CIT Group Inc.

VP, Portfolio Manager - Middle Market C&I Lending

Location US-TX-Dallas
Job ID
33673
# 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 VP, Underwriting will provide Underwriting and Portfolio Management services to the Middle Market Banking Division and focus on C&I Lending. 

 

  • Monitor/analyze existing clients
  • Promptly Risk Rate credits upon receipt of financials
  • Working with RMs, manage collection of financials and other monitoring documents
  • Test covenants and manage borrowing bases
  • Underwrite new money opportunities ensuring that policies are followed
  • Coordinate closing activities with loan closers
  • Work closely with RMs, Credit and legal to ensure timely client response while maintaining sound credit standards
  • Work with more junior team members to coach and mentor them

Qualifications

  • Minimum 5+ years’ experience in underwriting with a bank or commercial finance company
  • Ability to analyze financial statements and other pertinent credit information and make credit recommendations
  • Strong writing and verbal skills required
  • Experience with spreading financial statements
  • Ability to engage across functions and clearly communicate reasons why decisions were made
  • Ability to work independently in a fast paced environment with multiple talks and deadlines
  • BS degree required, preferably with a major in Finance or Accounting
  • Technical skills in financial statement analysis, risk analysis and legal contract requirements
  • Strong communication skills and ability to interface with executive management, customers, attorneys and peers

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