When you talk about the money Jeffrey L. Pettine deals with in his job, you have to talk in the tens and hundreds of millions.
The Providence resident is vice president and senior finance manager for Citizens Financial Group, and as such, he manages the financial institution’s mid-corporate area, which consists of $3.7 billion in loans and about $1.4 billion in deposits. His division is expected to generate $160 million in revenue for the CFG, one of the 10 largest commercial banks in the country.
Of course, they don’t assign just anyone to that type of responsibly.
Prior to his promotion in July 2008, Pettine worked for two years as CFG’s vice president of portfolio credit risk management, developing the bank’s allowance for loan and lease loss requirements and justification. For that, he received Citizen Bank’s “Risk Management Excellence Award” in 2007.
Pettine’s work with the bank’s allowance for loan and lease losses took on special importance when the economy turned sour and loan-loss provisions became a critical way to measure a financial institution’s health.
A Stonehill College graduate with an accounting degree, Pettine’s career began at Medical Image Management in Fall River, where he served as director of market development. He then held various positions at Eastern Utilities Associates, including accountant, internal auditor and treasury analyst.
In 1999, he moved to the world of banking, working at Fall River-based Citizens-Union Savings Bank as assistant comptroller, then assistant VP of commercial lending, and eventually vice president of the insurance division. Along the way, he earned a master’s of business administration at the University of Massachusetts Dartmouth. •
