Intern - Credit Administration

First Merchants Bank - Fort Wayne, IN3.3

Full-time | InternshipEstimated: $41,000 - $58,000 a year
Skills
First Merchants Bank thanks you for your interest in our 2020 Summer Internship program!

We are looking for highly motivated, enthusiastic college students for our 12-week paid summer internship program.

About First Merchants:
First Merchants Bank 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 27 Indiana, 2 Illinois, 2 Ohio and 2 Michigan counties.

Our mission is to be the most responsive, knowledgeable and high-performing bank 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 gain experience within varying roles in Commercial Banking and Credit Administration.

Below is what you can expect to learn from an internship in our Credit Administration Department at First Merchants Bank:

Learn the roles within commercial banking including commercial bank products and services
Learn how to assess credit risk by analyzing potential repayment sources and determining the likelihood of repayment.
Gain the skills required to analyze financial data by spreading and reviewing financial data.
Learn the importance of portfolio management by completing interim risk monitoring:
Complete trend reports for borrowing base certificates.
Complete covenant monitoring.
Complete annual credit reviews.
Report concerns to management and relationship managers.

Learn the importance of a team-based credit decision process:
Attend and participate in loan committees.
Attend and participate in opportunity memorandum discussions.

Successful students will possess:
Initiative
Enthusiasm
Strong Work Ethic
Team Mentality
Self-Motivation
In addition to the learning objectives, all interns will participate as a group in a community service project. 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 the projects they were involved in and takeaways that will help them be successful in their careers.

Who is qualified to apply?

Students must:
be a degree-seeking full time student at an accredited college or university.
be available to work 40 hours per week at our Fort Wayne Downtown office from May 18, 2020 through August 7, 2020.
be authorized to work in the United States.
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.
possess a GPA of 3.0 or higher.
have strong knowledge of Microsoft Office Suite
have strong written and verbal communication skills
What are next steps?

After you submit your application and resume for the internship program the Internship Coordinator will review your qualifications. If you are selected to begin the interviewing process you will receive an email from RIVS (noreply@rivs.com), our recorded interviewing platform. Please note: this is a legitimate email and it is safe to click on the link to begin the interview. We appreciate your interest in our program!
Work Hours Full Time (May 18 - Aug 7)