CIT Group Inc.

  • VP - Underwriting CRE Finance

    Location US-CA-Santa Monica
    Job ID
    30794
    # Positions
    1
    Job Family
    Originations Support - Underwriting
    Type
    Full-Time
  • 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 cit.com.

    Responsibilities

    CIT Real Estate Finance is currently seeking an VP - Underwriting who will:

    – Underwrite commercial real estate loans including bridge, construction and terms loans for multi-family, office, retail, industrial, and hotel properties.
    – Draft term sheets and interact with brokers and other market participants to assist in originating new business
    – Complete credit approval memos and submission for approval.
    – Manage transaction closing process including review of property due diligence and legal documentation.
    – Assist in portfolio management of loans post origination, including modifications, quarterly and annual reviews.

    Qualifications

    Bachelor’s degree required
    – Must possess knowledge of financial modeling and real estate valuation; should possess strong Argus and Excel modeling skills
    – Must possess strong written and verbal communication skills including the ability to present risks & mitigants of a transaction
    – Must be an experienced professional with 7+ years of experience in commercial real estate finance

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