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VP, Underwriting - CRE

Company: CIT
Location: Santa Monica
Posted on: September 17, 2020

Job Description:

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

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CIT is committed to Equal Employment Opportunity. It is the policy of CIT to provide equal employment opportunities to all qualified applicants without regard to their race or perceived race (including traits historically associated with race, such as hair texture and protective hairstyles), color, national origin, nationality, ancestry, citizenship, immigration status, age), sex (including pregnancy, lactation, childbirth or related medical conditions), actual or perceived gender, gender identity, gender expression or transgender (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), religion, creed, marital status, family status, domestic partnership or civil union status, affectional or sexual orientation, atypical hereditary cellular or blood trait, genetic information orpredisposition or carrier status (including testing and characteristics), status as a victim of domestic violence, actual or perceived status as a caregiver,military service protected veteran status, mental or physical disability, perceived disability, record of disability, medical condition, AIDS and HIV status, or any other protected characteristic established by applicable federal, state, or local laws. If you would like more information about your EEO rights as an applicant under the law, please click here:

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

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