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

Start Date: May 2025

Duration: 10 weeks

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 OR the Commercial Banker Development Program (CBDP), a 1-year rotational training and development program and start to your career in Commercial Banking. 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 support Portfolio Managers (PM), Credit Analysts (CA), and Relationship Managers (RMs) in new or existing loan transaction underwriting, loan monitoring, and business development activities.
• Monitor for the receipt and accuracy of client reporting including financial statements, covenant compliance certificates, and collateral requirements. 
• Assist in 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. 
• Performs market analysis and assist in the development of commercial client prospect lists as needed. 
• 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.

Preferred 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

Pay Transparency

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.