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CIT Group Inc.

AVP Mechanical Operations

CIT Group Inc. - Chicago, IL

Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $65 billion in assets. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billion of deposits and more than $40 billion of assets. It provides financing, leasing and advisory services principally to middle market companies across a wide variety of industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. 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.
This position is responsible for maintaining and protecting CIT\u2019s rail assets, financial wellbeing and reputation by mechanically overseeing and managing a segment of CIT\u2019s rail fleet and corresponding budget. To do so, the incumbent must quickly become familiar with the various car types assigned to the position, their current physical condition, and their various customer options.
The successful candidate will have a proven mechanical operations background with working knowledge of railcar repairs and maintenance covering a multitude of car types and configurations. As important, the successful candidate must have the sensitivity and ability to respond to and manage external as well as internal customers, including shops, in a timely and efficient manner while performing other duties and responsibilities.
PRINCIPLE ACCOUNTABILITIES:\u2022 Manage CIT\u2019s railcar fleet maintenance requirements in compliance with Association of American Railroad and Department of Transportation rules and regulations as well as CIT standards: within budget of the fleet\u2019s $200 million spending target; by participating in annual budget forecasting and reviews; by establishing scope-of work specifications that match repair market demands and optimize life of railcar and costs; by supporting processes that are essential elements for maintaining a fleet of over 100,000 railcars.\u2022 Manage, interact with and maintain CIT\u2019s customer relationships by knowing and understanding customer needs and requirements as well as customer and CIT\u2019s contractual obligations. Quickly and efficiently manage bad order and repair problems along with minimizing or otherwise mitigating rental abatement. Set parameters, within contract specifications, for handling of lease returns and lease assignments.\u2022 Work interdepartmentally with Sales, Customer Service, Documentation, Finance, Risk, and Legal to ensure CIT Rail successfully meets its corporate goals.\u2022 Manage, interact with and maintain CIT\u2019s relationships with contract shops in the repair network through: Memorandums of Understanding; scopes of work; scheduled shop teleconferences; shop visits; and shop inspections to ensure contracts and agreements are adhered to and that all deliverables are executed in the appropriate manner and timeframes from both sides. Continually evaluate individual shop relationships to determine how they are fulfilling CIT\u2019s needs for: quality; production and capacity; pricing; and ease of doing business. Continually evaluate CIT\u2019s level of ease of doing business as a customer with the individual shops by: providing timely, accurate and concise instructions and information; approving estimates within in a timely manner; providing timely car disposition; paying invoices in a timely manner; creating a win-win relationship with the shop.\u2022 In conjunction with other AVP\u2019s of Mechanical Operations and Technical Services, develop and maintain scopes of work applicable to the position\u2019s assigned car fleet. They must be readily available and in accordance with AAR and DOT rules and regulations and CIT\u2019s Quality Assurance plan and regulatory compliance program. They must be written in a concise and understandable manner that maintains and protects the fleet to current market standards.\u2022 In the event tank cars are assigned to this position, in conjunction with other AVP\u2019s of Mechanical Operations and Technical Services, review and update CIT\u2019s tank car compliance program (HM216b) and Quality Assurance plan in accordance with current and future rules and regulations. \u2022 Other assigned duties as prescribed by the CMO and/or VP of Mechanical Operations.
\u2022 Bachelor\u2019s degree preferred.\u2022 Ten years' work experience in a rail mechanical operations or engineering environment.\u2022 Competent understanding of railroad rules, regulations and operations.\u2022 Vendor Management experience.\u2022 Ability to lead teams and work cross functionally. \u2022 Proficient in Microsoft Office and generally computer literate.\u2022 Strong organizational skills, very detail oriented and able to communicate clearly and effectively (written and verbal).

10 days 14 hours ago

CIT Group Inc.


AVP Mechanical Operations CIT Group Inc. - Chicago, IL, United States


Location: Chicago, IL

Company Profile:
CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products; and a suite of savings options in the United States. The company operates in five segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance, and Consumer. The Corporate Finance segment offers lending, leasing, and other financial and advisory services to small and middle-market companies in various industries, such as commercial and industrial, communications, media and entertainment, healthcare, and energy. The Transportation Finance segment provides aircraft and railcar, leasing and financing solutions to operators and suppliers in the aviation and railcar industries. This segment also offers lending and other financial products and services to companies in the transportation sector, such as business aircraft, maritime, and aerospace and defense industries. The Trade Finance segment provides a range of domestic and international customized credit protection, lending, and outsourcing services that include working capital and term loans, factoring, receivables management products, bulk purchases of accounts receivable, import and export financing, and letter of credit programs to retail supply chain companies. The Vendor Finance segment partners with manufacturers, distributors, dealers, and product resellers to deliver financing and leasing solutions to end-user customers for the acquisition of equipment. The Consumer segment offers government-guaranteed student loan portfolios, which are in run-off. The company also provides account receivables collection, acquisition and expansion financing, asset management and servicing, credit protection, financial risk management, import and export financing, insurance, letters of credit, and mergers and acquisition advisory services, as well as debt restructuring, underwriting, and syndication services. CIT Group Inc. was founded in 1908 and is headquartered in Livingston, New Jersey.