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.
An AVP position in CIT Sponsor Finance provides the opportunity to work within a team construct to assist in the credit underwriting and portfolio management of diverse debt solutions for middle-market companies supported by private equity ownership. Specifically: (i) LBO Financing, (ii) Acquisition Financing, (iii) Debt Refinancing, and (iv) Recapitalizations. Responsibilities include: (i) working with potential borrowers, private equity teams, other Lenders, and other members of the CIT underwriting team to execute approval and closing of new business opportunities, (ii) analyzing detailed business and financial information of prospects and portfolio accounts, (iii) producing and presenting transaction approval documents, (iv) building detailed financial/cash flow projection models, (v) performing valuation analyses, (vi) conducting independent industry research studies, and (vii) managing accounts post close.
Bachelor's degree with courses relevant to business and financial analysis.
-5-7+ years of relevant experience, the completion of a formal credit training program is desired but not required
-demonstrated analytical and quantitative skills,
-excellent oral and written communications skills,
-organizational and time management skills necessary to handle multiple tasks simultaneously,
-knowledge of Microsoft Office applications,
-attention to detail,
-ability to function independently and within team construct, and
-strong work ethic