Intern Intern …

TCF Financial Corporation
in Chicago, IL, United States
Permanent, Full time
Last application, 20 Feb 20
Competitive
TCF Financial Corporation
in Chicago, IL, United States
Permanent, Full time
Last application, 20 Feb 20
Competitive
Intern
Commercial Real Estate Intern- Chicago,IL-Burr Ridge,IL TCF Internship Program The TCF summer internship program is a 13-week program (Mid-May through Mid-August) that provides the opportunity to gain exposure and real-world experience in the financial services industry, attend interactive business overviews and social events with intern peers and business managers, and become a candidate for future entry-level TCF job opportunities.    The Commercial Real Estate (CRE) team is responsible for generating new commercial real estate credit and depository business for TCF Bank, in addition to maintaining and managing the existing portfolio book of business of the banks commercial real estate customers.   The team specifically manages all commercial real estate needs for clients and/or prospective clients including credit, depository and treasury management needs.   Specific credit requests include construction, mini-perm, term debt, bridge loans, and secured lines of credit for investment income producing commercial real estate.  Asset classes that secure those credit requests include multi-family housing, office, retail, industrial, and lodging. Specific responsibilities may include:
  • Assisting underwriters, portfolio managers, and relationship managers with loan approval documents and initial underwriting documentation (i.e. contribute to the creation of deal screen memos, credit approval presentations, amendment/modification documents, cash flow analysis spreadsheets, return model analysis, and relationship strategy memos)
  • Prepare several internal documents consisting of Data Covenant Forms, Risk Rating Changes, Waivers, etc.
  • With guidance from the Manager or Sr. Underwriter, prepare annual reviews of existing relationships explaining business background, credit risk accuracy, while conforming to bank policy and procedures.
  • Analyze financial statements and projections on excel and spreadsheet software and develop the ability to produce independent, supported projections of customer performance.
  • Clear exceptions and calculate covenant checks through reviewing internal reports and loan documents.
  • Prepare several internal documents consisting of Data Covenant Forms, Risk Rating Changes, Waivers, etc.
  • Special projects on an as needed basis.
What youll gain:  
  • An understanding of how a Commercial Real Estate team is organized and functions
  • Experience developing commercial real estate client presentations and reviews
  • Mentors to help navigate the organization and provide guidance on your future career
  • Various networking and social opportunities to increase knowledge of the banking industry and build relationships within TCF
  • Understanding of credit structuring specific to investment commercial real estate
  What were looking for:  
  • Finance,Business,Accounting,Economics and Mathematics majors with a GPA of 3.3 or higher
  • Experience with Microsoft Office and Excel suite
  • Experience with cash flow analysis excel spreadsheet
  • Strong verbal and written communication skills
  • Strong integrity and sensitivity in dealing with highly confidential information
  • Ability to prioritize and manage challenging deadlines
Job Location (City, State):  Chicago,IL or Burr Ridge,IL Job Category:  Commercial Real Estate  Position Type:  Internship Paid/Unpaid?  Paid Minimum GPA:  3.3 Class Standing:  Sophomore,Junior, Senior


Primary Location: USA-Illinois-Chicago-Us-Il-Chicago- 71 S Wacker Dr
Work Locations:
Organization: TCF Financial Corporation
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