CIT Group Inc. Managing Director, Chief Underwriter 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

Reporting to the President of Commercial Finance, the Head of Underwriting and Portfolio Management is responsible for leading a team of Underwriters and Portfolio Managers across multiple business segments including; Healthcare, Capital Markets, Maritime, Aerospace, Commercial and Industrial, Energy, Sponsor Finance, Communications & Technology, Syndications and Entertainment & Media.

Principle Duties and Responsibilities

• Responsible for developing strategic and operational objectives that have a substantial impact on the short and long term success across all segments within Commercial Finance

• Establishes strategic underwriting objectives, underwriting authority levels, and products development direction

• Maintains a strong presence with Business Segment Leaders to assess risk tolerance, market appetite, and emerging issues

• Partners with internal peers to address governance and compliance issues related to underwriting practices

• Leads, directs, and has full management accountability for staff in area of responsibility with an emphasis on talent management and succession planning in accordance with corporate strategic direction

• Assimilates trends in the industry and determines underwriting best practices

• Analyze and approve credit requests, structure credit facilities, and negotiate credit agreements and other loan documentation

• Responsible for on-going monitoring and risk management portfolios of credit clients

• Develop and articulate a dynamic, forward-looking risk assessment of client companies, transactions, competitive threats, industry and other factors

• Lead and/or participate in client due diligence and transaction negotiations

• Attend client, credit committee, and other meetings to develop a thorough understanding of client companies, management teams, and industry sectors

• Use financial models to develop a forward-looking credit risk assessment based on key value drivers and sensitized assumptions

• Recommend and approve appropriate credit structures relative to risk assessment and policy considerations

• Manage and monitor credit approval process

• Apply corporate finance and accounting expertise to develop appropriate financing structures

• Build out credit approval materials, ensure all credit risk policies are followed, and present and recommend credits for approval at the appropriate level

• Portfolio Management

• Ensure risk ratings are accurate and reflect a current forward-looking view of the clients

• Provide early identification and proactive management data analytics and reporting for deteriorating credits and other problem situations

• Prepare and present quarterly portfolio review material to senior management

• Work with the credit risk group and internal credit reviewers to validate credit quality and integrity of the credit process, and comply with regulatory and policy requirements

• Work closely with Credit Support Specialists to ensure accuracy of credit system data

• Assist Credit Risk Executive in training and developing junior underwriters

• Interface with regulators (OCC, FRB and FDIC)

• Coordinate develop and recommend appropriate credit limits, credit standards and industry strategies

• Exercise FLU credit authority pursuant to credit policy and regulatory higher standards

• Superior credit, corporate finance, negotiation, loan documentation, and financial modeling skills

• Proven track record as a change agent

• Strong interpersonal and communication skills

• Independently productive; able to operate at a highly effective level with minimal day-to-day managerial direction

• Minimum of 10 years of corporate or investment banking lending experience including extensive credit, structuring, and marketing preferably in a regulated banking environment

• BA/BS degree is required, MBA and/or CFA is preferred

• Extensive underwriting expertise with the ability to integrate knowledge across product lines and segments

• Advanced communication skills, which are critical to building consensus across area of influence (external and/or internal relationships), team and/or matrix environment

• Superior leadership and management skills demonstrated integrity and professionalism

• Ability to drive results by identifying and resolving significant problems within scope of responsibility

• Knowledge of Microsoft Office Suite and other business-related software

ID: 30413

External Company Name: CIT Group LLC

External Company URL:

Street: 11 West 42nd Street