Loan Operations

What Makes You a Great Fit

You are an undergraduate college-level student who is interested in gaining financial and operational experience in a Community Bank environment. You are willing to work onsite to learn from field experts and gain valuable exposure to bank operations and financial processes.

What we Offer

This is a paid internship. You will gain first-hand knowledge within your area of interest, which may include:

• Exposure to high-net-worth clients and prospects
• Development of communication and presentation skills within a professional work environment
• A thorough understanding of bank policies and external regulatory requirements.
• Participation in education events, networking and presentations.

Compensation

Base pay: $20.00/hour

Old Second is committed to fair and equitable pay practices. Pay is dependent upon the pay range and the incumbent's knowledge, skills and experience.

Benefits

Interns working a fifteen-week assignment (or less) will accrue two days of PTO and will receive holiday pay.

Minimum Qualifications

• Must have a high school diploma or equivalent and be in pursuit of an undergraduate college degree, as follows:
• Currently enrolled in college; or
• Enrolled in college for Fall 2026; or
• College graduate between May 2025 – June 2026
• Must have reliable transportation and be able to work onsite. Onsite locations depend on the department. Common onsite locations include Downers Grove, Oakbrook, Aurora and Chicago-Wacker.
• Must be available to work 20-40 hours per week and be available to start late May/early June through the end of July/early August.
• Internship durations vary between 8 – 12 weeks.

Competencies

• Proficient in using Window 2010 Office software with intermediate skills in Word, Excel and PowerPoint.
• High degree of accuracy and attention to detail.
• Ability to work in a fast-paced environment; prioritizing work and multi-tasking.
• Desire to work in a professional environment.

Competencies

• Proficient in using Window 2010 Office software with intermediate skills in Word, Excel and PowerPoint.
• High degree of accuracy and attention to detail.
• Ability to work in a fast-paced environment; prioritizing work and multi-tasking.
• Desire to work in a professional environment.

Loan Operations Internship

The Loan Operations department is responsible for the oversight of loan documentation, records, and updates of consumer and commercial loans within the Bank. The department is responsible for boarding each loan into the loan system, ensuring all data points are effectively captured, and reviewing information for accuracy while correcting any inconsistencies. Team members service each loan to maintain financial integrity and ensure all records are updated and meet bank guidelines and regulatory standards; manage collateral and establish controls to mitigate risk and apply consistent standards to all loans. The department manages the upkeep and release of records through the various stages of the loan from inception through maturity.

• Process maintenance functions within Jack Henry
• Process payments, maintenance, and payoff funds
• Insurance tracking/ contact insurance companies for updated insurance
• Research tax status on collateral property
• Send notification letters to customers
• Request documents loan officers, or third-party vendors for outstanding items
• Upload loan documentation to Onbase
• Assist with document management of loan and collateral files within file room
• Assist with document collection for loan support projects and audits
• Other duties may be assigned