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Financial Operations Accountant - Rail
Financial Operations Accountant - Rail-May 2024
Chicago
May 12, 2025
ABOUT FIRST CITIZENS BANK
First Citizens Bank is a full-service financial institution with nearly 550 locations nationwide.
10,000+ employees
Financial Services
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About Financial Operations Accountant - Rail

  Overview

  CIT is now a division of First Citizens Bank. CIT Rail is an industry leader in offering customized leasing and financing solutions and a highly efficient, diversified fleet of railcar assets to freight shippers and carriers throughout North America. CIT maintains one of the youngest, most diversified railcar and locomotive fleets in the industry. We have deep experience in providing attractive railcar leasing and equipment financing solutions to rail shippers and carriers.

  As a Financial Operations Accountant you will obtain deep understanding of complex aspects of Rail's collections and invoicing including Railroad payments, casualty payments, maintenance re-bills, and transfers and assumptions. You will prepare and upload credit application batches including complete full reconciliations of bi-monthly credit batches. Research discrepancies and bring to final resolution. You will also assist funds application specialist during high volume times and gain full understanding of the funds application and credit application processes.

  Responsibilities

  Job Responsibilities:

  Obtain deep understanding of complex aspects of Rail's collections and invoicing including Railroad payments, casualty payments, maintenance re-bills, transfers and assumptions, etc.Support corporate accounting reconciliations including Misc AP and Cash Clearing.Reconcile complex customer accounts including payments and credit applications.Assist funds application specialist during high volume times and gain full understanding of the funds application and credit application processes.Prepare and upload credit application batches including complete full reconciliations of bi-monthly credit batches. Research discrepancies and bring to final resolution.Support system testing covering a variety of elevations and enhancements throughout Financial Operations.Collect on a limited portfolio of Rail customers, generate and send monthly statements, follow-up on disputes and direct customer questions internally when necessary.Assist AVP Collections on ad hoc projects and obtain a deep understanding of all responsibilities.Opportunity to advance to AVP Collections and Cash Applications with appropriate development and demonstrated understanding.Qualifications

  Basic Qualifications:Bachelor's degree in BusinessA minimum of 1 year experience in Operations, Analytics, Accounting or Rail

  Other/Preferred Qualifications:Computer literate with proficiency in Microsoft Office.Detail orientedExtremely organized and have strong attention to detail.Strong interpersonal skills with the ability to work well with teams.Must have strong communication skills (written and verbal).Must be a self-starter willing to take full responsibility and ownership of job.

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