AVP, Problem Loan ManagementLocation US-NY-New YorkJob ID 31646 Positions 1Job Family Credit - Loan WorkoutType 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 Key Responsibilities:Supporting senior PLM Officers in analyzing and managing assigned portfolio to maximize loan recovery through extensive cash flow modeling, enterprise valuation, industry analysis, competitive assessment, etc.Assisting with quarterly portfolio reviews through completion of PLM status reports and in the preparation of other regular reporting items as needed.Supporting portfolio analysis with system development/data management.Preparing monthly and quarterly analysis of the individual accounts for discussion during the Criticized Asset Working Group meetings.Providing in depth financial analysis of historical financial statements and operating information, and identify important value determinants and risks, using knowledge of accepted accounting principle, model design, and financial analysisDeveloping cash flow models taking into account historical performance, account industry and economic environment and various restructuring alternativesComfort with DCF (discounted cash flow) models is critical, development of collateral and enterprise valuation models and analysis.Completing PD (probability of default) and LGD (loss given default) models.Ensuring accurate regulatory rating.Performing industry/economic assessments, identifying economic trends, competitive analysis and business models.Performing extensive analysis and due diligence to identify risks associated with modification of credit terms.In conjunction with team leader, making recommendations regarding waivers, amendments and restructuring strategies.Assisting in the identification of the distinctive competencies, competitive advantages, and competitive weaknesses of troubled credits.Preparing presentations materials, discussion points and questions prior to meetings.Assisting in the preparation of credit approval request memorandum which support the valuation of companies and the economics of proposed transactions and identify major risks and mitigants.Assisting with negotiations of restructuring proposals and legal documentation Qualifications Bachelor’s Degree in Business, Finance or other related field5 years of experience; 2 years Commercial Banking experienceExcellent analytical and writing skillsTeam playerSelf starterPro-active attitudeLI-AR1 CIT is an Equal Employment Opportunity (EEO) employer.
It is the policy of CIT to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex (including pregnancy), gender identity, sexual orientation, national origin, age, protected veteran or disabled status.
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