Director of Financial Operations

Company Description:

Pacific Rim Capital, Inc. (PRC) continues to grow. To fuel our growth and optimize our finance operations, we are looking for exceptional Director of Financial Operations ready to take their career to the next level professionally.

PRC is the largest independent lessor of Material Handling Equipment in North America. PRC has recently announced a partnership with Fuyo General Lease Co., LTD. With the partnership, we are poised to accelerate our market share, portfolio offering, and global expansion.

The Director of Financial Operations position is based out of our corporate office located in Irvine, CA. This position reports directly to the Chief Operating Officer.

Position Summary:

The Director of Financial Operations is responsible for continual improvement and quality control in the lease accounting revenue cycle. This role is responsible for streamlining the accounts receivables management process for billing and collecting rent from active leases and accounting for equipment changes after a lease’s maturity date; including asset returns, equipment purchases by lessee, and equipment retained on the matured lease or renewed lease.

The priorities for the Director of Financial Operations include process documentation, employee training and coaching, measuring employee performance and improving productivity, eliminating rework by minimizing errors, creating efficiencies by eliminating redundancy, reducing the risk of payment delays, alleviating bottlenecks and preventing interruptions and delays in billing.

Director of Financial Operations will oversee the full revenue cycle of a lease which involves: (1) obtaining a valid purchase order (2) recording equipment deliveries into inventory (3) adding the assets to a lease (4) billing monthly rent (5) collecting payment for lease rentals (6) accounting for changes after lease maturity (7) removing equipment from a lease.

Primary Responsibilities:

• Work with lessee’s to minimize administrative burden relating to payment processing to ensure an uninterrupted lease payment stream.
• Maintains a system for tracking and obtaining purchase orders and ensuring valid purchase orders are received from the lessee’s procurement division and in accordance with lease agreements.
• Supervises employees to ensure procedures are consistently followed
• Instills quality control measures and communicates discrepancies to be corrected by appropriate team members early in the receivables process
  
• Coordinates the testing of system enhancements pertaining to accounting software and related features.
• Participates in meetings with team members and with customers
• Investigates to find root cause for payment delays and collaborates with internal and external stakeholders to find resolution
• Provides feedback to banking partners regarding lessee account balances
• Prepares internal management reports including trend analysis and KPIs Qualifications

Required Skills and Abilities:

• Oversee and support the Financial Operations team with dynamic leadership that creates an environment of trust and productivity.
• Must be a working manager, capable of operating in a fast-paced environment, able to handle pressure well, be self-motivated and detail oriented.
• Excellent analytical and problem-solving skills, critical thinking and attention to detail.
• Intellectual curiosity and a desire to learn about the business.
• Demonstrated ability to identify opportunities for improvement and drive change.
• Excellent communication and interpersonal skills, ability to interface effectively across all levels within the organization and across functions.
• Excellent organizational skills and ability to manage multiple tasks and projects while delivering accurate results in a timely manner.
• Flexibility and adaptability, ability to manage in dynamic business environment with a strong sense of urgency.
• Infallible integrity and ethical standards.
• Proven track record in adding value to companies and executive staff.
• Advance Microsoft Office Skills, most importantly Excel.

Experience and Education Requirements:

• 4-year bachelor’s degree required
• MBA, CPA or CMA is a plus
• 3-5 years Director level experience is a plus
• Advanced excel experience required
• Enterprise level ERP experience required
• Spanish/English Bilingual a plus

Compensation, Benefits and Perks:

• Salary competitive and negotiable based on skill level and experience of candidate
• Benefits include Medical, Dental, Vision, Life Insurance, 401(k) with match
• Paid holidays and accrued PTO
• Free snacks, team building events and celebrations, and opportunity to join our culture committee
• Beautiful Irvine office space with sit/stand desks and bright, open work environment