CIT Group Inc.

Cash Applications & Freight Invoice Specialist

Location US-IL-Chicago
Job ID
# Positions
Job Family



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


Successful candidate will be required to research, input and review cash applications and freight invoices for the Rail portfolio. Principal duties and responsibilities include:


  • Reviewing bank reports, payment application instructions, suspense funds and payment application corrections to determine appropriate posting of customer payments and credit memos against open customer receivables
  • Researching and resolving customer issues relating to receipts and open balances
  • Processing credits and refunds for customers
  • Working together with other Rail & Financial Ops teams to ensure all miscellaneous cash applications are completed in a timely manner
  • Gathering payment remittance details from all customers
  • Generating monthly management reports
  • Processing of Class I railroad freight invoices: pulling, researching, verifying and GL coding of freight invoices
  • Freight data tracking and reporting
  • Processing outgoing wire transfers per contract and CIT Treasury requirements


• 1+ year experience in accounts receivable or lease accounting systems.
• Accurate and efficient data management and processing skills
• Strong Excel user with working knowledge of vlookups and pivot tables.
• Team oriented and dependable.


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