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Vice President, Real Estate Finance
CIT
Santa Monica, CA, United States
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Overview
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. For more information, visit cit.com.
Responsibilities
Responsibilities include:
• Construction Portfolio Management: Oversees construction portfolio, including management of the overall draws and disbursements process, providing periodic updates to senior management on construction projects status relative to underwriting projections, and monitoring construction progress.
• Asset Classifications: Ensures assigned portfolio is reviewed periodically and PD/LGD/Regulatory Ratings are appropriate and changes are timely when needed.
• Credit Actions: Provides sound analysis and recommendations on credit actions as they arise. Liaise with various parties to ensure approved credit actions are carried out timely and appropriately.
• Leadership: Provides mentoship and training to junior team members.
Qualifications
• Bachelor's degree in Finance or equivalent, MBA preferred.
• 10+ years work experience in the Commercial Real Estate managing a significant portfolio or entire portfolio, with significant experience in risk management, valuation, audits and credit management.
• 5+ years work experience in managing construction loans.
• Ability to manage multiple projects simultaneously and implement rapid changes in project direction.
• Excellent interpersonal, communication, and organizational skills required.
• Ability to condense highly technical subject matter into clear and effective communications to senior management.