What are the responsibilities and job description for the Intern position at CalPrivate Bank?
Description
CalPrivate Bank is an equal opportunity employer, committed to diversity equity and inclusion.
Internship Summary:
This internship will have one spot available in El Segundo. This internship spot is ideal for any student who is pursuing a business administration, finance or business management degree as well as any undergraduate degree correlated with an understanding of lending and credit principles, branch functions, sales, and portfolio management. The duration of the program will be eight weeks.
Objective:
Develop an understanding and hands-on working knowledge of the Bank’s South Bay Office including Lending, New Accounts, Sales, and Portfolio Management functions.
Internship Coordinator & Mentor:
Vincent Vanacore – SVP Market Manager
Learning Goals:
Lending
a. analyzing financial reports
b. preparing concept memos and LOIs
c. determining structure/product
New Accounts:
- determine the documentation that is required for deposit products
- collect/complete needed documentation
Sales:
- review and organize various prospect reports
- cold call potential prospects
Portfolio Management
a. review Loan Agreements for financial reporting & loan covenants
b. review past due & loan maturities reports
c. organize credit folders
Training Schedule:
The intern will spend eight weeks with approximately 15 hours per week, working with various members of the South Bay office including the Lending and Branch teams.
Goal Achievement:
At the conclusion of the program, all established goals and objectives will be evaluated to determine if the work product has met or exceeded such objectives. Throughout the duration of the internship, the program mentor / coordinator will provide regular progress updates and will provide consistent feedback. Interns will be encouraged to share their feedback and communicate key takeaways from their experience in the program.
Requirements
To be considered for this internship, candidates must be college level students and ideally pursuing a degree in business administration, finance, MBA or a comparable undergraduate degree which is correlated to an understanding of lending and credit principles.
