AVP, Bad Debt Recovery

CIT GROUP INC.
Published
May 12, 2020
Location
Jacksonville, FL
Category
Job Type

Description

CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at cit.com/about.

* Provide oversight/direction to Bad Debt Recovery department employees
* Develop proven mentoring techniques to help every team member realize their performance potential. Provide ongoing training and development of the representatives
* Develop strategies to mitigate losses and maximize recoveries related to problem loans/leases
* Review, negotiate, and/or draft documentation to facilitate lease/loan structures and ensure CIT's legal and lien priority positions are in order
* Actively manage significant bankruptcy, litigation cases in conjunction with outside counsel
* Review documents prepared by outside counsel including complaints, motions. Interface with inside and outside counsel as necessary in connection with documentation issues
* Conduct research as needed to support litigation strategies, and reduce the cost of outside counsel

* In-depth knowledge of bankruptcy law as well as extensive experience in managing accounts with outside counsel through the bankruptcy process
* Demonstrated supervisory skills including ability to develop and motivate
* Experience in commercial finance and secured transactions
* Excellent interpersonal and communication skills
* Demonstrated ability to interact with all levels of management
* Travel may be required

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