CIT Group Inc.

  • Associate - Underwriter

    Location US-CA-Santa Monica
    Job ID
    # Positions
    Job Family
    Originations Support - Underwriting
  • Overview

    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


    Reporting to Managing Director – Underwriting for Energy, successful candidate will be responsible for:
    • Work closely with originators, underwriting team, compliance managers and legal counsel to execute and close new business transactions
    • Support the new business effort by assisting relationship managers with client related activities
    • Preparing, reviewing and analyzing the creditworthiness of prospective and existing clients for presentation and approval
    • Participate in internal meetings
    • Build financial valuation models to evaluate projected financial results
    • Evaluating financial statements, historical trends, projections, management experience, industry performance, cash flow available for debt service, capital structure and collateral analysis
    • Ability to monitor portfolio accounts, including tracking reporting requirements, testing financial covenants, and preparing quarterly and annual portfolio review memos
    • Reviewing loan documentation and participate in review calls with the borrower/client
    • Performing various departmental functions, including financial statement spreading, risk rating, and audit preparation
    • Perform special projects as defined by senior management


    • 1-2 years credit underwriting or portfolio experience.  Project Finance experience preferred but not required.
    • Bachelor’s degree in Finance, Engineering, Accounting, Economics, or related field required
    • Highly proficient in MS Excel (including financial modeling), Word, and PowerPoint
    • Confident and effective communicator (both verbal and written)
    • Ability to work both individually and within a team environment
    • Ability to meet deadlines, strong multi-tasking and organizational skills
    • Completion of a formal credit training program a plus


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