Commercial Banking and Credit Development Program

1 week ago


Charlotte, North Carolina, United States Fifth Third Bank, N.A. Full time
About the Program

Fifth Third Bank, N.A. is proud to offer a comprehensive Commercial and Credit Internship Program, designed to provide college students with hands-on experience in the commercial banking industry.

Program Overview

  • This 10-week program is a paid professional development opportunity that allows participants to gain a deeper understanding of Fifth Third Bank's business practices, operations, and procedures.
  • Participants will have the opportunity to work on real-world projects, receive feedback and evaluation, and develop critical skills in analyzing client financial statements, assessing risk, financial modeling, and underwriting.
  • The program is designed to provide participants with a comprehensive understanding of the commercial banking industry, including credit and sales rotations, and exposure to executive leadership.

Key Responsibilities

  • Gain an understanding of the underwriting process with oversight
  • Assess credit risk using financial statement, cash flow, industry, collateral, guarantor, and loan structure analyses
  • Update financial covenants as needed
  • Run Probability of Default (PD) model with oversight
  • Partner with portfolio managers to support the daily underwriting and credit monitoring duties while performing analytical tasks as needed
  • Understand and evaluate completed spreads to determine necessary edits
  • Identify and recommend preliminary portfolio management actions using credit service reporting and RADAR with oversight
  • Create client presentation materials using PowerPoint, Excel, Word
  • Use Dealpoint Profitability Analyzer to assess the client relationship and determine RAROC value
  • Assist in identifying and qualifying prospects with relationship manager
  • Partner with relationship managers to perform projects or analytical tasks as needed
  • Draft initial deal screen / opportunity memos
  • Build an extensive network of contacts within commercial and supporting divisions
  • Attend formal training classes, complete assigned eLearning courses, and participate in extensive self-learning

Requirements

  • Currently enrolled in a college or university pursuing a Business degree (accounting, economics, finance concentrations preferred)
  • A minimum cumulative GPA of 3.0
  • Basic Excel proficiency (data entry, formatting, charts, basic formulas, Vlookup)
  • Campus involvement/leadership experience
  • Relevant internship/co-op experience
  • Ability to complete both guided and self-directed learning activities
  • Financial and industry acumen


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