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Assistant Vice President , Credit Officer
CIT
Jacksonville, FL, 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
• Provide credit analysis/underwriting for new lease transactions and ensure it is conducted efficiently and timely within existing policies
• Handle a variety of transactions, some of which require complex and unique structures
• Assist sales representatives with prescreening and structuring transactions for prospective lessees
• Hold due diligence meetings / conference calls with customer CFOs or other financial management as required
• Assist in the negotiation of lease and third-party assignment documentation
• Decision making within credit limit authority and making recommendations on credit requests above existing authority
Qualifications
Years/type experience:
• Minimum 7+ years experience in credit underwriting with a bank or commercial finance company.
• Experience in credit underwriting of Industrial & Technology assets is preferred
• Ability to analyze financial statements and other pertinent credit information and make credit decisions or recommendations
• Strong writing and verbal skills required
• Ability to work independently in a fast paced environment with multiple talks and deadlines
Technical and non-technical skills/education required:
• BS degree required, preferably with a major in Finance or Accounting. Masters Degree preferred
• Technical skills in financial statement analysis, risk analysis and legal contract requirements.
• Strong communication skills and ability to interface with executive management, customers, attorneys and peers