Senior Monthly Incentive Compensation Financial Analyst

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 Monthly Incentive Compensation team develops and monitors hourly incentive compensation plans, within our operational teams, consistent with our company philosophy and guiding principles.

Outcomes and Activities:

• This position will work from home; occasional planned travel to an assigned Southfield, Michigan office location may be required. However, this position is permitted to work at a Southfield, Michigan office location if requested by the team member.
• Collaborate with departmental leadership on a quarterly basis to set incentive plan thresholds and payout amounts that are consistent with the company compensation philosophy and monthly compensation guiding principles
• Forecast incentive plan drivers/attributes by analyzing historical results and determine the impact that any changes in Company strategies might have on the forecasted incentive plan performance
• Provide monthly incentive plan reporting/tracking by agreed upon due dates
• Identify and recommend opportunities for improvement within incentive plans and forecasting models
• Review incentive plan results regularly and investigate the drivers of any variances to forecast
• Assist in the completion of monthly actuals to forecast reporting by the 5th business day each month
• Ad Hoc Requests/Special Projects - provide moderate to complex ad hoc financial analysis as required by the business owners

Knowledge and Skills:

• Be positive, professional, determined, calm and focused when faced with challenging situations
• Be a quick thinker, with an ability to understand and analyze information promptly and effectively
• Ability to convey complex information in a timely and easily understood manner throughout all levels of the organization
• Ability to analyze information to identify new ideas that will improve our ability to understand performance results that are related to monthly incentive compensation
• Excellent written and verbal communications skills and be able to communicate effectively to all levels within the organization
• Ability to write clear and concise variance explanation notes
• Ability to multi-task and prioritize multiple requests
• Demonstrate initiative by being proactive in work duties and making recommendations as opportunities arise
• Be organized and capable of meeting all deadlines
• Be self-driven, motivated to help, and able to perform with minimal supervision
• Possess high level of accuracy, attention to detail, strong sense of urgency and ownership
• Be receptive to ongoing feedback aimed at improving your overall performance

Requirements:

• Bachelor’s Degree (Business, Finance, or related field preferred)
• Advanced level of proficiency with Excel
• Minimum 4 years’ experience in an analyst role
• Experience presenting to and communicating with Senior Management
• Experience analyzing data patterns and trends, with a focus on creating forecasts and operational models/analysis. 

Targeted Compensation: $92,300 - $107,000 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.