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Job Title: ASSISTANT VICE PRESIDENT, SENIOR CREDIT OFFICER
Job Location: NY: New York
Pay Rate: Open
Job Length: full time
Start Date: 2008-09-19

Company Name: CIT Group
Contact: HR
Phone: email only please
Fax: email only please

Description: ASSISTANT VICE PRESIDENT, SENIOR CREDIT OFFICER

Location:New York Job ID:12731

State/Province:NY Duration:Full Time

DESCRIPTION ASSISTANT VICE PRESIDENT, SENIOR CREDIT OFFICER JOB DESCRIPTION: Prepare customer credit committee presentations for high risk or high exposure accounts which involves a detailed write-up of financial trends, potential risks, cash flow, sources of liquidity and overall risk profile. Handle a portfolio of high risk customer credit exposures. Conduct a thorough analysis of balance sheet, income statement, cash flows, financial projections, borrowing base certificates and debt structure. Calculate/estimate covenant tests to ensure that a company is in compliance with its debt covenants. Prepare various analyses involving calculating expected losses and quality of receivables on a quarterly basis. Analyze new business prospective client lists to determine if a prospects customer base and receivables exposure are acceptable to the credit department. Assist with monthly and quarterly financial reporting. Assist with development a probability of default (PD) risk management system for CIT businesses, where the PD grades correlate with the degree of customer credit risk. Serve as a methodology owner for the CIT Trade Finance division risk management system. Serve as a liaison between the Trade Finance business unit and Corporate Credit Risk Management. Communicate with internal auditors about the established risk rating methodology. Annual salary of $80,000 to $90,000. 40 hours/week (8 am to 5 pm). Send Resumes to: Stephanie Cassella, Human Resources Generalist CIT Group, Inc. One CIT Drive Livingston, NJ 07039 (Must reference Job ID#0077)

Employee Referral Program Incentives Also Eligible*

Applicants should report to the Employer, not to the local Employment Service office. This notice is being provided as a result of the filing of an application for permanent alien labor certification for the position. Any person may provide documentary evidence bearing on the application to Certifying Officer, U.S. Department of Labor, Employment and Training Administration, Atlanta National Processing Center, Harris Tower, 233 Peachtree Street, N.E., Suite 410, Atlanta, Georgia 30303.

REQUIRED SKILLS JOB REQUIREMENTS: 1. Bachelors degree in Business Administration with a major in Finance; 2. Two years of experience in credit analysis and financial statement dynamics; and 3. Other experience must include writing and preparing high-level business presentations; delivering presentations to senior management; negotiating with customers/clients; conducting complex analytical analysis involving cashflows, projections, covenant compliance as well as ratio and comparative analysis; knowledge of International credit standards, including Basel I and Basel II accords; and proficiency in software systems such as Moodys Financial Analyst. Must have current authorization to be permanently employed in the United States.

Please refer to Job code cit-12731 when responding to this ad.

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