Intern Loan Servicing & Risk Assets

The role

The intern will monitor and service financially stressed and higher-risk accounts. They will work with the Risk Asset Unit to manage portfolio reports, client communications, and documentation.

What you will do

• Assists Credit Risk Officers with the monitoring and servicing of financially stressed and higher-risk accounts.
• Monitors past-due accounts and other assigned portfolio reports.
• Communicates with clients and lending partners and arranges repayment solutions.
• Investigates payment discrepancies and other account issues.
• Maintains accurate and complete Salesforce and accounting records.
• Onboards new accounts into the Risk Asset Unit and reviews documentation.
• Evaluates collateral values, discounts, net realizable value, and potential reserves.
• Supports financial reviews and lending and servicing decisions.
• Assists with accounts involved in litigation or bankruptcy.
• Handles account servicing needs such as collateral releases, payment corrections, and amendments.

Required qualifications

• Working toward completion of a bachelor’s degree, with at least two years completed, in agricultural economics, agricultural business, or an equivalent agriculture- or business-related degree.
• Solid organizational, communication, problem-solving, analytical, and influencing skills.
• Demonstrates effective teamwork and collaboration skills.
• Understanding of and ability to use various business and financial computer applications.
• Strong attention to detail and ability to maintain accurate documentation and manage multiple follow-up items.

Nice to have

• Knowledge of farm production methods and products and a general understanding of farm business management and finance

Benefits

• Business related transportation and expenses will be paid by the organization

Before you apply

• Intern must provide their own housing and transportation.
• Must be authorized to work for any employer in the United States.
• Compeer is unable to sponsor or take over sponsorship of an employment visa at this time.

About the company

Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin. They provide financial services to support agriculture and rural communities.