Anthony Masci

Vice President, CIT Corporate Finance

40 Under 40 Category: Underwriting

Biography:

Anthony graduated from Boston University’s School of Management in 2005, earning a BSBA with a concentration in finance. He began his career at Bank of New York in Global Income and Securities, where he created and managed databases of General Ledgers for domestic securities as well as managed monthly reconciliations. He was appointed project manager, responsible for over $270 million in taxes withheld for the IRS, and his group’s representative for process meetings with management and new systems implementation.

In 2007, Anthony joined CIT Group, in the Corporate Finance Global Sales & Strategy group, where he helped create presentations for the Federal Reserve Board in conjunction with CIT’s application to become a Bank Holding Company and presented various efficiency and profitability metrics to senior management.

In 2008, he completed CIT’s Credit/Risk Training Program, focusing on financial modeling and underwriting skills, and won the Program’s Case Study Competition with a special commendation. Anthony then transitioned to CIT’s Commercial & Industrial unit, joining the Retail & Restaurant Underwriting team. He’s responsible for structuring both asset-based and cash flow transactions and the credit due-diligence process, including the preparation of credit- approval documents and presenting to senior credit committees with the CIT chief credit and risk officers.

In 2015, the portfolio management function was moved into the Commercial & Industrial Business Unit. Upon the transition,  Anthony was appointed team leader, managing a group of individuals which includes leading deal teams on underwriting new transactions and handling 25 portfolio accounts with $700 million in assets. These transactions and accounts include both administrative agent and sole lender roles for CIT, as well as criticized assets and workouts, all of which have resulted in full repayments.

His role encompasses ongoing financial discussions and legal document and covenant negotiations with borrowers’ C-level executives and private equity sponsors, as well as interactions with other lending institutions and participants on CIT-led deals, and third-party providers, including attorneys, appraisers, accountants and turnaround professionals. In addition, he was selected to host a session with a group of University of Utah MBA students, discussing their future careers in finance, and has designed and administered the CIT Analyst Case Study for the last five years, in which incoming analysts, who were completing their Credit/Risk training, simulated the structuring and underwriting of a new leveraged finance transaction.

While at CIT, he earned his MBA from the New York University Stern School of Business, with concentrations in Finance, Financial Instruments & Markets, and Economics, and was selected to the Beta Gamma Sigma International Honor Society, which recognizes students finishing at the top of their business school class.

When informed he was one of the SFNet 40 Under 40 recipients, Anthony replied, “The SFNet is widely recognized as the premier group of professionals in our industry. Many of its most active and prominent members are the people I’ve looked up to and strived to be like in my career. Being selected to such a distinguished group of young professionals by such a respected organization is truly an honor.”

His nominator, Chris Esposito, managing director, CIT Corporate Finance, said, “Anthony is a trusted team member that leads by example, exhibits those traits that make people want to follow him and is comfortable in any role I have given him.  His decision-making ability, whether it be assessing a new credit, addressing a workout situation or making a personnel decision are well beyond his years of experience.  He’s a pleasure to manage and work with, and his growth over the past few years has been exceptional.”