Chief Accounting Officer
Elevex Capital · Westlake, OH
Apply & track with Apply EdgePlease note: We are not accepting unsolicited resumes or candidate submissions from staffing agencies or recruiters for this position.Opportunity Summary: Elevex Capital is an independent equipment finance company built to serve businesses whose financing needs sit outside the appetite of traditional bank lenders. The company provides leasing and lending solutions across a range of industries, combining disciplined underwriting with a flexible, relationship-driven approach to structuring transactions.As Elevex Capital scales its balance sheet and diversifies its funding base – including warehouse facilities, forward flow arrangements, and eventual securitization – the accounting function must keep pace with increasingly sophisticated products and reporting obligations. Lenders, institutional funding partners, and the company's own leadership depend on accurate, timely, and well-controlled financial information to support continued growth.This is a rare opportunity for an accounting executive to build and own the accounting infrastructure of a growing, independent specialty finance platform – shaping policy, systems, and team from a position of real influence rather than inheriting a fully built function.Position Overview:Reporting to the Chief Executive Officer, the Chief Accounting Officer (“CAO”) will be the senior executive responsible for the integrity of Elevex Capital's financial statements, accounting policy, and internal control environment. The CAO will own the technical accounting agenda unique to equipment finance – lease classification, residual value accounting, credit loss reserving, and funding facility accounting – while leading the day-to-day operations of the accounting organization.The CAO's mandate will span two related priorities. The first is building and maintaining a rigorous, audit-ready accounting close process and control environment capable of supporting a growing portfolio and an expanding set of funding relationships. The second is technical partnership: working closely with Treasury, Capital Markets, and Risk to ensure that new products, deal structures, and funding vehicles receive sound accounting treatment before they reach the balance sheet.Over time, the CAO will be expected to scale the accounting team in step with portfolio growth, deepen the company's readiness for more complex funding structures such as term securitizations, and serve as a trusted advisor to the CEO and executive team on the accounting implications of strategic decisions. Responsibilities:Own preparation and integrity of monthly, quarterly, and annual financial statements in accordance with U.S. GAAPDirect lease classification analysis under ASC 842, and related lessor accounting judgments across the portfolioOversee residual value accounting, impairment testing, and end-of-term or remarketing gain/loss recognitionOwn the current expected credit loss (CECL) methodology under ASC 326, including reserve modeling assumptions, portfolio segmentation, and disclosuresMaintain accounting policy for equipment finance-specific areas, including unearned income and rate accretion, initial direct costs, sales-leaseback transactions, and vendor or dealer programsOwn and develop the financial reporting framework with an active mandate to create accurate, digestible and actionable reporting to executive management, current and potential investors, current and potential lenders, ratings agencies and other stakeholdersSupport due diligence for capital raises, credit facility renewals, and potential M&A activityPartner with Treasury and Finance in the annual budgeting process from start to finish and establish regular budget to actual reporting with key insights summarized for stakeholdersDrive continuous process improvement to speed close times, automate manual / repetitive tasks and create scalable processesPartner with Treasury and Capital Markets on accounting treatment for warehouse facilities, term securitizations, and forward flow agreements, including sale-versus-financing determinations and VIE consolidation analysis under ASC 810Maintain a strong internal control environment and serve as primary liaison to external auditors and lender-required reportingLead the company's SOC readiness and certificationsEvaluate current systems for adequacy to scale and if required, evaluate alternatives and lead the transition and implementation of new GL systemManage relationships with tax advisors on income tax provision and personal property or sales/use tax compliance across jurisdictionsAdvise the CEO and executive team on the accounting implications of new products, deal structures, and strategic initiatives Qualifications:The ideal candidate is an experienced accounting executive with a track record in equipment finance, specialty finance, or another asset-based lending environment. In addition to relevant professional experience, the CAO should be comfortable building and scaling a function, and should bring the following:Bachelor's degree in Accounting or Finance required; CPA required12+ years of progressive accounting experience, including significant exposure to lease or equipment finance accounting, specialty finance, or asset-based lendingWorking knowledge of ASC 842 (leases), ASC 326 (CECL), and ASC 810 (consolidation/VIE) strongly preferredExperience with securitization or warehouse facility accounting at a non-bank lender or independent finance company highly preferredPublic accounting background (Big 4 or national firm) combined with industry experience preferredA pragmatic, hands-on approach paired with the judgment to operate independently in a growing, entrepreneurial environmentDemonstrated experience managing external audits and building or scaling an accounting functionProven people leadership skills, with experience building and mentoring accounting teamsExcellent communication skills, with the ability to translate technical accounting matters for non-accountant executives, lenders, and board membersSuccess Measures:Deliver accurate, audit-ready financial statements on a reliable monthly, quarterly, and annual cadence, with no material audit adjustmentsShorten and stabilize the monthly close while building a close process that scales with portfolio and funding growthLeverage the full capabilities of existing platforms and implement alternatives to deploy technology into a scalable advantageMaintain a strong internal control environment that supports clean external audits and successful SOC readiness and certificationProvide clear, decision-useful reporting that meets the needs of executive management, investors, lenders, and ratings agenciesPartner with Treasury and Capital Markets so new products and funding structures receive correct accounting treatment before they reach the balance sheetOwn an accurate annual budget and dependable budget-to-actual reporting that informs executive and strategic decisionsBuild, develop, and train the accounting team that keeps pace with portfolio growth and increasing product complexity