Job Objectives: This internship position is accountable for:
– Developing a basic understanding of credit and financial services provided by Farm Credit East
– Providing technical assistance to credit representatives and financial service representatives in the delivery of sound credit and financial services to customers
– Providing back-up support for other positions within the association
– Completing an individual project that will assist the association with its operations
Interns should have a current knowledge of farm livestock and commodity prices, markets, farm methods and machinery, farm supply and labor prices, and soil management practices. Courses in agri-economics with basic accounting credits are beneficial.
Farm Credit East interns learn how to make and service loans and deliver quality financial services to farm, forestry and timber businesses, agribusinesses, and other rural residents. Responsibilities include: compiling and inputting data for financial analysis, trend analysis, preparing loan-servicing documents such as narratives or applications, assisting with relationship management, collecting sales register and appraisal data, such as soil maps, tax maps or building plats; searching courthouse records for personal property liens and judgments; and, assisting with updating collateral values. Interns will work with financial service representatives to gain a complete understanding of the comprehensive range of financial services offered to our customers.
Interns will assist branch office managers, loan officers and financial service representatives with a variety of projects and assignments in order to gain an appreciation for a typical Farm Credit employee’s workday.
Principle Accountabilities: Under full supervision, interns are accountable for:
· Lending: Learning the principles of credit analysis, servicing and delivery. They will study a wide range of issues from a farmer’s financial condition and management ability to the industry’s economic trends.
· Relationship Management: Learning the principles of effective relationship management.
· Financial services: Learning the skills necessary to deliver our financial services to customers. Services include: records, tax preparation, credit life insurance, crop insurance and appraisals. Interns also arrange farm business consultant appointments and will help monitor farmers’ financial record-keeping reports.
· Appraisals: Learning the components of accurate appraisals.
· Marketing: Learning the principles of how to increase business through promotional activities and outstanding customer service. They will have the opportunity to participate in marketing activities as appropriate and available.
· Member relations: Contributing to a branch office’s participation in farm and community organizations. All interns learn how to deliver outstanding customer service through prompt service, high quality service and knowledge of agriculture.
Students should also apply via Farm Credit East’s website: https://www.farmcrediteast.com/about-us/Careers