Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $65 billion in assets. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billion of deposits and more than $40 billion of assets. It provides financing, leasing and advisory services principally to middle market companies across a wide variety of industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. 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.
VP of Sales role responsible for identifying, proposing and closing $1 million+ Franchisee and Franchisor opportunities withing the restaurant segment. Produncts being offered within this segment will include: Equipment Purchase, remodels/new store financing, acquisisition/partner buyouts, refinancing/recapitalization and working capital loans.
Principal Duties and Responsibilities include:
Sourcing of new loan/lease transactions withing the franchise industry, specifically the restuarant segment; Successful incumbents must demonstrate the ability to understand customers' needs vs CIT requirements; proposal generation, negotiations and closure; transaction and or documentation structuring;documentationnegotiation and closure.