Credit Acceptance Corporation

Vice President, Accounting and Financial Reporting

US-AnywhereRemote in United States
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting or Finance.
  • 12+ years of finance and accounting experience.
  • 5+ years of management experience leading managers.
  • Certified Public Accountant or equivalent certification.
  • Extensive SEC Reporting experience in audit or corporate roles.

Responsibilities

  • Lead accounting and financial analysis teams to deliver accurate monthly financial statements.
  • Serve as strategic advisor to executives with insights on financial performance.
  • Manage compliance with SEC reporting and SOX 404 requirements.
  • Develop high-performing teams through effective supervision and accountability.
  • Implement finance technology strategies to optimize processes using AI and automation.

Benefits

  • 401(K) match
  • Adoption assistance
  • Parental leave
  • Tuition reimbursement
  • Comprehensive medical, dental, and vision coverage
  • Innovative nonstandard benefits promoting a positive workplace culture.
Full Job Description
The Vice President of Accounting & Financial reporting provides strategic leadership for the organization’s accounting and financial team. This role leads a team of Managers and Financial Analysts that is responsible for: accounting for transactions within the general ledger; preparation of the monthly internal financial statements; providing reporting and analysis that clearly communicates actual and forecasted financial performance; providing financial information to support team members to make sound business decisions; preparation of various financial statement supporting schedules on a quarterly basis for the Internal Audit team and external auditors; ensuring compliance with U.S. Securities and Exchange Commission (SEC) Reporting Rules through the accurate and timely filing of required documents; and ensuring compliance with Section 404 of the Sarbanes-Oxley Act (SOX 404) by maintaining effective internal controls over financial reporting. Outcomes and Activities: • Establish and maintain a high-performing organization by actively monitoring and improving the ten dimensions of organizational health (right people, right number, organizational design, clear expectations, training, performance management, measurement, incentive plans, right environment, tools). • Serve as a strategic advisor to executive leadership by providing financial insights, technical accounting guidance, and recommendations that support business objectives and long-term growth. • Lead and develop a team of Accounting Managers and Financial Analysts, fostering a culture of accountability, collaboration, continuous improvement, and professional growth. • Ensure that the monthly internal financial statements are prepared accurately in accordance with GAAP by scheduled deadlines.  • Oversee the research, interpretation and implementation of the appropriate accounting policies for new products and services, changes to existing products and services, or for the issuance of new accounting guidance. • Oversee the accurate and timely completion of supporting documentation for the Internal Audit team and external auditors. • Provide accurate and timely reporting, analysis and insights of actual and forecasted financial performance on both a GAAP and non-GAAP basis that informs decision-making and meets stakeholder expectations • Ensure that various SEC Forms (i.e. 10-K, 10-Q, 8-K, 11-K, Proxy and Form 4) and press releases are filed accurately by established deadlines. • Oversee the research, interpretation and implementation of the appropriate disclosures for changes in business activities and authoritative guidance (U.S. GAAP and SEC Reporting Rules). • Ensure our compliance with SOX 404 by maintaining effective internal controls over our financial reporting, including ensuring that the design of our internal control structure is adequately documented • Establish and execute a finance technology strategy that advances the use of AI, automation, and data-driven insights to enhance efficiency, scalability, and decision-making across the function. • Other duties as assigned. Knowledge and Skills: • Excellent organizational and leadership skills. • Strong problem-solving, analytical and financial modeling skills. • Quick thinker, with an ability to understand and analyze information promptly and effectively. • Outstanding written and verbal communication skills. • Ability to convey complex information in a timely and easily understood manner throughout all levels of the organization. • Demonstrate initiative by being proactive in work duties and making recommendations as opportunities arise. • Customer focused both for internal and external customers. • Open and receptive to ongoing feedback aimed at improving performance. • Proficient in Microsoft Word, Excel, Outlook, Teams and PowerPoint. • Knowledge of U.S. GAAP and SEC Reporting Rules. Requirements: • Bachelor’s degree in Accounting or Finance. • Minimum 12+ years of related finance and accounting experience. • Minimum 5 years of experience managing and developing managers and a professional level team. • Certified Public Accountant or equivalent (i.e. - Chartered Accountant). • Extensive experience researching accounting and reporting issues, including interpreting U.S. GAAP and SEC Reporting Rules. • Extensive experience writing financial analytics for executive-level users. • Extensive SEC Reporting experience in an audit role within a CPA firm and/or a corporate external reporting role. • Experience designing and evaluating internal controls in an audit role within a CPA firm and/or a corporate internal audit/SOX 404 role. • Experience designing and implementing process improvements. Preferred: • Master’s degree in Accounting or Finance. • Experience managing people who manage people. • Significant experience in the Financial Services industry. • Significant accounting experience from a large national or regional CPA firm. • Knowledge of the Credit Acceptance operating model and business model. Targeted Compensation: $290,000+ base salary + an annual bonus plan #LI-Remote #zip Benefits • Excellent benefits package that includes 401(K) match, adoption assistance, parental leave, tuition reimbursement, comprehensive medical/ dental/vision and many nonstandard benefits that make us a Great Place to Work  Our Company Values: To be successful in this role, Team Members need to be: • Positive by maintaining resiliency and focusing on solutions • Respectful by collaborating and actively listening • Insightful by cultivating innovation, accumulating business and role specific knowledge, demonstrating self-awareness and making quality decisions • Direct by effectively communicating and conveying courage • Earnest by taking accountability, applying feedback and effectively planning and priority setting To create an environment where people do their best work, we focus on the dimensions of Organizational Health. All leaders must: • Identify the Right People by recognizing top talent • Set Clear Expectations by managing change and directing others • Train team members and focus on developing talent • Performance Manage by ensuring accountability and driving results • Create the Right Environment by establishing trust and managing conflict • Maintain the Right Number of team members needed to build an effective team Expectations: • Remain compliant with our policies processes and legal guidelines • All other duties as assigned • Attendance as required by department  Advice! We understand that your career search may look different than others. Our hiring team wants to make sure that this would be a fit not just for us, but for you long term.  If you are actively looking or starting to explore new opportunities, send us your application!   P.S. We have great details around our stats, success, history and more.  We’re proud of our culture and are happy to share why – let’s talk! Required degrees must have been earned at institutions of Higher Education which are accredited by the Council for Higher Education Accreditation or equivalent. Play the video below to learn more about our Company culture.

About Credit Acceptance Corporation

Credit Acceptance Corporation is a publicly traded company that provides automobile loans through indirect lending. The company operates in the United States and Canada. Credit Acceptance Corporation was founded in 1972 by Don Foss, and is headquartered in Southfield, Michigan. The company has been publicly traded since 1992.
Learn more about Credit Acceptance Corporation
Size
2,033 employees
Market Cap
$5.7 billion
Industry
Net Income
$421 million
Founded
1972
5 Year Trend
+13.9%
Revenue
$1.6 billion
NASDAQ

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