CIT Group Inc.

Construction Loan Disbursement Specialist (CRE/C&I) - Remote

Location US-AZ-Phoenix
Job ID
33779
# Positions
1
Job Family
Operations - Operations Analysis
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 Construction Loan Discbursement Specialist reviews credit applications and construction contracts within the Construction Loan Dispursement Department.

 

  • Reviews Credit App’l, Construction Contract and other supporting Documents to understand project scope.
  • Establish and maintains construction budget,  monitors on going construction progress, makes disbursements and processes  draws.
  • Takes actions on items that may effect the disbursement process such as change orders, liens , sufficiency of funds etc.
  • Reviews 3rd party information (draw requests, AIA forms, inspection reports and other due diligence items) and recommends advances
  • Administers funding in accordance with credit policy requirements

Qualifications

  • Previous Construction Loan Monitoring (CRE and C&I) experience required.
  • 3+ years experience in Real Estate Loan Closing
  • Strong  oral and written communication skills
  • College degree preferred

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