CIT Group Inc.

  • Analyst, Junior Underwriter

    Location US-NH-Portsmouth
    Job ID
    # Positions
    Job Family
    Credit - Credit Administration
  • 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


    As a Junior Underwriter for the Operations team you are responsible for assisting the team in reviewing and analyzing client credit data to determine creditworthiness. Credit applications will be reviewed for approval or decline or written up for a senior member of the credit department for review.

    • Evaluating risk factors relative to the magnitude/probability of business risk, and adjudicate credit within established credit authority level
    • Completing credit write-ups; documenting recommendations for transactions requiring final approval by credit committee
    • Exercising credit authority within defined parameters
    • Reviewing and approving equipment to be financed or leased, completing vendor diligence and reviewing processes to ensure transaction is legitimate and meets the company’s policies
    • Develop and recommend appropriate credit structures relative to your risk assessment
    • Negotiate terms and conditions for transactions and work with cross-functional teams to ensure appropriate documentation
    • Active involvement in pre-deal review process to assist sales team with transaction structuring


    • Bachelor’s degree in Business, Finance, Economics or other related field is strongly preferred
    • A minimum of 1 year of work experience in a credit role in the finance or banking industry
    • Familiarity with various credit reports such as Experian, Equifax, D&B, and Paynet
    • Exceptional analytical and financial analysis skills and the capacity to quickly learn and apply credit assessment policies and procedures
    • The ability to make effective, timely and sound recommendations and decisions on credit requests
    • Excellent verbal and written communication skills are a must
    • The ability to develop good working relationships with sales/marketing personnel and clients
    • Maintaining excellent client service and interaction is also required


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