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CIT Group Inc.

Associate, Mechanical Operations Data Analyst

CIT Group Inc. - Chicago, IL

Overview
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.
Responsibilities
The successful candidate will be a major contributor and project lead on all data analysis activity within the Mechanical Department. The primary focus will be in the areas of reporting, budgeting & forecasting data trends. This position is responsible for establishing systems development standards, process control standards, document control standards, component data collection and analysis, and supporting billing/counter-billing activities for the CIT railcar fleet under full service and net leases.
 
PRINCIPAL ACCOUNTABILITIES

Assisting with the monthly forecasting process to forecast maintenance spend by transaction / car and repair type.
Providing variance analysis of monthly repair data from multiple sources to develop trend analysis reporting and to make recommendations for budget optimization, while also assisting in documenting and producing the monthly Mechanical Reporting Performance Package.
Administering all Railinc/UMLER activities and initiatives to ensure fleet reliability, data accuracy and integrity.
Representing CIT at Railinc/UMLER/Billing Industry functions.
Assisting with CIT Rebuttal billing process, reconciling fleet to determine proper party to rebill to maximize CIT\u2019s rebuttal billing recapture rate while minimizing customer dissatisfaction.
Assisting with CIT Rail\u2019s annual internal-audit and representing the Mechanical Department in early planning meetings.
Ensuring all department policies and procedures are properly documented in accordance with CIT corporate policy, updating and creating new procedures as necessary.
Supporting the establishment of systems development standards for uploading all third-party systems/data into CRMS for data consistency and accuracy.

Qualifications

Bachelors degree required
Minimum of three years work experience in data analysis or finance environment 
Computer literatacy required with proficiency in Microsoft Office
Detail oriented with excellent attention to detail
Demonstarted bility to work well in and with teams
Strong interpersonal and communication skills (written and verbal)
Rail experience strongly preferred

9 days 14 hours ago

CIT Group Inc.

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Associate, Mechanical Operations Data Analyst 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.