Career Area: Finance
Job Description:
Your Work Shapes the World at Caterpillar Inc.
When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. Together, we are building a better world, so we can all enjoy living in it.
About Cat Financial
Cat Financial is a subsidiary of Caterpillar Inc., the world’s leading manufacturer of construction and mining equipment. For more than 40 years, Cat Financial has provided a wide range of financing solutions to customers and Cat dealers. Headquartered in Nashville, Tennessee, Cat Financial serves customers globally. Visit cat.com to learn more about Cat Financial.
Role Definition
As a senior member of the Credit Department, this individual evaluates commercial financial requests by reviewing applicants' credit histories and analyzing financial statements in order to approve or deny lease and loan applications.
Responsibilities
- Approves/rejects CFSL customer transactions within approved credit authority and recommends transactions beyond credit authority.
- Negotiates and prepares financial transactions for documentation and funding with emphasis placed on complex transactions.
- Assists in administration of wholesale and retail customer loan covenant compliance reviews, including on-site record and physical machine/inventory audits; may restructure customer deals.
- Reviews the credit history, profitability and liquidity of clients to assess the risk level involved in credit extension or money lending.
- Consults with customers to verify financial and credit transactions; responds to customer inquiries and resolves customer complaints.
- Communicates with credit associations and other relevant authorities about the credit history of customers.
- Performs training and provides guidance to other employees on the Credit Team.
- May be charged with developing and maintaining department reports and dashboards.
- Mandate to underwrite/recommend complex transactions up to $50M range for senior management approval; Underwrite and approve transactions with a personal credit authority of up to $1.5M.
- Preferred candidate will have credit experience in asset backed lending along with a minimum of $500K in credit lending authority.
Degree Requirement
Degree or equivalent experience desired.
Bilingualism
Bilingual proficiency in French - verbal and written, is considered a strong asset.
Skill Descriptors
Finance and Accounting: Knowledge of finance and accounting practices, financial analysis, and reporting; ability to apply finance knowledge appropriately to diverse situations.
- Demonstrated knowledge of math computation skills.
- Demonstrated knowledge of financing and taxation principles.
- Interprets profit and loss statements, balance sheets, and financial forecasts.
- Demonstrated knowledge of financing and leasing products and documentation principles.
- Demonstrated knowledge of billing, invoicing, and dealer payment principles and concepts.
- Demonstrated knowledge of PPSA filing requirements and their applicability to bankruptcy laws and regulations.
- Advanced knowledge of calculating amortization schedules.
- Demonstrated knowledge of account collection procedures.
- Resolves questions about finance and accounting policies and practices.
Risk Management: Knowledge of processes, tools, and techniques for assessing and controlling an organization's exposure to risks; ability to apply knowledge of risk management appropriately to diverse situations.
- Identifies major categories of business risks.
- Describes key issues and benefits of risk management practices.
- Describes potential consequences associated with specific examples of business risks.
- Makes use of organizational resources for risk avoidance and management.
Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.
- Accurately gauges the impact and cost of errors, omissions, and oversights.
- Utilizes specific approaches and tools for checking and cross-checking outputs.
- Processes detailed information with good accuracy.
- Learns from mistakes and applies lessons learned.
- Develops and uses checklists to ensure error-free information.
Analytical Thinking: Knowledge of techniques and tools that promote effective analysis; ability to determine the root cause of organizational problems and create alternative solutions.
- Defines the problem or issue and determines its significance.
- Makes a systematic comparison of alternative solutions.
- Uses flow charts and other tools to disclose meaningful data patterns.
- Uses logic and intuition to draw conclusions from data.
- Identifies major forces, events, and people impacting the situation.
Effective Communications: Understanding of effective communication concepts, tools, and techniques; ability to effectively transmit, receive, and accurately interpret ideas and information.
- Delivers helpful feedback that focuses on behaviors without offending the recipient.
- Listens to feedback without defensiveness.
- Makes oral presentations and writes necessary reports.
- Avoids technical jargon when inappropriate.
- Considers non-verbal cues from individuals and groups.
Collateral Management: Knowledge of concepts, objectives, tools, and methods used in collateral management; ability to implement and develop collateral strategies.
- Identifies the concepts and purposes of collateral evaluation.
- Describes major activities performed in collateral management.
- Documents tools, methods, and principles used in evaluating collateral.
- Explains technical terms used in collateral loans.
Credit Analysis and Verification: Knowledge of credit analysis and verification; ability to utilize tools to determine the credit-worthiness of an applicant.
- Categorizes common measures of risk levels and credit-worthiness.
- Advanced knowledge of analyzing customer credit summaries and past due accounts.
- Resolves common types of credit risk issues.
- Implements relevant procedures for credit analysis.
- Utilizes steps and requirements of the analysis process.
Financial Statement Analysis: Knowledge of financial statements; ability to analyze financial statement data and determine credit-worthiness.
- Works with balance sheets and income statements to evaluate credit worthiness.
- Analyzes data and makes business decisions based on such analysis.
- Examines financial statements for validity and correctness.
This Job Description is intended as a general guide to job duties and is not designed to be an exhaustive summary of all responsibilities. At the discretion of management, this description may be changed at any time.
Posting Dates:
Caterpillar is an Equal Opportunity Employer (EEO).
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