2024 Summer Commercial Banking Internship Detroit

Commercial Banking Summer Internship Program, (Intern) Location – Greater Detroit Metropolitan Area (Hybrid... Start – June 2024 Summary: The Commercial Banking Internship is tailored to students interested in business banking. Whether you desire to become future relationship managers, portfolio managers, or an underwriter this will be a great opportunity. This comprehensive 8-week internship program will provide students the opportunity to experience first-hand the relationship banking environment that has defined Comerica's strong ties to clients, colleagues, and communities for over 170 years. Position Responsibilities: Portfolio Management Support • Collect and monitor financial information. • Work with Portfolio Manager and Relationship Managers on client support. Sales Support • Industry research. • Preparation of marketing materials. • Prospect identification. Project: Prospect Identification and Marketing Plan Development • Work with the team to understand the target customer profile. • Leverage resources such as LinkedIn, publications, etc. to identify prospects. • Use industry research to develop value proposition and marketing plan with the Relationship Manager. • Create an introductory presentation for the prospect meetings. Commercial Underwriting • Observe the process for spreading financial statements and underwriting loans. • Complete a special project to refine key Commercial Underwriting resources. Interns will also have opportunities to: • Have an experienced Relationship Manager as a mentor • Observe how new business is generated through referrals, prospecting, and networking • Network with executives within the Commercial Bank division • Meet with leaders within the Credit organization • Meet with product partners to learn about Treasury Management, Global Capital Markets, and International Trade Finance solutions • Participate in training opportunities offered by Comerica Position Qualifications: • Rising College Senior Status; Must be within 12 months of graduation (Grad year 2025) • Accounting, Finance, Business major preferred • Overall GPA of 3.0 or above • Two Accounting courses completed with 3.0 average • Six months experience Microsoft Office products, Word, and Excel • The ability to work independently as well as in a team environment • Excellent communication and interpersonal skills • Previous customer service and sales experience preferred Comerica Bank Center (CBC)Monday - Friday; 8 am - 5 pm