AVP - Sponsor FinanceCIT GROUP INC. - Chicago, IL
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $65 billion in assets. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billion of deposits and more than $40 billion of assets. It provides financing, leasing and advisory services principally to middle market companies across a wide variety of industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A.
An AVP position in CIT Sponsor Finance provides the opportunity to work within a team construct to assist in the credit underwriting and portfolio management of diverse debt solutions for middle-market companies supported by private equity ownership. Specifically: (i) LBO Financing, (ii) Acquisition Financing, (iii) Debt Refinancing, and (iv) Recapitalizations. Responsibilities include: (i) working with potential borrowers, private equity teams, other Lenders, and other members of the CIT underwriting team to execute approval and closing of new business opportunities, (ii) analyzing detailed business and financial information of prospects and portfolio accounts, (iii) producing and presenting transaction approval documents, (iv) building detailed financial/cash flow projection models, (v) performing valuation analyses, (vi) conducting independent industry research studies, and (vii) managing accounts post close.
Bachelor's degree with courses relevant to business and financial analysis. -2-4 years of relevant experience, the completion of a formal credit training program is desired but not required-demonstrated analytical and quantitative skills,-excellent oral and written communications skills,-organizational and time management skills necessary to handle multiple tasks simultaneously,-knowledge of Microsoft Office applications,-attention to detail,-ability to function independently and within team construct, and-strong work ethic
40 days 21 hours ago
applyAVP - Sponsor Finance CIT GROUP INC. - Chicago, IL, United States
CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products; and a suite of savings options in the United States. The company operates in five segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance, and Consumer. The Corporate Finance segment offers lending, leasing, and other financial and advisory services to small and middle-market companies in various industries, such as commercial and industrial, communications, media and entertainment, healthcare, and energy. The Transportation Finance segment provides aircraft and railcar, leasing and financing solutions to operators and suppliers in the aviation and railcar industries. This segment also offers lending and other financial products and services to companies in the transportation sector, such as business aircraft, maritime, and aerospace and defense industries. The Trade Finance segment provides a range of domestic and international customized credit protection, lending, and outsourcing services that include working capital and term loans, factoring, receivables management products, bulk purchases of accounts receivable, import and export financing, and letter of credit programs to retail supply chain companies. The Vendor Finance segment partners with manufacturers, distributors, dealers, and product resellers to deliver financing and leasing solutions to end-user customers for the acquisition of equipment. The Consumer segment offers government-guaranteed student loan portfolios, which are in run-off. The company also provides account receivables collection, acquisition and expansion financing, asset management and servicing, credit protection, financial risk management, import and export financing, insurance, letters of credit, and mergers and acquisition advisory services, as well as debt restructuring, underwriting, and syndication services. CIT Group Inc. was founded in 1908 and is headquartered in Livingston, New Jersey.
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