Director, Portfolio Manager-Capital Equipment Finance

3 weeks ago


Morristown NJ, United States CIT Full time

OverviewOpportunity to work for a top 20 Bank, with advancement opportunities both in the department and other functional areas of CIT and First Citizens Bank. The Director, Portfolio Manager - Capital Equipment Finance is responsible for managing PM’s and all portfolio management activity across the entire portfolio of equipment loans and leases aggregating ~1Bn. You will also be responsible for making recommendations on new portfolio credit requests, renewals, and modifications ensuring quality and soundness of all credit transactions.ResponsibilitiesJob Responsibilities: Responsible for managing PM’s and all portfolio management activity across the entire portfolio of equipment loans and leases aggregating ~1Bn.Ensures all applicable credit policies, standards, and procedures are within full regulatory compliance.Responsible for making recommendations on new portfolio credit requests, renewals, and modifications ensuring quality and soundness of all credit transactions.Capture and document credit decisions, conditions, and modifications to meet client needs as well as balance the bank's internal risk/return requirements.Underwriting experience a plus as PM’s will on an as needed basis handle new requests from clients or surges in prospect portfolio add-on requests.Adhere to corporate and business specific policies and consider appropriate controls as part of day-to-day responsibilities.The base pay for this position is relative to your experience but the range is $165,000 to $175,000. 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.QualificationsBasic Qualifications:Bachelor’s degree in Finance or Banking; MBA preferred.Minimum 10 years experience in UW, PM, or credit management roles.Other/Preferred Qualifications: Very strong credit and analytical skills, who can multi-task and work in a high-paced team environment.Must interact effectively with originators and have good verbal communication skills.Equipment finance knowledge across a wide range of asset classes and obliger types preferred with solid documentation skills and the ability to lead transaction from cradle to grave.Prior problem loan management/workout experience a plusPrior leadership/management experience preferred but not required.Strong Microsoft Office Skills required to include Excel and Power Point.Moody’s Credit Lens experience a plus.



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