-service community bank and a national commercial real estate lender with offices in Maine, Massachusetts, New York, and California. We are looking for motivated and talented individuals who want to make an impact in a growing company that cares about its employees, customers, and the communities it serves. Northeast Bank provides competitive compensation and benefits, generous PTO, and a hybrid work environment dependent on the role. If you are looking for a growing organization that prioritizes its employees, we encourage you to apply. POSITION SUMMARY: Reporting to the Director of Loan Underwriting, the Commercial Loan Underwriting Intern will contribute to the coordination of the loan underwriting and deal flow process and progress towards completing a full underwriting assignment. Qualified applicants will preferably have some prior experience with, or classwork focusing on financial statement & tax return analysis. S/He must have strong organizational skills and analytical ability as well as show initiative and drive throughout the document request, collection, and underwriting process. Additionally, while working in an independent and reliable manner is critical, teamwork and effective communication will also be necessary for success. RESPONSIBILITIES: * Coordinate the loan underwriting process including requesting, collecting, and managing required documentation * Distribute and maintain Due Diligence Checklists * Collect, review, and advise underwriting team regarding receipt and status of all underwriting documentation * Under supervision from senior underwriter, analyze data from credit reports, financials, and supporting documentation and transcribe into an underwriting credit narrative / loan recommendation to be presented to the Director of Loan Underwriting and the Credit Committee * Work closely with Portfolio and Business Analysts to monitor existing underwriting pipeline and deal workflow * Perform ad hoc reporting or other projects when necessary KNOWLEDGE, SKILLS AND ABILITIES: * Excellent organizational skills * Excellent inter-personal and communications skills * Ability to handle multiple tasks in a timely manner * Detail Oriented * Proficient in keyboard and word documents, redlining * Familiarity with Excel PHYSICAL DEMANDS AND CONDITIONS: * Must be able to remain in a stationary position for long periods of time. * Must be able to occasionally lift up to 20lbs. * Consistently operates a computer and other office equipment such as calculator, copy machine and printers. * Climate controlled general office setting with moderate noise level. * Must express or exchange ideas with co-workers, customers and vendors. Northeast Bank is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, national original, veteran status and any other classification protected by Law. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Responsibilities

The intern will coordinate the loan underwriting process, including managing documentation and analyzing data for loan recommendations. They will work closely with the underwriting team and perform ad hoc reporting as needed.