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.
Commercial Services Analyst Program
The Commercial Services Analyst rotational 12-15 month program is designed for an analyst to learn about our business and the various functions including; how to research, analyze and evaluate customer credit, how to conduct field audits, managing client loan portfolios, underwrite and generate new business development.
At the end of the program, the analyst is placed in one of several departments for their first assignment with the business group.
Prepare written and analytical reports
Review cash flows of current and potential clients
Perform field audits and visiting clients on location
Manage client accounts and offer financial solutions
Problem solve client issues to resolution
Support the underwriting process for new and existing clients
Review spreads and analyze income statements
Work with senior management on business specific projects
Interact with all levels of management and clients
Prioritize workloads/deadlines to meet clients’ needs
Typical first full-time assignments include, but are not limited to: account management, new business development, underwriting, customer credit analysis, and the field examination department.
Requirements are BS/BA degree (Business, Economics, Accounting or Finance)
Ability to understand and analyze financial statements
Strong communication and writing skills
Strong interpersonal skills
Internship experience in a financial position preferred
Advanced PC skills required
Be able to work independently and as part of team