Avp, Commercial Finance Loan Closer

CIT Group New York , NY 10007

Posted 3 months ago


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.


  • Ensures that new loans and renewals are closed in compliance with the Bank's loan policy, Commercial Finance Credit Procedures, and in compliance with any other requirements designated by the credit approval.

  • Work with the Relationship Manager/Originator and Underwriter to gain an understanding of and interpret the key structural issues of loan transactions.

  • Manage the pre-closing requirements process with internal and external clients (Underwriter, Relationship Manager, Syndication Desk, Borrowers, Lenders)

  • Review title commitments and surveys to ensure that they do not contain any exceptions that are unacceptable to the Bank and escalate any discrepancies when necessary

  • Remain current on all pending and proposed regulatory changes affecting compliance.

  • Monitor and clear loan exceptions.

  • Other duties as assigned



  • Bachelor's degree, or military experience; or equivalent combination of education and work experience.

  • Minimum 5 years of commercial banking experience in a large-ticket, loan closing, loan administration, or loan operations function.

  • Experience as Documentation Specialist, or Paralegal a plus

  • Strong familiarity with and ability to interpret complex Loan and/or Legal Documentation

  • Familiarity with LoanIQ and/or Stucky Loan Accounting Systems

  • Comfortable working in a team environment and supporting associates in remote locations (e.g. Chicago or Dallas).

  • Strong problem-solving skills with sound logic

  • Assertive, proactive, and results-focused (gets the job done, not just the tasks)

  • Ability to complete tasks in consistent and timely manner

  • Strong written and oral communication skills and attention to details

  • Strong organizational skills and detail oriented

  • Strong interpersonal skills, professional demeanor, and comfortable interacting with various personalities

  • Familiarity with Intralinks, SyndTrack or other similar applications

  • Articulate and focus within direct sphere of influence and when interacting with outside teams.

  • Plans and balances workload

  • Demonstrates ability to balance data with other factors when making decisions

  • Proactively identifies issues/opportunities and proceeds appropriately

  • Develops and provides guidance to others in team by sharing knowledge and training, including helping to cross-train junior colleagues

  • Can work in an ambiguous environment and handle frequent changes

  • Strong Microsoft Office (Word, Excel and PowerPoint) skills

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Avp, Commercial Finance Loan Closer

CIT Group