Division: Risk Management
Department: Credit
Reports to: FVP, Head of Portfolio & Credit Administration
Status: Non-Exempt
Grade: 3
Salary Range: $15.00 - $24.19 per hour
Actual compensation within the pay range will be decided based on factors including, but not limited to, skills, prior relevant experience, and specific work location.
Location: Albany, NY - 30 South Pearl St
Purpose/Objective:
Under the direction of designated Commercial Credit Officers, the Commercial Credit Underwriter Intern works with the Credit Underwriting team to analyze corporate financial statements and prepare loan approval memoranda to facilitate lending decisions on middle market commercial loan requests, Asset Based Lending and Commercial Real Estate loan requests. The Commercial Credit Underwriter Intern investigates and analyzes credit risks and provides recommendations including appropriate risk rating for credit requests.
Key Accountabilities:
- Prepares concise written reports to facilitate lending decisions on new, renewal, and extension loans and other bank facilities, for middle market borrowers. Reports include a recommended credit rating, summary of facts, identification of key borrower and industry risks and mitigating factors, as well as a complete and accurate statement of the bank’s borrowing relationship.
- Analyzes and spreads financial statements and tax returns to assess the financial condition of existing and new borrowers and their financial viability. Assesses the adequacy of collateral. Analyzes and assesses trends, ratios, and cash flow.
- Obtains and reviews pertinent management, industry, financial and collateral information from the credit file or outside sources. Determines additional information/investigation needs and contacts appropriate sources to ensure a complete analysis.
- Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one’s duties.
Education:
- Rising Senior or recent graduate
- Pursuit of or obtained Bachelor’s Degree in Accounting, Finance or Business Administration
Experience:
- Applicable coursework in degree field.
- Previous internships helpful but not required
Skills & Knowledge:
- Strong analytical skills
- Knowledge of both financial and managerial accounting
- Computer skills (Word, Excel & Power Point)
- Strong written/verbal communication skills
- Ability to multi-task and meet deadlines
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Berkshire Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us at [email protected].
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What We Do
Berkshire Bank is a division of Beacon Bank & Trust, commonly known as Beacon Bank, a subsidiary of Beacon Financial Corporation (NYSE: BBT). Berkshire Bank has $12 billion in assets and 83 financial centers. The Bank provides a comprehensive suite of tailored banking solutions through its Commercial Banking, Retail Banking, Consumer Lending, Private Banking and Wealth Management divisions. Newsweek named Berkshire one of the Most Trustworthy Companies in America and one of America’s Best Regional Banks.
