Internship Program Duration: June 3rd – August 9th, 2024
The Intern Analyst will work directly with the deal team in analyzing, underwriting and monitoring all credit facilities within their portfolio. As an Intern Analyst, the individual will learn the basics of deal making and loan structures while being exposed to other departments within the Bank. The Intern Analyst is an excellent first position in banking that paves the way to numerous other opportunities within First Horizon including sales, credit, relationship management, loan review or other similar positions. Work with Deal Teams in completing at least 50% of the credit analysis. The credit analysis is Commercial Banking's primary document for analyzing and underwriting all new and outstanding loans. The intern analyst performs a comprehensive analysis on the borrower's ability to repay focusing on the company and owner's background, recent and historical financial performance, guarantor's (if applicable) financial condition, collateral performance, risk rating, risk-adjusted return on capital, and several other factors related to First Horizon's underwriting policies and guidelines.
Our 10-week internship offers a comprehensive and immersive experience for students interested in gaining practical knowledge and skills in the banking industry. Each week, you will be exposed to different leaders and aspects of the line of business. You will have the opportunity to complete tasks that will help you understand the day-to-day operations of a bank and develop a well-rounded skillset. Additionally, you will have the chance to receive guidance from experienced professionals in the field, participate in meetings, and network with other interns and associates. By the end of the 10 weeks, you will have gained valuable insights, built a solid foundation in banking practices, and potentially set the stage for future career opportunities at First Horizon.
Work schedule and number of hours worked weekly (minimum: 15- 25 Hours) are flexible, within normal business hours.
Duties and Responsibilities:
- Work directly with Deal teams and Clients to address needs efficiently and accurately
- Spread financial statements
- Provide analysis in assessing and evaluating current and new business opportunities
- Interact with clients and LOB leaders through email, phone conversations, field exams, bank group meetings, etc.
- Engage in credit analysis case studies and evaluate decision making criteria
- Create standardized credit reporting documents and workpapers
- Identify emerging industry trends and proactively monitor the risk in the current book of business
- Attend credit meetings and learn to properly present modifications and new to bank opportunities to internal credit partners for final approval
Knowledge and Skills:
- Critical thinker possessing superior analytical abilities with the ability to reach logical conclusions based on the available information
- Microsoft Office: Strong excel and presentation building skills
- Ability to manage multiple projects, while maintaining high attention to detail
- Self-starter attitude
- Flexibility and proven ability to diagnose and resolve issues
- Intellectually curious, ability to think freely, assertive
- Hardworking, smart, creative, analytical, driven, exceptionally organized
- Effective communication skills and results driven
- Ability to work and excel in a team environment
Education:
- Enrolled in Accounting, Finance, or Banking undergraduate program
- Minimum of Junior standing in undergraduate program (Senior preferred)
- Graduate level program candidate preferred
About Us
First Horizon Corp. (NYSE: FHN), with $82.6 billion in assets as of September 30, 2024, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
Corporate Diversity Commitment:
We remain committed to creating a more equitable society, and that starts with our associates, our clients, and the communities we serve. We do this by elevating equity, providing capital and counsel, and committing to excellence in everything we do.
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