Syndication Loan Processor
Employment Type : Full-Time
Overview: 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:- Work in partnership with the Credit group and Senior Sales team members to review new lead opportunities to determine key syndication source
- Coordinates with internal and external stakeholders to facilitate successful and timely closings of Syndicated lease transactions. This shall include, but not be limited to, handling deal setup, collecting all necessary administrative details from syndicate member banks, and ensuring details of each subject transaction are communicated effectively between involved parties.
- Establish collaborative relationships with syndication partners and provide proactive updates throughout the origination process
- Act as an ongoing liaison between the syndication source, operations, and the Business for all post-closing items as necessary
- Responsible for ensuring complex loan transactions are complete and accurate and are in keeping with the terms and conditions approved by the syndication partner.
- Ensures syndication activity reporting is accurate and in adherence to policies and procedures.
- Monitors and adjusts the daily workflow to ensure that operational commitments are met.
- Anticipates and identifies areas for improvement and recommends solutions.
Qualifications:- Bachelor’s degree in finance, Accounting or business-related field required
- Proficient in web-based CRM; Salesforce.com experience preferred
- Minimum of 2+ years working in the loan syndications field
- 2+ years equivalent commercial credit analysis/relationship management experience
- Working knowledge of banking loan policies and procedures, credit analysis, accounting
- Working knowledge of loan syndication processes
- Strong Excel and Word experience
- Strong oral and written communication skills
- Exceptional conceptual thinking and analytical skills with the ability to analyze complex problems that include interrelationships and dependencies