CIT Group Inc.

  • AVP, Finance

    Location US-IL-Chicago
    Job ID
    # Positions
    Job Family
    Finance - Accounting
  • Overview

    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


    • Ensure timely and accurate monthly closes and reporting results of the business
    • Review and approve data to be included in CIT’s 10-Q and 10-K
    • Ensure key controls and processes for Rail North America Finance are operating and documented
    • Approve selected journal entries arising in Rail North America
    • Review investor and securitization reports (monthly, quarterly, annual), and stand-alone audited financial statements of related entities as needed
    • Semiannually certify PeopleSoft general ledger activity of the Business Unit
    • Monitor covenants in material financing, procurement and other significant contracts
    • Develop Rail specific accounting policy guidance, in consultation with Director of Finance- Rail, with Commercial Finance Segment leadership and with appropriate CIT Corporate experts
    • Oversee annual asset impairment and residual reviews for Rail North America
    • Partner with the business to improve controls and processes
    • Respond to queries regarding portfolio data. Conduct research and prepare analysis as necessary
    • Review monthly cash forecast submissions
    • Work with internal and external auditors, bank and holding company regulators, and Sarbox and other examiners


    • Accounting or Finance Degree
    • CPA or MBA a plus
    • 8+ years experience
    • Background in senior accounting/reporting role; Leasing; and/or Rail industry experience a plus
    • Strong PC skills, especially Excel 
    • Experience with PeopleSoft general ledger, Hyperion Essbase and InfoLease beneficial
    • In addition, the ideal candidate should possess the following qualities
    • Strong project management skills
    • Effective organizational and communication skills
    • Strong problem solving and analytical skills 
    • Broad conceptual judgement, initiative and ability to deal with accounting issues


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