CIT Group Inc.

AVP, Problem Loan Management

Location US-NY-New York
Job ID
# Positions
Job Family


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


Responsibilities include:

  • Supporting senior PLM Officers in analyzing and managing assigned portfolio to maximize loan recovery through extensive cash flow modeling, enterprise valuation, industry analysis, competitive assessment, etc.
  • Assisting with quarterly portfolio reviews through completion of PLM status reports and in the preparation of other regular reporting items as needed.
  • Supporting portfolio analysis with system development/data management.
  • Preparing monthly and quarterly analysis of the individual accounts for discussion during the Criticized Asset Working Group meetings.
  • Providing in depth financial analysis of historical financial statements and operating information, and identify important value determinants and risks, using knowledge of accepted accounting principle, model design, and financial analysis
  • Developing cash flow models taking into account historical performance, account industry and economic environment and various restructuring alternatives
  • Comfortable with DCF (discounted cash flow) models is critical, development of collateral and enterprise valuation models and analysis.
  • Completing PD (probability of default) and LGD (loss given default) models.
  • Ensuring accurate regulatory rating.
  • Performing industry/economic assessments, identifying economic trends, competitive analysis and business models.
  • Performing extensive analysis and due diligence to identify risks associated with modification of credit terms.
  • In conjunction with team leader, making recommendations regarding waivers, amendments and restructuring strategies.
  • Assisting in the identification of the distinctive competencies, competitive advantages, and competitive weaknesses of troubled credits.
  • Preparing presentations materials, discussion points and questions prior to meetings.
  • Assisting in the preparation of credit approval request memorandum which support the valuation of companies and the economics of proposed transactions and identify major risks and mitigants.
  • Assisting with negotiations of restructuring proposals and legal documentation


Minimum Required Skills & Experience:

  • 2+ years of experience in leveraged lending/commercial banking
  • BA/BS with a concentration in finance or accounting preferred
  • Ability to build detailed financial models, perform valuation analysis, evaluate credit profiles and capital structures
  • Perform industry analysis and understand its impact on the credit
  • Begin to have a basic understanding of bankruptcy concepts
  • Strong knowledge of secured lending, capital structures and inter-creditor issues
  • Knowledge of Credit Agreements and other legal documentation
  • Desire and commitment to learn new techniques to create solutions and the intellectual curiosity and flexibility to question assumptions
  • Work on Special Projects
  • Candidate should demonstrate excellent verbal and written communication skills.
  • PC skills such as (Microsoft Word, Excel, and Power Point) are required.


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