CIT Group, Inc. Associate - Underwriting Sponsor Finance in New York, New York
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. 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. For more information, visit cit.com.
This Associate 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-working with potential borrowers, private equity teams, other Lenders, and other members of CIT underwriting team to execute approval and closing of new and existing business opportunities-analyzing detailed business and financial information of prospects-producing and discuss transaction approval documents-building detailed financial/cash flow projection models-performing valuation analysis,conducting independent industry research studies-presenting findings to team and Credit Committees, and manage accounts post close
* Bachelor's degree with courses relevant to business and financial analysis.
* 3+ years of relevant experience,
* analytical and quantitative skills,
* 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