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Company Contact Info
- Livingston, NJ 07039
- Antionette Olds
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CIT GROUP INC. • Livingston, NJ
Posted 7 days ago
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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.
The Cash Positioning Group within Corporate Cash Operations is responsible for the rapid cash mobilization and efficient utilization of cash within a well-controlled environment while minimizing operating costs. The Cash Positioning Group is responsible for providing accurate and timely management reporting to facilitate strategic global decision making. This position will be one in a team of 6 individuals supporting the Global Cash Management function for CIT parent and subsidiaries Responsibilities include: * Daily cash positioning and evaluation of cash needs * Provide actual vs. forecast cash variance analysis * Support analysis and implementation of restructuring of Cash Positioning Reporting * Develop understanding of cash inflows and outflows to improve cash position forecast * Daily instrument assignment to cash activity * Provide cash deal support for intercompany funding transactions * Process disbursements for cash positioning * Support development and enhancement of monthly Cash Management metrics * Identify and implement streamlining and automation of cash management processes and procedures * Analyze, develop and implement electronic document retention * Participate in Cash Operations Group projects as needed
* Strong Cash Management experience with Treasury Workstation background. *Bachelor's degree required *5 years experience within finance functions required, banking background a plus, * Direct experience with Sungard's Quantum application or similar top tier treasury workstation is a plus. * Previous functional experience in a cash management operations role involving accounting / monthly close process is a plus. * A CTP (Certified Treasury Professional) certification is a plus. * Strong communications skills both oral and written. Successful candidates are able to communicate key ideas and initiatives. * Superior analytical skills and initiative, as evidenced by successful analytical decision-making. Successful candidates can provide examples that demonstrate strong quantitative and analytical capabilities, and the ability to translate analysis into tactics and results. * Strong attention to detail.