Specialist Specialist …

CIT Group
in Charlotte, NC, United States
Permanent, Full time
Be the first to apply
Competitive
CIT Group
in Charlotte, NC, United States
Permanent, Full time
Be the first to apply
Competitive
Specialist
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  • AVP, Committee Specialist Location US-NC-Charlotte Job ID 32088 # Positions 1 Job Family Credit - Credit Decision Type Full-Time
  • Overview

    Founded in 1908, CIT (NYSE: CIT) is a leading national bank empowering businesses and personal savers with the financial agility to navigate their goals. We believe in helping customers turn their ideas into outcomes. Whether those customers are building a business or building their savings, CIT has the experience and agility to empower them to achieve their goals. At CIT, how we do business is just as important as what we do. Our social responsibility programs focus on driving financial and personal empowerment, supporting the environment and advancing wellness. CIT contributes to communities where we live, work and do business through charitable donations, community investments and employee volunteerism.

    Responsibilities

    To manage a select customer portfolio (typically 50-60 customer accounts), that consists of highly visible pass rated customer accounts. Advanced financial/analytical skills are necessary to obtain, analyze and accurately interpret all levels of financial information, including liquidity and bank covenant analysis and financial projections, towards recommending an appropriate credit limit and/or business strategy. The credit officer must be able to prepare and present a detailed and cohesive financial analysis/underwriting in the proper format. The officer must understand our regulatory risk metrics system and its relationship to making sound and prudent credit decisions. The officer must recognize that decision making and reporting is time sensitive and he/she must prioritize the work assignment and customer portfolio efficiently to meet specific deadlines. Time management skills are essential.

    Additionally, the Officer must recognize that our focus is towards servicing clients while simultaneously safeguarding the assets of CIT and ensuring adherence to credit policies and procedures in decision making. The credit officer will be responsible for improving automation on their respective accounts.

    Essential Job Functions:

    • Obtain and analyze financial information and documentation to establish the credit worthiness of each assigned customer account.
    • Understand the importance of cash flow, operating performance/trends, and liquidity.
    • Be able to communicate effectively with bank relationship managers.
    • Understand a lender’s lending document and covenant restrictions as well as be able to analyze any covenant tests.
    • Effectively communicate with a company’s senior management focusing on obtaining financial information necessary to support a credit exposure and being able to formulate the appropriate questions and interpret responses.
    • Understand a customer’s financial plan and be able to track against actual performance.
    • Navigate public company’s financial statements.
    • Identify and refer problem customers to senior management.
    • Manage customer exposures appropriately based on their current financial position and proactively recommend the appropriate strategy; increase/decrease/maintain/exit.
    • Input individual client lines to promote automation.
    • Assist the collection department by reviewing and ensuring maximum collectability of all accounts.
    • Coordinate closely with client service teams to ensure quality client service, retention, and operational efficiencies that meet or exceed CIT standards.
    • Identify and refer customers to our new business department who have the characteristics of a prospective client.
    • Maximize efficiencies and productivity by responding to client’s inquiries/requests in a timely fashion, inputting lines of credit where appropriate while meeting or exceeding credit department standards and risk rewards philosophies.
    Qualifications
    • A minimum of three years of credit department factoring experience or in a related field/function.
    • Previous experience in credit underwriting or strong underwriting skills in a related field.
    • Strong knowledge of the industries being supported.
    • Ability to communicate effectively in a variety of presentation settings; face-to-face customer/client/internal or external meetings, small working groups with other associates and when appropriate, members of senior management.
    • Ability to successfully interact with clients/customers/associates in order to arrive at the most favorable outcome to the mutual benefit of all parties.
    • Ability to negotiate with customers and clients to achieve aforementioned goals, client service and protection of CIT’s assets.
    • Ability to operate independently and be organized.
    • Ability to work on multiple committees and/or projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes.
    • Excellent written and oral communication skills.
    • Strong math aptitude, organizational and analytical skills.
    • Computer literate; fluency in Microsoft Office programs, Excel analysis required.
    • Ability to establish and maintain effective work relationships both internally and externally.
    • Strong problem-solving and follow-up skills with the ability to make decisions.
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