2024 Summer Commercial Banking Internship Detroit

Company: Comerica Bank
Location: Detroit
Posted on: September 19, 2023

Job Description:

Commercial Banking Summer Internship Program, (Intern)Location - Greater Detroit Metropolitan Area (Hybrid)Start - June 2024Summary: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 SupportCollect and monitor financial information.Work with Portfolio Manager and Relationship Managers on client support.Sales SupportIndustry research.Preparation of marketing materials.Prospect identification.Project: Prospect Identification and Marketing Plan DevelopmentWork 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 UnderwritingObserve 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 mentorObserve how new business is generated through referrals, prospecting, and networkingNetwork with executives within the Commercial Bank divisionMeet with leaders within the Credit organizationMeet with product partners to learn about Treasury Management, Global Capital Markets, and International Trade Finance solutionsParticipate in training opportunities offered by ComericaPosition Qualifications:Rising College Senior Status; Must be within 12 months of graduation (Grad year 2025)Accounting, Finance, Business major preferredOverall GPA of 3.0 or aboveTwo Accounting courses completed with 3.0 averageSix months experience Microsoft Office products, Word, and ExcelThe ability to work independently as well as in a team environmentExcellent communication and interpersonal skillsPrevious customer service and sales experience preferredComerica Bank Center (CBC)Monday - Friday; 8 am - 5 pm

Keywords: Comerica Bank, Detroit , 2024 Summer Commercial Banking Internship Detroit, Accounting, Auditing , Detroit, Michigan