CIT Group Inc.

Associate, Underwriting - Project Finance

Location US-NY-New York
Job ID
32106
# Positions
1
Job Family
Originations Support - Underwriting
Type
Full-Time

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.com/about.

Responsibilities

The Energy Finance Underwriting Associate will:

 

• Support new business efforts by assisting relationship managers with client related marketing activities
• Participate in the internal credit approval process with the preparation and presentation of credit approval materials
• As a member of the deal underwriting team, support the loan closing and deal execution process
• Assist with the due diligence process to review loan documentation and consultant’s reports and participate in related discussions with the borrower/client
• Build pro-forma cash flow models to evaluate projected financial results
• Evaluating financial statements, historical trends, projections, management experience, industry performance, capital structure and collateral analysis
• Work with capital markets to facilitate distribution of broadly syndicated project finance transactions
• Monitor portfolio accounts, including tracking reporting requirements, testing financial covenants, and preparing quarterly and annual portfolio review memos
• Performing various departmental functions, including financial statement spreading, risk rating, and audit preparation
• Perform special projects as requested by senior management

Qualifications

• 2+ years credit underwriting or portfolio experience in Project Finance
• Bachelor’s degree in Finance, Engineering, Accounting, Economics, or related field highly preferred
• 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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