Citizens Bank
2024 Summer Intern - Leveraged Finance (Boston)
This job is now closed
Job Description
- Req#: 28650
- Assist in credit analysis, preparation of deal screening memos, new credit approval requests, quarterly analysis, and annual reviews of existing client relationships. This includes assisting in preparing financial models, financial statement spreading, 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
- Monitor for the receipt and accuracy of client reporting including financial statements, and covenant compliance certificates
- Participate in Team Meetings, Capital Markets calls, and broader Commercial Banking calls.
- Participate in deal screen presentations and credit approval meetings
- Participate in client conference calls
- Network within the team and the Commercial Bank and be curious about other roles
- Complete a Case Study and presentation focused on credit analysis and financial modeling for a potential client relationship
- Complete additional tasks and special projects as required.
- Current students enrolled in an undergraduate program, graduating between Winter 2024 – Spring 2025
- Preferred cumulative GPA of 3.5
- Relevant work 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.
- You 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 this position or for full time Analyst positions and candidates must have permanent authorization to work in the U.S
Description
Job Title: 2024 Summer Intern - Leveraged Finance (Boston)
Location: Boston, MA
Duration: 10 weeks
Start Date: May 2024
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.
Leveraged Finance Overview
The Leveraged Finance team underwrites, executes, and manages a portfolio of leveraged middle-market cash-flow loans, principally to private equity sponsor-backed companies in a variety of industries. Since the Leveraged Finance team sits under the Capital Markets & Advisory platform, the selected summer intern(s) will have the unique opportunity to network with the Commercial Banking interns, as well as gain an understanding of the role of the overall Capital Markets & Advisory business.
At the conclusion of the 10-week program, high-performing interns will be considered for a potential offer for direct employment into the Leveraged Finance team. Note that the Leveraged Finance team is in Boston, MA, and only candidates willing to relocate to Boston will be considered for a position within Leveraged Finance.
Job Responsibilities
The summer intern will support the team in new loan transaction underwriting and portfolio monitoring activities:
Qualifications
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.
About the company
Most innovative community bank in the US w/ @HeardOnHurd @Vault_405 @MidtownBank @RISE405 #cashmob inventor, Pres/CEO @JillCastilla, ❤️ #okc #edmond #MemberFDIC
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