Loan Accounting Manager

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!

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.
• Journal Entries: Review monthly general ledger journal entries for accuracy by scheduled deadlines.Expectations include:
  • Ensuring that we maintain adequate supporting documentation for journal entries.
  • Researching, interpreting, and implementing the appropriate accounting policies and procedures for new products and services or changes to existing products and services.
• Financial Statement Analytics: Review and/or prepare analytic explanations for general ledger account and financial statement line-item variances by scheduled deadlines. Expectations include:
  • Ensuring that explanations are clear, concise, and accurate.
  • Implementing modifications and enhancements as identified or directed.
• General Ledger Account Reconciliations: Review monthly general ledger account reconciliations for accuracy by scheduled deadlines. Ensure that we maintain adequate supporting documentation for reconciling items.
• Loan Accounting Models and Databases: Ensure that complex loan accounting models and databases operate efficiently and reliably. Expectations include:
  • Implementing modifications and enhancements as identified or directed.
  • Developing complex programming to extract and manage data.
  • Ensuring data quality and verifying functionality.

• Internal Financial Reporting: Ensure that accurate monthly internal financial reports are prepared and distributed by scheduled deadlines. Expectations include implementing modifications and enhancements as identified or directed.
• Internal Controls: Ensure that internal controls in areas of responsibility are designed and operated effectively. Expectations include:
  • Maintaining accurate written policies, written procedures, and flowcharts.
  • Completing quarterly self-assessments by scheduled deadlines.
• Supporting Schedules: Ensure that accurate financial statement supporting schedules are prepared by scheduled deadlines.
• Organizational Health: Actively monitor, maintain, and, as necessary, improve the controllable dimensions of organizational health (right people, right number, organizational design, clear expectations, training & development, performance management, measurement, incentive plans, right environment, tools).

Knowledge and Skills:

• Experience researching accounting issues and interpreting U.S. GAAP.
• Experience writing financial analytics for executive-level users.
• Experience designing and implementing process improvements.
• Proficiency with MS Excel.
• Proficiency with MS Access.

Requirements:

• Bachelor's degree in accounting.
• 5 years of related finance and accounting experience.
• 2 years of supervisory, project management, or other leadership experience.

Preferred:

• Master's degree in accounting or finance.
• Certified Public Accountant or equivalent (i.e., Chartered Accountant).
• Experience managing a professional-level team.
• Experience in the Financial Services industry.
• Accounting experience from a large national or regional CPA firm.

Targeted Compensation: $125,000 - $150,000 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

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.

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.