CIT Group Inc.

  • Vice President, Community Lending

    Location US-CA-Pasadena
    Job ID
    # Positions
    Job Family
    Originations - Business Development
  • Overview

    CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at


    CIT Bank N.A. is expanding its debt and equity products to help promote community and economic development projects in communities served by our bank network. As one of the largest Financial Institutions headquartered in California, CIT Bank, N.A. provides both debt and equity products to a wide range of community development activities including affordable housing, community facilities, small business development and Community Development Financial Institutions. The Vice President (VP) of Community Lending will be a key leader in the Bank’s achievement of its $7.5 billion community benefits plan related to Lending and Investing and will help grow and manage a portfolio of affordable housing debt products. This position will be responsible for business development, underwriting and assist with portfolio management of the affordable housing portfolio.



    • In coordination with the Director of Community Lending & Investing, the VP will assess the lending and investments in our assessment areas to ensure excellent responsiveness to community development and credit needs
    • Experience in underwriting affordable housing loans (construction and perm) is required including prior underwriting of projects utilizing Low Income Housing Tax Credits and Subsidies (Section 8, VASH, etc.).
    • Experience in the closing of lending and investing opportunities by working with loan administration staff in the coordination of closing and funding which will include working with internal/external attorneys, escrow/title officers and third party consultants.
    • Experience with the construction draw process as it relates to keeping balanced budgets and understanding of change orders. This position will help coordinate draws in coordination with the Construction Administrator.
    • Ability to support CIT’s credit culture which requires extensive due diligence ranging from analysis of financial performance, historical portfolio performance to risk identification and mitigation strategies
    • Experience with the monitoring/asset management of lending and investing portfolio including assisting with timely receipt of reporting and monthly, quarterly and annual internal monitoring reports



    • Must have strong verbal, written and interpersonal communication skills and be comfortable making presentations at conferences and other external meetings, serve on community boards and professional organizations which enhance the profile
    • Extensive knowledge and understanding of current market conditions in terms of pricing, terms, conditions and covenants as well as legal structure and documentation
    • Must be able to quickly build successful relationships with co-workers, executives, and third party partners alike, specifically with affordable housing syndicators and developers (for-profit and not-for-profit groups)
    • Must be able to interface with senior Bank credit officers, lawyers, co-lenders, and other internal and external parties in sourcing, structuring and approving deals
    • Enjoy working in relationship management teams with a proven understanding of the importance of balancing business development, asset quality and community development needs
    • Advanced Microsoft office (Word, Excel, an Outlook skills)
    • Ability to make timely and independent judgement decisions while working in a fast-paced, results-oriented environment while exercising sound judgement with attention to detail and accuracy skills



    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed