Senior Financial Analyst, Treasury

Credit Acceptance is proud to be an award-winning company with local and national workplace recognition in multiple categories! Our world-class culture is shaped by dedicated Team Members who share a drive to succeed as professionals and together as a company. A great product, amazing people and our stable financial history have made us one of the largest used car finance companies nationally.
Our Support teams work with multiple departments in a dynamic environment that promotes flexibility and autonomy, while offering the opportunity to collaborate with a diverse group of professionals. We work to comply with our company standards, exceed customer expectations and drive our Great Place to Work culture. Through the consistent delivery of quality services and understanding the needs of our business, we develop innovative improvements as we strive towards our company’s Big, Hairy, Audacious Goals!

The primary focus of the Senior Financial Analyst - Treasury will be to provide treasury management with analytical support in the areas of financial analysis and treasury operations. The successful candidate will interact with personnel from numerous Credit Acceptance departments and will have opportunities to work with senior management, external vendors and capital providers. The analysis and output generated by this position will assist in decisions that support the Company’s financial planning and funding objectives. Additionally, the candidate will assist in the development, maintenance and evolution of tools and processes that support the Company’s funding and cash management strategy.

Outcomes and Activities:

• This position will work from home; occasional planned travel to an assigned Southfield, Michigan work location may be required. However, this position is permitted to work at a Southfield, Michigan office location if requested by the team member.
• Understand Credit Acceptance’s governing debt documents to ensure the company maintains compliance with all material requirements.
• Assist in tracking and reporting on the company’s various funding instruments (revolving credit facility, warehouse lines of credit, and asset backed securitizations). Help prepare and review the monthly servicing certificates that are provided to various counterparties for each securitization. This includes analyzing the prior month’s collection activity, covenant performance, and computing/reviewing pool selections required to maintain adequate collateral for each facility.
• Assist in obtaining new funding adequate to support organizational growth through analysis of current capital structure and future funding requirements.
• Provide input in the daily cash management function. Responsibilities include forecasting daily cash positions, parsing and sending daily securitization collections, and efficiently borrowing or paying down the appropriate debt facility.
• Maintain internal analysis of key treasury metrics such as asset availability, cost of debt, and borrowing efficiency. A successful candidate will be able to identify trends in the data and explain variances between reporting periods.
• Evolve and maintain the support schedules for the Treasury activity disclosed in Credit Acceptance’s SEC filings.
• Maintain a high level of customer service.

Knowledge and Skills

• Speak and write clearly, professionally and articulately.
• Knowledge of processes and controls.
• Strong analytical and modeling ability.
• Possess an understanding of a balance sheet, income statement, and cash flow statement.
• Organized and capable of meeting all deadlines.
• Demonstrates a high level of PRIDE
• Remain positive, professional, determined, calm and focused when faced with challenging situations.
• Quick thinker, with an ability to understand and interpret information promptly and effectively.
• Self-driven, motivated to help, and able to perform with minimal supervision in a team environment.

Requirements:

• Bachelor’s Degree in Accounting or Finance
• Minimum two years of experience as a Financial Analyst
• High level of proficiency with Microsoft Excel and Word

Preferred:

• CTP or MBA
• Minimum two years of experience in an accounting or financial planning role
• Treasury or Banking experience
• Experience with Microsoft Access

When will you work?

• Must be available to work Monday through Friday, 8 am - 5 pm EST

Targeted Compensation: $95,000 - $110,000 base salary + an annual bonus plan

This position is not currently open to individuals who require sponsorship now or in the future to work legally for Credit Acceptance, such as H-1b / H-4 or F-1 OPT visa holders.

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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

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.

Credit Acceptance is dedicated to providing a safe and inclusive working environment for all. As part of our Culture of Compliance, we are proud to be an Equal Opportunity Employer and value our culturally diverse workforce. All qualified applicants will receive consideration for employment regardless of the person’s age, race, color, religion, sex, gender, sexual orientation, gender identity, national origin, veteran or disability status, criminal history, or any other legally protected characteristic.

California Residents: Please click here for the California Consumer Privacy Act (CCPA) notice regarding the personal information Credit Acceptance may collect from you.

Play the video below to learn more about our Company culture.