NEWPORT BEACH, Calif. — Flex Fund Financial Services, a provider of used-car inventory financing for both new- and used-car dealers, announced it is searching for a new vice president of operations.

According to executives, the new position is designed to help the company continue to develop its growing floor planning business. Flex Fund retained Hudson Management Search to assist in conducting the nationwide search.

"The vice president of operations will be responsible for managing and executing the company's operations as an inventory financing institution," explained Cliff James, Flex Fund's chief executive officer.

"Our ideal candidate will have both technical knowledge and hands-on experience in automotive floor plan origination and underwriting, credit analysis, loan servicing, documentation and risk management," he continued.

The company said it's seeking candidates with seven or more years of experience, preferably in the auto floor plan business.

"Our leaders are seasoned automotive industry veterans with more than 110 years of collective industry experience. We look forward to adding the right candidate's new knowledge and history to our established expertise in the used car and salvage business," James added.

The company said it will offer the new vice president competitive salary, full benefits and stock options. The new position will be based in the company's headquarters at Yorba Linda, Calif.

Flex Fund invites qualified applicants to view the vice president of operations job description at www.monster.com, or submit a resume to Bill Kullback, senior vice president and chief financial officer at [email protected].