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 technical analyses and support for the actuarial function or department.

Responsibilities

• Preparing, distributing and helping interpret actuarial or financial reports for internal and external use.

• Participating in projects involving product development, pricing, reserving and reinsurance issues.

• Gathering and analyzing relevant data from a variety of sources using multiple actuarial tools and techniques.

• Assisting in implementing policies and practices for the design and pricing of insurance or financial products.

Skill Descriptors

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 Working Knowledge:

• Approaches a situation or problem by defining the problem or issue and determining its significance.

• Makes a systematic comparison of two or more alternative solutions.

• Uses flow charts, Pareto charts, fish diagrams, etc. to disclose meaningful data patterns.

• Uses logic and intuition to make inferences about the meaning of the data and arrive at conclusions.

• Identifies the major forces, events, and people impacting and impacted by the situation at hand.

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 Basic Understanding:

• Describes non-verbal behaviors that influence the interpretation of the message.

• Cites examples of effective and ineffective communications.

• Explains the importance of effective business communication.

• Speaks/writes using correct language, mechanics, and gestures.

Problem Solving: Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply knowledge of problem solving appropriately to diverse situations.

Level Working Knowledge:

• Identifies and documents specific problems and resolution alternatives.

• Examines a specific problem and understands the perspective of each involved stakeholder.

• Develops alternative techniques for assessing accuracy and relevance of information.

• Helps to analyze risks and benefits of alternative approaches and obtain decision on resolution.

• Uses fact-finding techniques and diagnostic tools to identify problems.

Producing Results: Understanding of the criticality of getting things done despite current circumstances and the ability to utilize assigned resources and leverage back-channel resources (individuals or teams) to achieve or exceed planned outcomes.

Level Basic Understanding:

• Provides examples of using back-channel methods to get things done.

• Explains the difference between effort and achievement.

• Explains the importance of producing results that matter to the business.

• Explains the concept of adapting tactics to support changing needs.

Actuarial Function: Knowledge of the major responsibilities, accountabilities, and organization of the actuarial function; ability to manage actuarial tasks and activities to high quality standards .

Level Basic Understanding:

• Explains the role and contributions of the actuary function.

• Describes key actuarial concepts such as financial insecurity and value of financial security programs.

• Documents standard processes of developing financial security products.

• Identifies major tasks and responsibilities of an actuarial function or unit.

Financial Mathematics: Knowledge of mathematical tools and techniques used in developing and pricing financial instruments; ability to carry out mathematical calculations in various financial scenarios.

Level Basic Understanding:

• Explains the scope and objectives of financial mathematics.

• Cites examples of using financial instruments in risk management.

• Describes basic concepts in financial mathematics.

• Lists commonly used financial instruments and financial models.

Statistics and Actuarial Modeling: Knowledge of statistical and actuarial modeling tools and techniques; ability to apply modeling processes and techniques to facilitate risk management decisions.

Level Basic Understanding:

• Cites examples of the use of statistics and actuarial modeling in the organization.

• Describes the key concepts of mathematical statistics and actuarial science.

• Names commonly used tools and models for statistics and actuarial science.

• Explains how statistical analysis and modeling techniques are applied to risk management.

Insurance Finance and Actuarial Concepts: Knowledge of a comprehensive range of insurance finance and actuarial concepts; ability to apply finance, accounting and actuarial concepts and terminologies within insurance related practices.

Level Working Knowledge:

• Analyzes major corporate financial reports, including annual reports.

• Researches financial goals, measures and approximate results of key competitors.

• Applies specific financial and actuarial tools and standards within one's own area.

• Works with basic insurance finance, accounting and actuarial concepts.

• Addresses the key issues and considerations of working with different financial units.

Compensation & Benefits

Base Salary for this role ranges from $71,244.00 - $114,000.00. Actual salary will be based on experience. Total rewards package, beyond base salary included:

• Annual Incentive bonus plan

• Medical, dental and vision coverage starting day 1

• Paid time off plan (Vacation, Holiday, Volunteer, Etc)

• 401(k) Savings Plan including company match

• Health Savings account (HSA)

• Flexible spending accounts (FSAs)

• Short and long-term disability coverage

• Life Insurance

• Parental Leave

• Employee Assistance Program

• Voluntary benefits

• Career Development

* Subject to annual eligibility and incentive plan guidelines.

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:

October 9, 2024 - October 16, 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.

Not ready to apply? Join our Talent Community (http://flows.beamery.com/caterpillarinc/talcom) .