CIT Group Inc.

VP, Asset Managament

Location US-FL-Jacksonville
Job ID
33677
# Positions
1
Job Family
Asset Management - End-of-Lease
Type
Full-Time

Overview

CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at cit.com/about.

Responsibilities

This position is responsible for leading the daily operations of the end of lease (EOL) servicing team, in order to achieve revenue and residual realizations targets, as well as achieve or exceed defined service levels.  Work closely with the Director of Operations and key business and risk stakeholders to define strategies, develop new programs, analyze existing programs, and continually look at process enhancements that will drive increased efficiency, as well as improved customer and employee experience

In this role you will:

• Manage the performance and accountability of the team, including developing and defining performance and quality targets, capacity planning, training strategy, succession planning, career planning, employee development and ensuring positive team engagement
• Meeting and/or exceed various financial and service level targets, developing actions plans when targets are not met
• Ensure continual review of processes, controls and training strategies for areas of opportunity, identify solutions and drive implementation of improvements
• Have a firm understanding and ensure proper servicing of all vendor programs and relationship as defined by the master agreements
• Serve as a SME for new program development, system functionality and EOL processes and various projects as required
• Provide weekly/monthly reporting and analysis on End of Lease results and identify trends and recommendation to Senior Management
• Ensure appropriate cross functional support and engagement, along with stakeholder management at all levels of the organization.

Qualifications

• Excellent verbal, written and interpersonal communications skills, with the ability to articulate effectively with all levels of management, internal and external customers
• Proven leadership and execution abilities
• BS degree in Business, with a concentration in Finance preferred
• 7+ years’ experience in a financial services environment, Equipment Leasing preferred
• Ability to assess and understand complex vendor programs and lease structures to ensure proper servicing
• Background in leading and coaching teams that require strong negotiations, strategic selling and relationship management
• Understanding of Industrial, Construction, Transportation, Office Imaging and Technology Assets, a plus
• Strong analytic, project management, system acumen skills

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