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.
Successful candidate will supervise a team of five to seven credit officers. Routinely make credit decisions based on risk reward profile of customers and clients. Ensure credit officers obtain financial information necessary to make informed credit decisions as well as preparing and reviewing credit committees on accounts. Additionally, monitor the aging of approved receivables ensuring their collectibility. Conduct performance-based appraisals of credit officers. Facilitate training, development, and career planning for direct reports. Work very closely with team members to solve customer/client problems. Offer suggestions for process and production improvement to management. Manage and collaborate on projects in a lead or expert capacity.
DUTIES AND RESPONSIBILITIES:
-Maintain current files on each direct report. Files may include, but are not limited to: employee development plans, corrective action documentation, and time-off accruals.
-Management of projects in a lead expert or project lead capacity.
-Obtain and analyze financial information and documentation to establish the credit worthiness of each customer account.
-Prepare and present a detailed and cohesive financial analysis for the Customer Credit Committee.
-Identify and refer problem customers to senior management.
-Assist the collection department by reviewing and ensuring maximum collectability of problem accounts.
-Establish direction, set challenging objectives holding direct reports accountable.
-Facilitate career planning and provide educational guidance for direct reports.
-Coordinate closely with client service teams to ensure quality client service, retention, and operational efficiencies that meet or exceed CIT standards.
-Identify and refer customers to our new business department who have the characteristics of a prospective client.
-Maximize efficiencies and productivity by responding to client’s inquiries/requests in a timely fashion, inputting lines of credit where appropriate while meeting or exceeding credit department standards and risk rewards philosophies
-Follow the Corporate rules of Compliance as set forth by the Corporate Compliance Department.
• Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes.
• Excellent written and oral communication skills.
• Strong math aptitude, organizational and analytical skills
• Computer literate; fluency in Microsoft Office programs, Excel analysis required
• Ability to establish and maintain effective work relationships both internally and externally.
• Strong problem-solving and follow-up skills with the ability to make decisions.
• Bachelor’s Degree in Accounting, Finance, Economics, or related field.
• Three years of credit of underwriting experience is desired
• Two or more years banking and/or factoring experience is a plus.