The Role
Analyzes personal and commercial financial statements, tax returns, loan covenants, and borrower reporting compliance. Clears financial reporting exceptions, prepares covenant compliance memorandums, manages compliance certificates and ticklers, obtains missing financial information, and ensures credit procedures comply with bank loan policy while collaborating with credit and loan review teams.
Summary Generated by Built In
Credit Interns are responsible for analyzing credit information on existing customers to determine if they are in compliance with financial reporting and financial loan covenants in relation to borrower’s loan agreements. Interns are responsible for clearing financial reporting exceptions, spreading financial statements, and completing covenant compliance memorandums.
Essential Duties
- Spread and evaluate various types of personal and commercial financial statements including balance sheets, income statements, statements of cash flow, and tax returns.
- Independently contact available internal resources and/or clients for financial information when necessary.
- Monitor borrower loan covenants including financial covenants and the submission of timely financial statement reporting.
- Create and update ticklers and manage completion of compliance certificates.
- Maintain effective relationships with Credit Analysts, Regional Credit Manager, and Loan Review staff.
- Ensure that procedures and credits comply with City Bank’s loan policy.
- Other job duties as required by the Regional Credit Managers or Manager of Commercial Credit Underwriting.
Equal Opportunity Employer/Veterans/Disabled
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The Company
What We Do
City Bank is a Member FDIC financial institution focused on delivering a high-quality banking experience. The company cultivates a professional environment that fosters innovation, community involvement, and leadership. Driven by a goal to create satisfying outcomes for its customers, City Bank maintains a people-first culture and offers a comprehensive benefits package designed to support the physical, emotional, financial, and social well-being of its employees.
