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. We don't just talk about progress and innovation here - we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.
Your Work Shapes the World at Caterpillar Inc.
Our common values and focus on inclusion and respect drive the decisions made by our company, teams and people. This is why we are committed to hiring and building diverse teams representative of the customers we serve globally. When you join our team, you can apply your unique life and job experiences and work in an environment where your ideas are heard, your contributions are celebrated, and your whole-self matters.
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. We don't just talk about progress and innovation here - we make it happen, with our customers, where we work and live. 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, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For more than 40 years, Cat Financial has provided a wide range of financing solutions to customers and CatR dealers for machines, engines, SolarR gas turbines, genuine Cat parts and services. Headquartered in Nashville, Tennessee, Cat Financial serves customers globally with offices and subsidiaries located throughout North and South America, Asia, Australia, Europe and Africa. Visit cat.com to learn more about Cat Financial.
JOB SUMMARY: Manage all aspects of origination and portfolio credit underwriting, risk management and compliance for the line unit by effectively utilizing all resources. Implement credit practices, policies and procedures to maximize the effectiveness of the company's finance plans in promoting the retail sale or lease of Caterpillar products through Caterpillar dealers, Original Equipment Manufacturers (OEM), and non-Cat direct business within acceptable risk levels.
JOB RELATED STATISTICS:
Managed Portfolio: $1.1B as of October 2023
Annual Business Volume: $300-550M per year
Annual Expense Budget: Varies by assignment
Annual Payroll Budget: Varies by assignment
Personnel: 4-6 exempt staff of varying salary grade levels, as of October 2023
PRINCIPAL DUTIES AND RESPONSIBILITIES: Responsibilities may vary, but include one or more of the following:
1.Manages the areas of credit and portfolio management (modifications, transfers, refinances), risk management and compliance in the line unit.
2.Directs a staff responsible for assisting customers with credit offerings, financial credit information, company policies, and procedures as established by the line unit.
3.Approves credit, directs the credit analysis process and investigation of credit submittals, manages employees with lesser credit authority.
4.Structures and recommends credit submissions in excess of credit authority. Lines of Credit for this line unit range from $3.5M to $150M+.
5.Negotiates documentation of complex transactions, serving as liaison between the sales team and legal, tax, accounting or asset management teams regarding proposed documentation changes.
6.Serves as a key point of contact for compliance efforts for the line unit, including internal reviews and audits to ensure compliance with operational policies and regulations.
7.Assists in interviewing and hiring personnel, participates in training and oversees proper training and instruction given to personnel, initiates and manages other types of employee training, and prepares and administers employee performance reviews.
8.Assists in formulating the line units annual new business volume plan; participates in sales activities, customer visits, and presentations;
9.Participates in formulating the line unit's goals and objectives;
10.Assists in preparation of the office's annual business plan and budget;
11.Participates in accomplishment of continuous improvement objectives for the department. Progress toward accomplishment of these is measured through maintenance of necessary measurements and analysis of associated data. Participates in the identification of problem areas and development of resolutions to address them.
12.Understands the Equal Opportunity and Harassment policies of the company, applies them in all aspects of management and maintains an environment, which is consistent with these policies.
JOB REQUIREMENTS:
SKILLS ABILITIES AND KNOWLEDGE:
1.Advanced knowledge of finance/leasing products, policies and procedures.
2.Demonstrated knowledge of Caterpillar products, their applications and their markets.
3.Advanced knowledge of and the ability to apply math computation skills used for financial modeling and forecasting techniques.
4.Advanced knowledge of commercial law, including bankruptcy.
5.Advanced knowledge of lease accounting practices.
6.Thorough knowledge of the line unit's credit and documentation procedures, processes and operations.
7.Knowledge of Human Resources policies and procedures.
8.Advanced ability to apply problem solving and decision-making skills.
9.Advanced ability to analyze the financial status of customers.
10.Ability to provide an atmosphere of teamwork and cooperation with fellow employees in order to accomplish given tasks.
11.Demonstrated knowledge of and the ability to apply managerial and leadership skills to develop and motivate personnel.
12.Demonstrated ability to define finance/lease markets, understand various industries, identify risks and make recommendations.
13.Ability and willingness to travel.
EDUCATION/EXPERIENCE: A 4-year university degree or an equivalent diploma in Accounting or any of the business disciplines, and a minimum of 7 years industry experience with commercial lending, marketing, credit, commercial collections, financial marketing and customer services at the retail and/or wholesale financing levels is recommended. Equivalent experience may be substituted for education.
Additional Information:
Relocation Assistance to Nashville, TN is available for this role.
#LI
Relocation is available for this position.
Visa Sponsorship is not available for this position. This employer is not currently hiring foreign national applicants that require or will require sponsorship tied to a specific employer, such as, H, L, TN, F, J, E, O. As a global company, Caterpillar offers many job opportunities outside of the U.S which can be found through our employment website at www.caterpillar.com/careers.
EEO/AA Employer. All qualified individuals - Including minorities, females, veterans and individuals with disabilities - are encouraged to apply.
Not ready to apply? Join our Talent Community (http://flows.beamery.com/caterpillarinc/talcom) .
There's more to work at Caterpillar than just the work itself. We hire smart, friendly people and it shows in our culture. We hold ourselves to high standards and make sure our values of integrity, excellence, teamwork, commitment and sustainability come to life in the way we work. We make sure our employees feel continuously challenged while also supported. We provide professional growth opportunities, including leadership programs. We celebrate the diversity of our team, while also working together as one Caterpillar.
Our culture, like everything at our company, is made possible by each employee's contribution. Person by person, we create the environment we work in, and we are proud of the Caterpillar we've built.
