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.
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.