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Commercial and Private Banking Summer Intern Program Detroit MI

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Commercial & Private Banking Summer Internship Program Location - Detroit, MI Summer 2020 Comerica Bank is in business to help people be successful. We are committed to delivering the highest quality financial services by providing outstanding value, building enduring customer relationships and demonstrating leadership in our communities. Our promise to both our customers and our colleagues is to raise their expectations of what a bank can be. Comerica provides college interns the opportunity to experience first-hand the relationship banking environment that has defined Comerica's strong ties to clients, colleagues and communities for over 165 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 Introduction to Underwriting (~1 week) * Observe the process for spreading financial statements and underwriting loans 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 lending division * Meet with leaders within the Credit organization * Meet with product partners assigned to the team to learn about Treasury Management, Commercial Card, Merchant Services and Global Capital Markets solutions * Participate in training opportunities offered by Comerica Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
Associated topics: banking service, banking solution, client, collection analyst, commercial loan, counselor, mortgage, mortgage loan originator, representative, sell
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