2024 Summer Commercial Banking Internship Detroit

3 weeks ago


Detroit, Michigan, United States COMERICA MANAGEMENT CO INC Full time
Commercial Banking Summer Internship Program, (Intern)
Location - Greater Detroit Metropolitan Area (Hybrid)
Start - June 2024

Summary:
The Commercial Banking Internship is tailored to students interested in business banking. Whether you desire to become future relationship managers, portfolio managers, or an underwriter this will be a great opportunity.

This comprehensive 8-week internship program will provide students the opportunity to experience first-hand the relationship banking environment that has defined Comerica's strong ties to clients, colleagues, and communities for over 170 years.


Position Responsibilities:
Portfolio Management Support

  • Collect and monitor financial information.
  • Work with Portfolio Manager and Relationship Managers on client support.
Sales Support

  • Industry research.
  • Preparation of marketing materials.
  • Prospect identification.

Project:
Prospect Identification and Marketing Plan Development

  • Work with the team to understand the target customer profile.
  • Leverage resources such as LinkedIn, publications, etc. to identify prospects.
  • Use industry research to develop value proposition and marketing plan with the Relationship Manager.
  • Create an introductory presentation for the prospect meetings.
Commercial Underwriting

  • Observe the process for spreading financial statements and underwriting loans.
  • Complete a special project to refine key Commercial Underwriting resources.

Interns will also have opportunities to:

  • Have an experienced Relationship Manager as a mentor
  • Observe how new business is generated through referrals, prospecting, and networking
  • Network with executives within the Commercial Bank division
  • Meet with leaders within the Credit organization
  • Meet with product partners to learn about Treasury Management, Global Capital Markets, and International Trade Finance solutions
  • Participate in training opportunities offered by Comerica

Position Qualifications:

  • Rising College Senior Status; Must be within 12 months of graduation (Grad year 2025)
  • Accounting, Finance, Business major preferred
  • Overall GPA of 3.0 or above
  • Two Accounting courses completed with 3.0 average
  • Six months experience Microsoft Office products, Word, and Excel
  • The ability to work independently as well as in a team environment
  • Excellent communication and interpersonal skills
  • Previous customer service and sales experience preferred
Comerica Bank Center (CBC)
Monday - Friday; 8 am - 5 pm

Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.

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