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.
The successful candidate will manage a select customer portfolio (typically 20-24 customer names), that consists of highly visible and/or marginal customer accounts. Advanced skills are necessary to obtain, analyze and accurately interpret all levels of financial information, including liquidity and bank covenant analysis, towards recommending an appropriate credit limit and/or business strategy.
The credit officer must be able to
• Undergrduate degree preferred.
• A minimum of two (2) years credit department factoring experience.
• Previous experience in writing credit reports or credit clearances.
• Strong knowledge of business being supported.
•Communicate effectively in a variety of presentation settings; face to face and in small groups; subordinates; and when appropriate, senior management.
•Motivate and bring out the best in people.
•Negotiate with customers and clients to achieve aforementioned goals, client service and protection of CIT’s assets.
•Operate under pressure without sacrificing quality, accuracy, or the needs of others.