Job Description

Overview:

CIT Bank is now a Division of First Citizens Bank. Credit Associate will be responsible in helping the business grow through the underwriting and adjudication of small and medium size loans & leases. The individual will be asked to develop relationships with internal stakeholders in order to identify and champion process improvements. This individual will be a key contributor to Business Capital\xe2\x80\x99s success and have an opportunity to grow within an organization that fosters career development, progression, and mobility.

The ideal candidate will be someone who works with a sense of urgency but not a sense of panic, is comfortable making decisions with imperfect information and is willing to lead from an individual contributor role. The individual who succeeds in this role is someone who is creative, flexible but unwavering in their commitment to risk management & credit quality. Responsibilities:

• Conduct credit due diligence and underwriting for new lease and loan transactions within existing credit policies, risk appetite, and service level expectations.
• The Credit Associate will be responsible for reviewing and analyzing client financial data (financial statements, bank statements, and/or tax returns) to determine creditworthiness and to identify known risks
• Primarily responsible for underwriting smaller, less complex transactions potentially up to $1,000,000
• The Credit Associate will be responsible for managing daily queue activity to ensure that service level agreements are met
• Assist sales representatives with prescreening and structuring transactions for prospective clients on an as needed basis
• Maintain familiarity with CIT policies, procedures, and underwriting standards.
• Interface with other parts of the EF business, such as Asset Management, Legal, Operations, Insurance, Environmental, as well as other departments such as Capital Markets, Corporate Risk Management, Compliance, Problem Loan Management, Loan & Risk Review, and Internal Audit.
• Interface with customers (including brokers and intermediaries), as needed, to complete diligence process, as well as to assist the relationship management efforts of the Originators.

• HS Diploma or GED
• 3 years of work experience in credit underwriting with a bank or commercial finance company.
• Strong verbal/written skills, interpersonal skills, analytical and problem-solving skills
• Strong computer skills

• Bachelor\'s degree
• Experience in credit underwriting of different asset classes including technology, industrial, golf & turf, office imagine and medical
• Ability to assess borrower capacity through review of external commercial bureau reports, consumer credit reports and other publicly available information
• Ability to analyze financial statements and other pertinent credit information and make credit decisions or recommendations
• Experience with spreading financial statements
• Ability to calculate and interpret financial ratios
• Ability to engage across functions and clearly communicate reasons why decisions were made
• Ability to work independently in a fast-paced environment with multiple talks and deadlines
• Technical skills in financial statement analysis, risk analysis and legal contract requirements.
• Strong communication skills and ability to interface with executive management, customers, attorneys, and peers
• Ability to analyze data and complete a trend analysis
• Exceptional analytical and financial analysis skills and the capacity to quickly learn and apply credit assessment policies and procedures
• Knowledge of credit scoring preferred

First Citizens Bank