CIT Group Inc.

AVP, Business Management - Maritime

Location US-NY-New York
Job ID
33791
# Positions
1
Job Family
Originations Support - Sales Support
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

Responsible for the data management of Maritime Finance’s asset database, including tracking of vessel valuations, employment and portfolio exposure
• Assist RMs/PMs with closing/funding procedures, including completion of booking forms, OFAC screening and follow-up
• Liaise with RMs/PMs and insurance team to ensure placement of MII/MAPP coverage
• Responsible for submitting KYC renewal packages and assisting RMs/PMs with KYC packages at Originations
• Properly complete and process all invoices submitted to A/P for payment
• Assist RMs/PMs with Compliance related tasks and projects
• Assist with ad-hoc projects as needed administrative tasks include preparation/submission of expense reports for Group Head and RMs
• Assist with event planning and marketing initiatives
• Responsible for interacting with clients to schedule meetings, conference calls, etc for BU team members
• Liaise with clients and CIT external counsel to obtain KYC, insurance, funding info, etc, to relieve the burden on BU team members for the administrative aspects of deal closing.
• Ensure that credit files and internal alert system are current. Assist PMs in ensuring that credit files are current.
• Maintain an inventory of loan security documents (mortgages, share certificates, etc.) for loans in portfolio.
• Prepare periodic asset summary and treasury reporting
• Periodically order and maintain a summary of appraisals for vessels in portfolio

Qualifications

• Bachelors degree preferred in Business or similar
• 3+ years operations experience, wires and MT199s
• KYC experience (full cycle onboarding process and understanding of deal structures)
• Knowledge of Excel (beginner/intermediate level)
• Detailed oriented, organized and ability to multi-task
• Strong communication and interpersonal skills; team player.
• Self-motivated with high energy levels; ability to prioritize and multi-task effectively.

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