Overview
CIT recently merged with First Citizens Bank creating the 17th largest bank in the United States with over $200B in assets. It is now the largest family-controlled bank in the country. The bank is headquartered in Raleigh, North Carolina, with offices in New York, Los Angeles, Omaha, Phoenix, Jacksonville, and Columbia.
CIT Energy Overview
CIT’s Power and Renewable Energy Group consistently ranks among the top banks in leading financings for US power and renewables projects. In 2020, it was named Renewable Energy Lead Arranger of the year by Power Finance & Risk, a top publication covering the energy project finance industry.
This opportunit offers a “hybrid” work schedule with 3 days in the office and 2 days remotely.
Responsibilities
- Work closely with relationship managers to prepare and structure proposals for new business opportunities
- Lead the internal credit approval process with the review, preparation and presentation of credit approval materials
- Spearhead the due diligence process to review loan documentation, third party reporting, and participate in related discussions with the sponsor/borrower
- Coordinate closing process with capital markets, legal, treasury, middle office
- Mentor the growth and development of junior staff
The base pay for this position is relative to your experience but the range is generally $165,000 to $185,000 per year. This position is eligible for variable compensation, which may be in the form of incentive, bonus, or commission pay. First Citizens offers a competitive, comprehensive benefits program which you can review here: https://jobs.firstcitizens.com/benefits.
Qualifications
- 5+ years project and corporate finance experience with a focus on energy and infrastructure assets including renewables, gas-fired power plants and clean tech
- Ability to analyze cash flow models and develop own sensitivities; strong Excel skills
Preferred
- Strong communication and writing skills
- Ability to lead and train junior staff
- Self-starter with ability to multi-task
- Bachelor’s degree required