Commercial Lending Intern (Summer) - Austin, Westlake

External Applicants: Please apply through Prosperity Bank's Career Center at https://www.prosperitybankusa.com/Careers. Applying through any other source may prevent Prosperity from receiving your application. 
Internal Applicants: If you are a current associate of Prosperity Bank, please apply through the internal Talent - Career Center in ADP. Prosperity Bank is an Equal Opportunity Employer.

POSITION PURPOSE

8-week Internship program with CTX Lending and Credit Departments to observe and to review credit and financial reports to determine risk involved in loaning money or extending credit.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

1. One- or two-weeks basic Credit Analysis training
2. Spreading and analysis of commercial financial statements for prospective and existing loan customers.
3. Reviewing loan request presentation packages including loan structuring, collateral analysis, guarantor analysis, and calculation of Global Debt Service Coverage.
4. Rotations through various departments as available.
5. Shadowing opportunities as assigned.
6. Final summer project based around a loan presentation.
7. Other duties as assigned.

The above statements describe the general nature and level of work only.  They are not an exhaustive list of all required responsibilities, duties, and skills.   Other duties may be added, or this job description amended at any time.

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QUALIFICATIONS:

EDUCATION/CERTIFICATION: Pursuing Bachelor’s Degree in Business Administration, Accounting, or Finance, preferably enrolled in Commercial Banking Certificate Program. A transcript and resume are required.

REQUIRED EXPERIENCE: Minimum junior in college (to be senior or pursuing Master’s in the next Academic year).  

SKILLS/ABILITIES: Ability to work on multiple transactions simultaneously and prioritize assignments to meet deadlines. 

                                                Strong analytical skills with an ability to interpret complex financial information and identify relevant risks. 

                                                Strong verbal and written communications skills. 

CAREER PROGRESSION:  Successful candidates will have the opportunity of becoming Credit Analyst I.

POSITION LOCATION: Aside from a two week training session in Richardson, Texas, the primary position location will be the Westlake banking center. Applicants must be based in Austin area. Housing or relocation costs will not be covered. Only the hotel, travel, and food costs of training will be covered.

PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Talking: Especially where one must frequently convey detailed or important 

                  instructions or ideas accurately, loudly, or quickly.

Average Hearing: Able to hear average or normal conversations and receive

                                     ordinary information.

Repetitive Motion: Movements frequently and regularly required using the wrists, 

                                       hands, and/or fingers.

Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect 

                                                    documents or products or operate machinery.

Physical Strength: Sedentary work; sitting most of the time.  Exerts up to 10 lbs. of 

                                         force occasionally.  (Almost all office jobs.)

WORKING CONDITIONS

None: No hazardous or significantly unpleasant conditions (such as in a 

typical office).

MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Reasoning Ability: Ability to deal with a variety of variables under only limited 

standardization.

Able to interpret various instructions.

Mathematics Ability: Ability to compute interest, payments, profit and loss, financial ratios, percentage, cash flow and debt service.  

                                                Able to perform very simple algebra.

Language Ability: Ability to read a variety of books, magazines, instruction manuals, atlases, and encyclopedias.

Ability to prepare memos, internal loan applications, reports, and 

                                                essays using proper punctuation, spelling, and grammar.

                                                Ability to communicate distinctly with appropriate pauses and 

                                                emphasis, correct pronunciation (or sign equivalent), and 

                                                variation in word order using present, perfect, and future tenses.