Intern Commercial Loan Servicing Summer 2027
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What you'll do
- Completing a preliminary review of loan submissions to ensure regulatory and legal compliance
- Preparing loan documents in accordance with Commerce Bank’s credit policy
- Interpreting complex loan documents to set up loans on the loan accounting system
- Posting loan transactions and providing loan accounting problem resolution
- Interpreting loan documents to file collateral perfections and/or releases with the appropriate agencies
- Providing ongoing monitoring and reporting for collateral-securing commercial loans
- Completing a post-closing review to ensure all documentation is in compliance, protecting the Bank from unnecessary risk
- Working closely with customer-facing commercial loan staff to assist in meeting the customer’s needs
- Perform other duties as assigned
What they're looking for
- Must be eligible to work in the U.S. without sponsorship.
- Ability to analyze, interpret, and understand loan and/or attorney-prepared documents with a high degree of accuracy
- Capacity to work in a fast-paced, deadline-driven environment
- Exceptional customer service skills
- Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
- Inquisitive, agile, strong team player with excellent written, verbal and interpersonal communication skills
- Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
- Intermediate level proficiency with Microsoft Word, Excel and Outlook
- High school diploma or equivalent plus 1 year of work history
Nice to have
- Knowledge of commercial loan or attorney-prepared documentation
- Knowledge of Federal Banking regulations and procedures
- Accounting or banking experience
- 4-year degree or equivalent work experience
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
About Working at Commerce
Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.
Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.
Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk.
Compensation Range
Hourly: $20.00 - $20.00 (Amount based on relevant experience, skills, and competencies.)About This Job
Commercial Loan Servicing (CLS) provides back-office operations support for commercial, business banking, and various specialty lending products. We work directly with the Sales and Credit teams to remove roadblocks and complete operational tasks that allow Commerce to meet the customer’s commercial lending needs. Operational tasks performed by CLS can include loan document preparation, loan accounting, collateral monitoring and perfection, and legal and regulatory review.
CLS provides an excellent base for understanding commercial lending. Former members of CLS have been able to take their foundational learning and turn it into careers throughout the bank in many different areas, including CLS Management, Commercial and Small Business Sales, Credit, Portfolio Administration, Strategic Management, Specialty Lending, and Systems Administration.
The summer internship session will begin on Tuesday, May 18, 2027, and will run for 11 weeks, ending on Friday, July 30, 2027. Internships are paid, full-time opportunities with a Monday through Friday work schedule.
*Must be eligible to work in the U.S. without sponsorship.
Essential Functions
CLS Representative activities could include, but are not limited to:
Completing a preliminary review of loan submissions to ensure regulatory and legal compliance
Preparing loan documents in accordance with Commerce Bank’s credit policy
Interpreting complex loan documents to set up loans on the loan accounting system
Posting loan transactions and providing loan accounting problem resolution
Interpreting loan documents to file collateral perfections and/or releases with the appropriate agencies
Providing ongoing monitoring and reporting for collateral-securing commercial loans
Completing a post-closing review to ensure all documentation is in compliance, protecting the Bank from unnecessary risk
Working closely with customer-facing commercial loan staff to assist in meeting the customer’s needs
Perform other duties as assigned
Work Schedule
Monday-Friday, 8:00 am-5:00 pm
On-site through internship. If hired full-time, you are eligible for a hybrid work schedule after successfully completing training.
Knowledge, Skills & Abilities Required
Ability to analyze, interpret, and understand loan and/or attorney-prepared documents with a high degree of accuracy
Capacity to work in a fast-paced, deadline-driven environment
Exceptional customer service skills
Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
Inquisitive, agile, strong team player with excellent written, verbal and interpersonal communication skills
Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
Intermediate level proficiency with Microsoft Word, Excel and Outlook
Education & Experience
Preferred Skills and Experience:
Knowledge of commercial loan or attorney-prepared documentation
Knowledge of Federal Banking regulations and procedures
Accounting or banking experience Education:
Required: High school diploma or equivalent plus 1 year of work history
Preferred: 4-year degree or equivalent work experience
***For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles. This compensation range is for the Intern job. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. A reasonable estimate of the current base pay is $20.00 per hour.
#LI-BC1
Must be eligible to work in the US without sponsorship now or in the future.
The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits. Click here to learn more.
Location: 811 MAIN, KANSAS CITY, Missouri 64106Time Type:
Part timeCompany
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