Contingent Worker/Consultant-Financial Workout Associate

**This is a contingent/consultant postion**

Role Summary/Purpose
• Focus on daily execution of how to restructure a workout loan or lease. Analyze and manage assigned portfolios to maximize loan recovery through proactive working out, restructuring, and other resolutions.

Essential Responsibilities
• Manage workflow of assigned portfolio to contact borrowers and resolve problem accounts.
• Perform extensive analysis and due diligence to identify risks associated with modification of credit terms and determine appropriate structure and pricing.
• Provide in depth financial analysis of historical financial statements and operating information, and identify important value determinants and risks, using knowledge of accepted accounting principle, model design, and financial analysis
• Develop cash flow models taking into historical performance, account industry and economic environment and various restructuring alternatives
• Comfort with DCF models is critical, development of collateral and enterprise valuation models and analysis
• Perform industry/economic assessments, identifying economic trends, competitive analysis and business models
• Perform relative value analysis and understand capital market dynamics
• Make recommendations regarding waivers, amendments and restructuring strategies
• Sit on ad-hoc or formal creditor committees
• Provide background information on industries and prospective companies to Asset Recovery Group Personnel prior to meetings with managements and other creditors.
• Assist in the identification of the distinctive competences, competitive advantages, and competitive weaknesses of troubled credits.
• Prepare presentations materials, discussion points and questions prior to meetings.
• Assist in the preparation of credit approval request memorandum (“CAR”), which support the valuation of companies and the economics of proposed transactions and identify major risks and mitigants
• Assist with negotiations of restructuring proposals and legal documentation

Must have unrestricted authorization to work in the United States.
• Must be willing to comply with pre-employment screening, including but not limited to, drug testing, reference verification and background check.

• Full competency in financial modeling of complex financial transactions
• Firm grasp of Corporate Finance Principles & their practical applicability in structuring a complex capital structure
• Knowledge of secured lending, capital structures & intercreditor issuses
• Familiar with bankruptcy concepts
• Knowledge of Credit Agreements & other legal documentation
• Experience working on the restructure of poor performing loans
• Desire & commitment to learn new techniques to create solutions & the intellectual curiosity & flexibility to question assumptions
• Ability to think far beyond the senior secured “credit” box
• Candidate should demonstrate excellent verbal & written communication skills. PC skills are required.
• Familiarity with Bloomberg & LoanIQ helpful
• Ability to properly plan heavy work loads/good organizational skills.
• Bachelor's Degree in Accounting or Finance with 5+ years experience in a finance, banking, or risk environment. MBA Degree a plus.

Hiring Policies - United States

CIT is an Equal Opportunity Employer. CIT policy prohibits discrimination of employees and applicants for employment. No aspect of employment with CIT will be influenced in any manner by race, color, religion, age, sex, national origin, marital status, disability, Vietnam veteran status, sexual orientation or any other basis prohibited by applicable law. CIT's policy applies to, but is not limited to, hiring, promotion, demotion, transfer, termination and compensation. CIT complies with applicable federal, state and local laws governing nondiscrimination in employment in every location in which CIT has offices.

Hiring Policies - Canada

CIT is committed to a workplace free from discrimination by providing equal treatment and equal opportunity to all of its employees and potential employees regardless of age, ancestry, citizenship, colour, religion, creed, ethnic origin, language, race, sex or sexual orientation, family status, marital status, physical disability/handicap, political belief or any other prohibited ground for discrimination. CIT complies with applicable federal, provincial and local laws governing nondiscrimination in every location in which CIT has offices.