For nearly 15 years, CIT Trade Finance has successfully managed an in-house rotational training program for college graduates interested in working with experienced individuals, including senior department managers. Based on our many years of experience with hands-on training techniques, within a short period of time, analysts can become key contributors to our portfolio management and underwriting team.
You will work with experienced individuals with an emphasis on practical application. You’ll have the opportunity to work in two major areas within CIT Trade Finance: portfolio management and underwriting and perform the following critical tasks:
Portfolio Management Area:
- Spread financial statements
- Prepare cash flows
- Cash flow positions
- Insert client advances
- Assist in write-ups
- Submit 20 largest total debt clients
- Submit cash in use over $10MM
- Submit summary review of watch accounts
- Contact person for specific clients on a regular basis
- Meet with clients and prepare visit memo
- Go out on Field Exams for clients that are in the team
- Manage small portfolio of accounts
Underwriting Area:
- Go on calls with new business officers
- Spread financial statements
- Prepare cash flows
- Work on term sheets
- Go out on Field Exam for prospect
- Write up Credit Approval Report
- Sit in on credit review process
- Become familiar with legal documentation
- Close transactions
- Prepare closing memo
- Hand-off to portfolio
You’ll also attend monthly training sessions on concepts and case studies related to our client and prospect base.
CIT’s development and e-learning programs complement your experience with a broad range of learning opportunities throughout your career.