VP, Portfolio Management - Capital Equipment Finance at CIT Group LLC

Posted in Other 11 days ago.

Location: Morristown, New Jersey





Job Description:

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 portfolio management activity on ~26 accounts for equipment loans and leases which contribute to an aggregate portfolio exposure of $1.3Bn
Ensures all applicable credit policies, standards, and procedures are within full regulatory compliance.
Equipment finance knowledge across a wide range of asset classes and obligor types required, including underwriting experience as PM periodically handles new requests from clients or surges in prospect requests.
Experience to include 5-7+ years in UW, PM, or credit management roles.
Prior problem loan management/workout experience a plus


Qualifications


Experience to include 5-7+ years in UW, PM, or credit management roles.
Prior problem loan management/workout experience a plus



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