About the role#
This internship provides an opportunity to learn the daily functions of a community bank. You will work with the Agriculture Department to develop and manage an agriculture loan portfolio. The role focuses on the credit analysis process, loan documentation, and portfolio management. You will also gain exposure to interviews, investigation, and collection tasks.
What you'll do#
- Assist with the agricultural credit analysis process and perform data entry.
- Help the loan operations team deliver loan documents and maintain files.
- Prepare portfolio management reports, including annual reviews, cash flow statements, and inspection reports.
- Conduct collateral inspections and assist with loan collections or liquidation activities.
- Monitor commodity markets and track the values of land, machinery, crops, and livestock.
- Complete a project assigned by bank management.
- Assist in other bank departments as needed.
- Comply with Bank Secrecy Act, OFAC, and CIP policies while completing annual compliance training.
What you'll need#
- Current enrollment in a college program majoring in Agricultural Business, Agricultural Studies, Business Administration, Finance, Accounting, or a related field.
- Ability to uphold company behavior standards.
- Reliable punctuality and consistent attendance.
Location & details#
- Location: Independence, Iowa.
- Term: Summer 2027 (May through August).
- Work Modality: On-site.
- Employment Type: Full-time, paid internship.
About BankIowa
BankIowa is a privately held, independent community bank founded in 1921. It operates across several locations in Iowa, including Cedar Rapids, Waterloo, and Cedar Falls. The institution employs approximately 97 people and provides a range of financial products and services to its customers. It maintains a focus on local ownership and community banking.
How to get in at BankIowa
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