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VP, Underwriting - CRE

Company: CIT
Location: Santa Monica
Posted on: September 14, 2020

Job Description:

Vice President Underwriter Jobs in Santa Monica, CA. 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. CIT Real Estate Finance is currently seeking a VP - Underwriting who will:. Underwrite commercial real estate loans including bridge, construction and terms loans for multi-family, office, retail, industrial, and hotel properties.. Draft term sheets and interact with brokers and other market participants to assist in originating new business.. Complete credit approval memos and submission for approval.Manage transaction closing process including review of property due diligence and legal documentation.. Assist in portfolio management of loans post origination, including modifications, quarterly and annual reviews.. Qualifications. Must possess knowledge of financial modeling and real estate valuation; should possess strong Argus and Excel modeling skills. Must possess strong written and verbal communication skills including the ability to present risks & mitigants of a transaction. Must be an experienced professional with 7+ years of experience in commercial real estate finance. Get alerts to jobs like this, to your inbox.

Bachelor’s degree required

Keywords: CIT, Santa Monica , VP, Underwriting - CRE, Other , Santa Monica, California

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