VP Finance, Rail

CIT   •  

Chicago, IL

8 - 10 years

Posted 235 days ago

This job is no longer available.


  • Ensure timely and accurate monthly closes and reporting results of the business
  • Review and approve data to be included in CIT’s 10-Q and 10-K
  • Ensure key controls and processes for Rail North America Finance are operating and documented
  • Approve selected journal entries arising in Rail North America
  • Review investor and securitization reports (monthly, quarterly, annual), and stand-alone audited financial statements of related entities as needed
  • Semiannually certify PeopleSoft general ledger activity of the Business Unit
  • Monitor covenants in material financing, procurement and other significant contracts
  • Develop Rail specific accounting policy guidance, in consultation with Director of Finance- Rail, with Commercial Finance Segment leadership and with appropriate CIT Corporate experts
  • Oversee annual asset impairment and residual reviews for Rail North America
  • Partner with the business to improve controls and processes
  • Respond to queries regarding portfolio data. Conduct research and prepare analysis as necessary
  • Review monthly cash forecast submissions
  • Work with internal and external auditors, bank and holding company regulators, and Sarbox and other examiners


  • Accounting or Finance Degree
  • CPA or MBA a plus
  • 8+ years experience
  • Background in senior accounting/reporting role; Leasing; and/or Rail industry experience a plus
  • Strong PC skills, especially Excel 
  • Experience with PeopleSoft general ledger, Hyperion Essbase and InfoLease beneficial
  • In addition, the ideal candidate should possess the following qualities
  • Strong project management skills
  • Effective organizational and communication skills
  • Strong problem solving and analytical skills 
  • Broad conceptual judgement, initiative and ability to deal with accounting issues