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FinanceJob 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.
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.
JOB SUMMARY: Develop and maintain global expertise on all factors that impact risk for the purposes of establishing collateral values and residuals on Caterpillar and non-Caterpillar product lines worldwide. Provide analysis on used equipment sales, equipment trends, budgets and business plans.
PRINCIPAL DUTIES AND RESPONSIBILITIES:
1. Processes daily residual exceptions and collateral value requests from all Caterpillar Financial Services Corporation (“CFSC”) Business Units worldwide. Utilizing input from the Asset Management Sales Manager(s), Territory Manager(s), Managing Director(s), Caterpillar dealers and industry sources, analyzes the application of a piece of equipment, historical sales data, equipment specifications, remaining useful life, and market strength, and then establishes an appropriate residual or collateral value.
2. Assists Asset Management Valuations with the development and maintenance of the residual values and collateral values used by the various CFSC Business Units located around the world. In doing so, various information is analyzed including Caterpillar Inc. wholesale market data; CFSC historical sales data; retail data gathered from dealers, customers and trade journals; product usage statistics, product application data; and machine productivity data.
3. Communicates with dealers and Caterpillar, Inc. MBD’s in an attempt to remain informed on new products and markets.
4. May travel to dealer and/or customer offices (on a very limited basis) to gather information in regard to machine values, machine applications and the impact of the certain applications on a machine’s future value.
5. May provide training on the residual and collateral value processes to internal stakeholders.
6. May prepare various residual activity and pricing trends reports for Asset Management leadership.
7. Understands the established continuous improvement objectives for Asset Management. Measures progress toward the continuous improvement standards and sees that the necessary measurements are maintained. Participates in the resolution of any identified problems. Analyzes data and makes all business decisions based on such analysis.
8. Understands the Harassment policy of the company and is responsible for its application in all aspects of employment.
EDUCATION/EXPERIENCE: A 4-year college or university degree in any discipline and a minimum of 4 years exempt experience in credit, collections, sales, marketing, engineering and/or remarketing with Caterpillar, Caterpillar Dealers or in the retail construction equipment industry is recommended. Equivalent experience may be substituted for education
JOB REQUIREMENTS:
SKILLS, ABILITIES, AND KNOWLEDGE:
1. Advanced knowledge of and ability to apply math computation skills.
2. Demonstrated knowledge of Caterpillar products, their applications, and their markets as well as a general knowledge of competitors’ product lines, applications, and markets.
3. Demonstrated knowledge of the industries served by Caterpillar dealers.
4. Demonstrated knowledge of Caterpillar dealer organization.
5. Ability to drive a car or arrange for adequate transportation to and from dealerships, customer sites, etc.
6. General knowledge of remarketing policies, procedures, and processes.
7. Demonstrated ability to create long-lasting relationships with dealer used equipment managers.
8. Demonstrated knowledge and understanding of the construction equipment marketplaces.
9. Knowledge of marketing techniques.
10. Thorough understanding of commercial law.
11. Intermediate Excel skill level.
12. Ability to read and analyze various business reports.
13. Ability to successfully organize, plan and prioritize multiple projects.
14. Ability to complete tasks according to agreed time requirements.
15. Ability to communicate effectively and express ideas, concepts and needs to complete required tasks.
16. Ability to focus attention to details and accuracy.
17. Ability to effectively apply analytical skills.
18. Ability to create and maintain basic spreadsheets, word processing, mail merges, and presentations.
19. Ability to effectively present data to management.
20. Ability to work independently and as part of a team.
21. Ability to use database management software.
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:
April 18, 2024 - April 25, 2024Any 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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