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.

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.

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 Cat® dealers for machines, engines, Solar® 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.

Role Definition

• Provides expertise, guidance, and performs underwriting while adhering to organizational guidelines, policies and processes.

Responsibilities

• Follows up-to-date regulatory requirements, industry best practices, trends and business requirements.
• Providing solutions and support for large and complex underwriting risk evaluation processes in a given line of business.
• Mentoring and guiding less experienced underwriters in handling underwriting issues; developing and delivering corresponding training according to departmental needs.
• Advising on the monitoring of loss experience and business conditions of key accounts as well as loss trends and any relevant legal or economic factors affecting a given line of business.
• Provides documentation support during negotiations with customer’s attorneys and Cat Financial attorneys.
• Manages the loan covenant compliance process and various loan retention accounts during the term of the loan.
• Explains, defends, persuades and supports recommendations for interested parties. Interested parties may include end-user customer, marketing organizations of Caterpillar Divisions, staff and management of Business Units, and FPD credit staff and executives.

Degree Requirement

• A 4-year college or university degree and a minimum of 6 years exempt experience in credit, customer services, collections, marketing, financial statement analysis and/or a related discipline is recommended. Degree or equivalent experience desired

Skill Descriptors
Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.
Level Working Knowledge:
• Accurately gauges the impact and cost of errors, omissions, and oversights.
• Utilizes specific approaches and tools for checking and cross-checking outputs.
• Processes limited amounts of detailed information with good accuracy.
• Learns from mistakes and applies lessons learned.
• Develops and uses checklists to ensure that information goes out error-free.

Analytical Thinking: Knowledge of techniques and tools that promote effective analysis; ability to determine the root cause of organizational problems and create alternative solutions that resolve these problems.
Level Extensive Experience:
• Seeks discrepancies and inconsistencies in available information; explains variances.
• Organizes and prioritizes the sequence of steps to be taken to remedy the situation.
• Identifies many possible causes for a problem based on prior experience and current research.
• Approaches a complex problem by breaking it down into its component parts.
• Chooses among a diverse set of analytical tools according to the nature of the situation.
• Quantifies the costs, benefits, risks, and chances for success before recommending a course of action.

Creativity: Knowledge of the approaches, tools, and techniques for promoting creative, original thinking and ability to apply it to a variety of business situations.
Level Working Knowledge:
• Shares ideas and is open to other opinions and views.
• Analyzes own assignments and work environment for creative changes.
• Exhibits interest in new ideas and experimentation.
• Contributes to and encourages new ideas; builds on suggestions of others.
• Explores possibilities and their viability.

Effective Communications: Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.
Level Extensive Experience:
• Reviews others' writing or presentations and provides feedback and coaching.
• Adapts documents and presentations for the intended audience.
• Demonstrates both empathy and assertiveness when communicating a need or defending a position.
• Communicates well downward, upward, and outward.
• Employs appropriate methods of persuasion when soliciting agreement.
• Maintains focus on the topic at hand.

Credit Analysis and Verification: Knowledge of credit analysis and verification; ability to utilize tools and techniques to determine the credit-worthiness of an applicant.
Level Extensive Experience:
• Compares and contrasts different benchmarks and measures for assessing credit risks.
• Trains others on alternative approaches and methodologies for credit analysis.
• Conducts credit analysis for individuals and business entities.
• Contributes to the establishment of best practices in credit analysis and verification.
• Advises others on the use of technology in strategic credit analysis policy management.
• Analyzes how credit decisions impact the customer.

Financial Statement Analysis: Knowledge of financial statement and balance sheet; ability to analyze financial statement data and determine the credit-worthiness of a business enterprise.
Level Extensive Experience:
• Evaluates financial statements for multiple industries and sizes of companies.
• Directs the usage of all major financial analysis ratios.
• Recommends alternative sources for and uses of comparative ratios.
• Teaches others the difference between audited, un-audited, adjusted, and pro-forma reports.
• Advises others on comparing borrower ratios to appropriate industry benchmarks.
• Analyzes and interprets multi-year financial statements; highlights key changes.

Quantitative Techniques: Knowledge of quantitative techniques; ability to use quantitative tools and techniques to measure and analyze risks.
Level Working Knowledge:
• Locates and reports problems or issues when applying tools and techniques.
• Resolves common problems associated with quantitative analysis and techniques.
• Utilizes quantitative tools and techniques to analyze risks.
• Participates in analyzing risks using quantitative techniques.
• Works with the basic features and facilities of specific quantitative techniques and analyses.

Customer Support Policies, Standards and Procedures: Knowledge of the organization's customer support policies, standards and procedures; ability to guide customers on all company interactions.
Level Working Knowledge:
• Follows standards and procedures that are relevant to one's own function and initiative.
• Provides feedback in order to improve standard procedures.
• Interprets documentation on the policies and standards regarding contact with the customer.
• Contributes to the development and implementation of specific procedures.
• Assesses inquiries for the need to escalate for further review or approval.

This Job Description is intended as a general guide to the job duties for this position and is intended for the purpose of establishing the specific salary grade. It is not designed to contain or be interpreted as an exhaustive summary of all responsibilities, duties and effort required of employees assigned to this job. At the discretion of management, this description may be changed at any time to address the evolving needs of the organization. It is expressly not intended to be a comprehensive list of “essential job functions” as that term is defined by the Americans with Disabilities Act.

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.

Posting Dates:

September 24, 2024 - October 1, 2024

Any offer of employment is conditioned upon the successful completion of a drug screen.   

EEO/AA Employer.  All qualified individuals - Including minorities, females, veterans and individuals with disabilities - are encouraged to apply.

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