AVP, Accounting - Commercial Banking at CIT Group LLC

Posted in Other 12 days ago.

Location: Livingston, New Jersey





Job Description:

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


CIT is looking for an AVP in the accounting controllership team supporting the Commercial Finance and Real Estate businesses. The AVP is responsible for managing all aspects of portfolio accounting, P&L reporting, accounting controls and equity accounting. Strong problem solving and analytical skills is a must, must be detail oriented, have effective organizational, written, and communication skills, and a general understanding of accounting controls. As a member of this team, the candidate will work closely with our business partners to ensure proper accounting and controls.


Qualifications




  • 7+ years of Accounting experience; preferably in the financial services industry.

  • Knowledge of equity investment accounting and reporting, accounting and reporting for asset sale transactions, finance receivable margin reviews, knowledge of legal entity structures and cash flow statements.

  • Peoplesoft, Hyperion experience preferred.

  • Strong MS Office (Excel) skills.

  • Strong problem solving and analytical skills is a must.

  • Must be detail oriented, have effective organizational, written, and communication skills, and a general understanding of accounting controls.





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