CIT – Northbridge Credit – Business Development, MD (Hybird)

Company Details

First Citizens Bank

Overview:

CIT Northbridge Credit (“CIT Northbridge”), a joint venture of First Citizens Bank, delivers a broad range of flexible asset-based debt solutions backed by years of expertise. CIT Northbridge serves as an alternative lender to traditional banks by providing senior secured asset-based financing solutions to address your financing needs. Revolving- and term-loan commitments may range from $15 million to $150 million.

Products & Services: Acquisition Financing, Bridge Financing, Debt Restructuring, DIP Financing, Growth Capital, Management buyouts, Recapitalizations, Restructurings, Turnarounds, and Working Capital.

Key areas of focus: Asset-based revolving lines of credit and term-loans, Asset-based stretch hybrid structures . Delayed-draw and Capital expenditure loans.

Industries: Automotive, Consumer Products, Equipment Rental, Food Products, Metals, Paper, Plastics, Staffing, and Trucking.

Responsibilities:

Reporting to the Executive Officer for CIT Northbridge, the Managing Director Business Development Officer will be responsible for:
  • Diligent calling on referral sources such as Investment Bankers, Turnaround Financial Advisors, Banks
  • Development of strategic marketing plan and consistent execution
  • Provide prospective customers with high quality service, addressing all clients’ needs, within CIT Northbridge risk parameters, insuring preservation of capital and acceptable returns through the sourcing, underwriting and closing process.
    ion of capital and acceptable returns through the sourcing, underwriting and closing process.

Qualifications:

  • 10 plus years in asset-based lending new business development
  • Strong financial and collateral analysis skills
  • Strong credit and presentation skills
  • Strong lending product/structure knowledge
  • Professional market facing attributes
  • Excellent communication skills
  • Broad ABL market presence and positive reputation
  • Self-starter, Self-motivated
  • Deal Team leadership, contribution and building skills
  • College graduate, MBA preferred
  • Proficient Excel, Word, Public Speaking

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