American Equity Intern - Commercial Mortgage Department in West Des Moines, Iowa

Requisition Number

18-0126

Post Date

10/10/2018

Title

Intern - Commercial Mortgage Department

City

West Des Moines

State

IA

Description

8 month Internship: May-December.

GENERAL PURPOSE OF THE JOB:

The primary role of an intern is to assist the American Equity Commercial Mortgage Department in both the production of new loan opportunities of American Equity’s loan portfolio and have involvement in special projects.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Provide ongoing support to production staff to underwrite and analyze potential loan opportunities.

• Provide ongoing support to servicing staff in the evaluation and preparation of loan servicing recommendations

• Populate rent roll and financial information into quarterly valuation (risk rating) templates

• Assist commercial mortgage team with special projects, which include, but are not limited to:

• Refinement of the loan maturity renewal process

• Enhancement of the Underwriting Template for new loans

• Creation of a quarterly newsletter format

SUPERVISORY RESPONSIBILITIES:

None required for this position.

EDUCATION AND/OR EXPERIENCE:

Actively pursuing a Bachelor’s degree (B.A.) in a field related to real estate, finance, accounting, or economics

LANGUAGE SKILLS:

• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.

• Ability to write reports, business correspondence, and procedure manuals.

• Ability to effectively present information and respond to questions from groups.

• Ability to respond to common inquiries or complaints from customers.

MATHEMATICAL SKILLS:

• Ability to apply advanced mathematical concepts.

• Ability to apply mathematical applications to tasks.

REASONING ABILITY:

• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.

• Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form.

CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:

None required for this position.

OTHER NECESSARY SKILLS AND ABILITIES:

• Ability to multi-task, work cooperatively and successfully with co-employees, customers, and other outside third parties.

• Ability to successfully handle pressure and meet deadlines in a fast-paced work environment.

• Proficient in Microsoft Office –Word, Excel and PowerPoint.

• Access data base skills.

• Ability to discover a situation and recommend a proper solution.

MENTAL DEMANDS:

• Position requires making sound, well researched and thoughtful business recommendations relating to American Equity’s commercial mortgage portfolio.

• Requires successful multitasking skills as there are many different projects on a daily basis.

• This person will interact with the Underwriters, Correspondents, Closing area, Workout area, Accounting, Vice President Commercial Mortgage and co-workers.

ADDITIONAL INFORMATION:

• Must demonstrate good written and verbal communication skills, analysis and weighing risk factors.

• Interpersonal skills: Engaging, well-rounded and able to start a task and effectively see it through to the end.

• All applicants must be available to work full-time in West Des Moines, Iowa from May– December 2019 or May – August 2019.