Bruce F.
Vice President at CIT
- Role
- Vice-president, Capital Equipment Finance at Cit
- Location
- Livingston, NJ, US
- LinkedIn followers
- 500 followers
About Bruce F.
Specialties: OFAC ComplianceVendor Finance -telecommunications, technology, video production equipment, mobile high definition video units
Experience
Vice-president, Capital Equipment Finance
Apr 2013 — Present · Livingston, NJ, US
Account Officer of Portfolio Oversee a $1.3 Billion Portfolio Comprised of Asset-Based Lending Facilities, Capital Leases, Operating Leases, Revolvers, Term Loans & TRAC Leases | Interact with Clients to Gain an Understanding of their Operations & Management Teams to Ensure a Continuous Working Relationship | Utilize Expertise, Including Credit Analysis, Financial Modeling, Structuring & Arranging Deal Terms | Communicate Credit Decisions & Mitigating Factors to Senior Management• Obtain monthly, quarterly, and annual financial statements of new and existing customers.• Spread financial statements in accordance with policies and maintain risk grades.• Prepare and present trend cards for portfolio reviews.• Coordinate collateral evaluations with the Asset Management Department and maintain up-to-dateloss-given defaults (LGD).• Respond to requests for information, including cross-sell opportunities, collateral releases,amendments, and more.• Work with Legal Counsel to review and approve amendments or waiver documentation and certifycurrent data is documented.• Underwrite additional requests for existing customers and work with Legal Counsel and Originatorsthrough closing to ensure appropriate documentation.• Present credit approval requests on amendments, waivers, or increases to the Credit Committee.• Monitor customer performance for upgrade or downgrade triggers and react accordingly.• Prepare quarterly Account Review Reports and present them to senior management.
Education
Fordham Gabelli School of Business
MBA, Finance
1996 — 2000
Rutgers University
BA, History, English
1986 — 1990
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