Facilities Manager Facilities Manager …

CIT Group
in Pasadena, CA, United States
Permanent, Full time
Be the first to apply
Competitive
CIT Group
in Pasadena, CA, United States
Permanent, Full time
Be the first to apply
Competitive
Facilities Manager
Please Enable Cookies to Continue Please enable cookies in your browser to experience all the personalized features of this site, including the ability to apply for a job. Returning Candidate? VP, Relationship Manager - Community Facilities Location US-CA-Pasadena Job ID 32532 # Positions 1 Job Family Originations - Relationship/Account Mngnt 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 .

Responsibilities

CIT Bank N.A. is expanding its debt and equity products to help promote community and economic development projects in communities served by our bank network. As one of the largest Financial Institutions headquartered in California, CIT Bank, N.A. provides both debt and equity products to a wide range of community development activities including affordable housing, community facilities, small business development and Community Development Financial Institutions. The Relationship Manager will lead originations and underwriting for Arizona, Nevada, Nebraska and Texas.  This position will include exposure to a variety of commercial real estate transactions (multifamily, community facilities, industrial, and office).  The individual in this role has an opportunity for significant growth and advancement. The Vice President (VP) of Community Lending will be a key leader in the Bank’s achievement of its $7.5 billion community benefits plan related to Lending and Investing and will help grow and manage a portfolio of affordable housing debt products. This position will be responsible for business development, underwriting and assist with portfolio management of the affordable housing portfolio and will include the following:

  • Help manage Borrower customer relationships through the loan transaction process in Arizona, Nevada, Nebraska and Texas.
  • In coordination with the Director of Community Lending & Investing, the VP will help lead the analysis, underwriting, presentation, lender and borrower negotiations of loan terms and loan closing process for a high volume of commercial real estate loan transactions for a variety of lender types.
  • Work with closing team in Pasadena to efficiently manage transactions.
  • Some nationwide travel required- property site inspections and/or Borrower customer visits.
  • In coordination with the Director of Community Lending & Investing, the VP will assess any lending and investment gaps in our assessment areas to ensure excellent responsiveness to community development and credit needs.
  • Experience in underwriting affordable housing loans (construction and perm) is required including prior underwriting of projects utilizing Low Income Housing Tax Credits and Subsidies (Section 8, VASH, etc.)
  • Experience in the closing of lending and/or investing opportunities by working with loan administration staff in the coordination of closing and funding which will include working with internal/external attorneys, escrow/title officers and third-party consultants.
  • Experience with the construction draw process as it relates to keeping balanced budgets and understanding of change orders. This position will help coordinate draws in coordination with the Construction Administrator.
  • Ability to support CIT’s credit culture which requires extensive due diligence ranging from analysis of financial performance, historical portfolio performance to risk identification and mitigation strategies.
  • Experience with the monitoring/asset management of lending and/or investing portfolio including assisting with timely receipt of reporting and monthly, quarterly and annual internal monitoring reports.
  • Must have strong verbal, written and interpersonal communication skills and be comfortable making presentations at conferences and other external meetings, serve on community boards and professional organizations which enhance the profile.
  • Extensive knowledge and understanding of current market conditions in terms of pricing, terms, conditions and covenants as well as legal structure and documentation.
  • Must be able to quickly build successful relationships with co-workers, executives, and third-party partners alike, specifically with affordable housing syndicators and developers (for-profit and not-for-profit groups).
  • Must be able to interface with senior Bank credit officers, lawyers, co-lenders, and other internal and external parties in sourcing, structuring and approving deals.
  • Enjoy working in relationship management teams with a proven understanding of the importance of balancing business development, asset quality and community development needs.
  • Advanced Microsoft office (Word, Excel, an Outlook skills).
  • Ability to make timely and independent judgement decisions while working in a fast-paced, results-oriented environment while exercising sound judgement with attention to detail and accuracy skills.
Qualifications
  • Must have strong verbal, written and interpersonal communication skills and be comfortable making presentations at conferences and other external meetings, serve on community boards and professional organizations which enhance the profile.
  • Extensive knowledge and understanding of current market conditions in terms of pricing, terms, conditions and covenants as well as legal structure and documentation.
  • Must be able to quickly build successful relationships with co-workers, executives, and third-party partners alike, specifically with affordable housing syndicators and developers (for-profit and not-for-profit groups).
  • Must be able to interface with senior Bank credit officers, lawyers, co-lenders, and other internal and external parties in sourcing, structuring and approving deals.
  • Enjoy working in relationship management teams with a proven understanding of the importance of balancing business development, asset quality and community development needs.
  • Advanced Microsoft office (Word, Excel, an Outlook skills).
  • Ability to make timely and independent judgement decisions while working in a fast-paced, results-oriented environment while exercising sound judgement with attention to detail and accuracy skills.
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