2025 Summer Intern - Underwriting & Portfolio Management (Irvine, CA)

Description

Start Date: May 2025

Commercial Summer Internship Program

The Commercial Summer Internship Program is designed to give interns a look at Citizens Bank's culture and exposure into one of the many commercial banking business lines through project-based assignments, learning curriculum, networking, volunteer opportunities and formal mentorship. Responsibilities will vary based on the group you're assigned to and will leverage your unique skills and abilities. At the conclusion of the 10-week program, high-performing interns will be considered for a potential offer for direct employment into the General Restaurant/Retail Petroleum Team. Note that the General Restaurant/Retail Petroleum team is in Irvine, CA and only candidates willing to work from this office location will be considered for the position.

Opportunities Overview:

The Summer Intern will support an Underwriting and Portfolio Management (U&PM) Team that focuses on underwriting credit requests for new borrowers and managing a portfolio of the bank's existing relationships. Citizens Bank is seeking a Summer Intern to join its Specialty Finance Group in the bank's Irvine, California office. The Group includes the Retail Petroleum team, which finances multi-site operators of convenience and retail fueling facilities, and the General Restaurant team, which finances large, multi-unit restaurant franchisees and restaurant operators. Successful Summer Interns become well-positioned for a promising career in commercial banking and are equipped with the fundamentals of underwriting and portfolio management, which will be transferrable to a wide range of opportunities.

Responsibilities:

• The Summer Intern will work as part of a commercial client coverage deal team and will support Portfolio Managers (PM), Credit Analysts (CA), and Relationship Managers (RMs) as follows:
• Underwriting credit requests for new borrowers by assisting with credit analysis, preparation of deal screening memos, new credit approval requests, loan closings, and annual reviews of existing client relationships. This includes learning / preparing financial models, written financial analysis, conducting industry research, and preparing written summaries of industry issues, risks, opportunities, and the competitive environment, communicating questions or observations, and utilizing internal risk and return models and loan systems.
• Managing existing borrower relationships by monitoring for the receipt and accuracy of borrower reporting including financial statements, covenant compliance certificates, and collateral requirements.
• Perform market analysis and assist in the development of commercial client prospect lists as needed.
• Work with the Relationship Managers to assist in preparation of client presentations.
• Participate in Team Meetings, Capital Markets calls and broader Commercial Banking calls.
• Participate in client meetings or conference calls.
• Network within the commercial bank and ask questions about specific roles.
• Complete other tasks and special projects as required.

Qualifications:

• Successfully complete a video interview assessment within 7 days of receiving the link. If not completed within the timeframe, your application will be automatically withdrawn from consideration.
• Current students enrolled in an undergraduate bachelor's program, graduating between Winter 2025 - Spring 2026 OR current students enrolled in a graduate program, graduating between Winter 2025 - Spring 2026
• Minimum GPA of 3.2; Preferred cumulative GPA of 3.5.
  • Please include your cumulative GPA on your resume.
• Relevant work experience, leadership experience or coursework in Finance, Accounting or Economics is preferred but all majors will be considered.
• Strong analytical skills and software skills: MS Office (Word, Excel, PowerPoint) proficiency is required.
• Candidates must currently be a U.S. Resident to be eligible for this program.
  • Please note that U.S. Immigration sponsorship or work visa is not available for intern / full time Analyst positions and candidates must have permanent authorization to work in the U.S

This position offers $30/hr as a starting rate.

Since this a temporary position, you are not eligible to participate in the Citizens colleague benefits program. Accordingly, you will not be eligible to participate in the Citizens health and welfare plans, savings and investment plans, or discretionary award plans or any other Citizens benefit plans or programs, except as otherwise required by law.

Hours & Work Schedule

• Hours per Week: 40
• Work Schedule: M - F

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.

Equal Employment and Opportunity Employer

Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.
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