CIT Group Inc.

  • Financial Solutions Specialist III

    Location US-FL-Jacksonville
    Job ID
    30993
    # Positions
    1
    Job Family
    Originations Support - Sales Support
    Type
    Full-Time
  • 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 cit.com.

    Responsibilities

    Financial Solutions Specialists (FSS) manages the daily relationship with CIT business partners, vendors, dealers and end-user customers. This role supports CIT's outside sales force in achieving volume and sales goals through the processing of finance transactions and ongoing relationship management. 

    • Processes new finance transactions from initiation through booking, which includes obtaining credit information on applications, interfacing with all CIT departments through final adjudication, and communicating regularly with the originating vendor and end user customer
    • Tasked with meeting monthly budgeted volume goals and service level agreements(SLA),while remaining within CIT risk management guidelines
    • Responsible for transactional side of relationships and is main point of contact with our business partners, vendors and CIT sales representatives
    • Manages the credit application process and works with all CIT functional areas (Credit, Operations, Pricing, Legal, etc.)
    • Creates accurate and complete documentation packages, while ensuring all transactions meet minimum CIT yield requirements.
    • Processes through resolution escalated service issues identified by CIT Sales and vendors
    • Manages and cultivates relationships with CIT's vendor partners, asking for new business and educating them on CIT processes
    • Verifies data is complete and accurate and meets all quality and compliance checks; reviews, approves, and release purchase order to vendor
    • Performs regulatory audit checks and identifies any regulatory red flags
    • Provides final approval of all transactions prior to payment and booking (under their authority limit)
    • Coordinates contract adjustments where errors have been identified and confirmed
    • Assembles final document package and forwards for imaging and storage

     

    Qualifications

    • Three to five years equipment leasing experience
    • Three to five years experience in sales/customer services roles
    • College degree preferred, or similar equivalent experience
    • Basic knowledge of CIT’s credit, regulatory, documentation and non-documentary requirements
    • Computer literate; proficient in Microsoft Office
    • Effectively organizes oral and written communications to address problems and clearly identifies actions for resolutions
    • Able to perform lease/finance calculations needed to structure transactions appropriately
    • Able to adjust to changing conditions and priorities
    • Ability to maintains and/or builds relationships

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