Business Banking Intern

As the Business Banking/Lending Intern, you will work closely with the teams to support consumers and businesses in our community. This internship offers an opportunity to gain hands-on experience in business lending, consumer lending, relationship management, and financial analysis while learning about the operations of a credit union.

Key Responsibilities

  • Assist in evaluating loan applications by analyzing financial statements, credit reports, and business plans.
  • Conduct research on local businesses and industries to support the development of customized financial solutions.
  • Shadow business banking officers during member meetings and prepare follow-up summaries.
  • Help maintain and update customer records and loan documentation to ensure compliance with regulatory requirements.
  • Collaborate with internal departments (e.g., marketing, underwriting, and compliance) to support business banking initiatives.
  • Contribute to special projects, such as analyzing member business trends or assisting in the development of new products.
  • Provide administrative support, such as preparing reports, drafting correspondence, and organizing documentation.
  • Assist the consumer lending department with mortgage and consumer loan related projects.
  • Learn about vehicle titles, the loan system and a scanning system to archive loan files.

Learning Objectives

  • Gain a deeper understanding of the business banking and consumer lending landscape and credit union operations.
  • Develop skills in financial analysis, credit evaluation, and relationship management.
  • Enhance communication and teamwork skills in a professional environment.
  • Build a professional network in the financial services industry.

Location

This position will be located in Portland, ME.

Qualifications

  • Current undergraduate student pursuing a degree in Business Administration, Finance, Economics, or a related field.
  • Strong interest in commercial banking, financial analysis, and customer relationship management.
  • Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
  • Excellent analytical and problem-solving skills with attention to detail.
  • Strong communication and interpersonal skills.
  • Ability to work collaboratively in a team environment and independently on tasks.
  • Minimum of 30 hours a week.

Preferred Qualifications

  • Knowledge of financial statements and credit principles is a plus.
  • Prior experience or coursework in banking, finance, or accounting is an advantage.

Benefits

  • Competitive hourly pay.
  • Hands-on training and mentorship from experienced business banking professionals.
  • Networking opportunities within the credit union and the local business community.
  • Potential for future employment opportunities at cPort Credit Union.