CIT Group Inc.

VP, FP&A Treasury Support

Location US-NJ-Livingston
Job ID
# Positions
Job Family
Finance - Fin Planning and Analysis



Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. 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. For more information, visit


The successful candidate will work in the Corporate Financial Planning & Analysis group as the key liaison between Treasury and FP&A. The role will be focused on supporting the forecasting and analysis of the Treasury function.


Key Responsibilities:


  • Analyze debt, deposits, investments, FX & derivatives, cash and liability exposure on a quarterly basis vs historical periods as well as forecast and Plan
  • Calculate margin impacts 
  • Analyze yields and balances, funding / liquidity metrics and affiliate deposits and intercompany fundings
  • Work with liquidity team on forecasted cash reconciliations; provide unavailable cash forecast 
  • Work with Investment team on portfolio forecast: obtain New Business assumptions, project CPR and convexity, obtain existing portfolios’ monthly Cash Flows, Book Values, and OCI projections, preparation of Bank HQLA forecasting
  • Convert new business projections to monthly Cash Flows, Book Values, and OCI projections. 
  • Coordinate forecast preparation for FHLB Capacity
  • Load forecast for debt, investments, stock and cash position
  • Update/Maintain the Treasury Master Template: Liquidity – Intercompany Master Note Actions, Deal Transactions, Funding – Debt Issuances, Capital – Share repurchases, Sub-debt issuance, Equity issuance, Dividend payments
  • Prepare cash/securities reconciliation
  • Assist in preparation of quarterly materials required for Board of Directors meetings.


  • Bachelor’s degree in Accounting or Finance is required
  • CPA or MBA is preferred
  • 5+ years of financial services experience
  • Demonstrated ability to meet stringent deadlines and work under stressful situation
  • Strong leadership and collaboration skills
  • Independent critical thinking with well-developed analytical abilities
  • Excellent communication skills
  • Ability to work in a fast paced, high volume, team oriented environment
  • Hyperion Essbase proficiency is required
  • Proficiency with Microsoft Office products, particularly Excel and PowerPoint


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