Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $65 billion in assets. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billion of deposits and more than $40 billion of assets. It provides financing, leasing and advisory services principally to middle market companies across a wide variety of industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A.
This position is responsible for maintaining and protecting CIT’s rail assets, financial wellbeing and reputation by mechanically overseeing and managing a segment of CIT’s rail fleet and corresponding budget. To do so, the incumbent must quickly become familiar with the various car types assigned to the position, their current physical condition, and their various customer options.
The successful candidate will have a proven mechanical operations background with working knowledge of railcar repairs and maintenance covering a multitude of car types and configurations. As important, the successful candidate must have the sensitivity and ability to respond to and manage external as well as internal customers, including shops, in a timely and efficient manner while performing other duties and responsibilities.
• Manage CIT’s railcar fleet maintenance requirements in compliance with Association of American Railroad and Department of Transportation rules and regulations as well as CIT standards: within budget of the fleet’s $200 million spending target; by participating in annual budget forecasting and reviews; by establishing scope-of work specifications that match repair market demands and optimize life of railcar and costs; by supporting processes that are essential elements for maintaining a fleet of over 100,000 railcars.
• Manage, interact with and maintain CIT’s customer relationships by knowing and understanding customer needs and requirements as well as customer and CIT’s contractual obligations. Quickly and efficiently manage bad order and repair problems along with minimizing or otherwise mitigating rental abatement. Set parameters, within contract specifications, for handling of lease returns and lease assignments.
• Work interdepartmentally with Sales, Customer Service, Documentation, Finance, Risk, and Legal to ensure CIT Rail successfully meets its corporate goals.
• Manage, interact with and maintain CIT’s relationships with contract shops in the repair network through: Memorandums of Understanding; scopes of work; scheduled shop teleconferences; shop visits; and shop inspections to ensure contracts and agreements are adhered to and that all deliverables are executed in the appropriate manner and timeframes from both sides. Continually evaluate individual shop relationships to determine how they are fulfilling CIT’s needs for: quality; production and capacity; pricing; and ease of doing business. Continually evaluate CIT’s level of ease of doing business as a customer with the individual shops by: providing timely, accurate and concise instructions and information; approving estimates within in a timely manner; providing timely car disposition; paying invoices in a timely manner; creating a win-win relationship with the shop.
• In conjunction with other AVP’s of Mechanical Operations and Technical Services, develop and maintain scopes of work applicable to the position’s assigned car fleet. They must be readily available and in accordance with AAR and DOT rules and regulations and CIT’s Quality Assurance plan and regulatory compliance program. They must be written in a concise and understandable manner that maintains and protects the fleet to current market standards.
• In the event tank cars are assigned to this position, in conjunction with other AVP’s of Mechanical Operations and Technical Services, review and update CIT’s tank car compliance program (HM216b) and Quality Assurance plan in accordance with current and future rules and regulations.
• Other assigned duties as prescribed by the CMO and/or VP of Mechanical Operations.
• Bachelor’s degree preferred.
• Ten years' work experience in a rail mechanical operations or engineering environment.
• Competent understanding of railroad rules, regulations and operations.
• Vendor Management experience.
• Ability to lead teams and work cross functionally.
• Proficient in Microsoft Office and generally computer literate.
• Strong organizational skills, very detail oriented and able to communicate clearly and effectively (written and verbal).