Financial Specialist - ABS

Volkswagen   •  

Herndon, VA

Industry: Manufacturing & Automotive

  •  

5 - 7 years

Posted 44 days ago

This job is no longer available.

Support the company's hedge accounting programs including;

  • Provide analytics and accounting support in the development of hedging strategies under IFRS 9.
  • Provide data input, maintain model used by treasury used in interest rate risk management.
  • Prepare hedge accounting documentation, perform effectiveness testing and analysis.
  • Prepare accounting entries and reporting under International accounting standards.
  • Develop understanding of Treasury activities.
  • Analyze various general ledger accounts/supporting schedules and reconcile as necessary.
  • Prepare supporting schedules for the company's financial statements and footnotes.
  • Keep current on existing and emerging issues in accounting/banking to assist in meeting accounting and regulatory requirements.
  • Develop recommendations/action plans to improve processes and controls to eliminate or mitigate risks related to financing and hedging programs.

Support the company's ABS program including:

  • Assist the structuring team in the development and design of ABS programs including;
  • Review, interpret, and validate sections of the offering and legal documents.
  • Assist in asset pool selection, analytics, and modeling cash flows.
  • Respond to requests and communicate with treasury, tax, legal, risk management, investment bankers, and outside legal counsel.

Maintain and/or develop specialized accounting and servicing support for ABS transactions under International accounting standards and related regulations including:

  • Asset selection and removal based on established criteria.
  • Assist with maintenance of ABS systems and database records.
  • Monitor pool performance for compliance with investor triggers and regulations.
  • Prepare monthly servicing reports, journal entries and supporting documentation.
  • Prepare monthly and annual SEC filings for public ABS transactions.
  • Coordinate annual servicing audits performed by external accountants.
  • Develop and maintain control procedures for ABS transactions under SEC Regulations.
  • Keep current on existing and emerging issues accounting/banking to assist in meeting accounting and regulatory requirements.

Undertake special assignments including the resolution of problems and assistance in the development of new processes and support systems.

Experience:

Required

5-7 years of professional experience

  • Minimum 3-5 years professional accounting and financial analysis experience

Education:

Required

  • Bachelor's Degree in Accounting, Finance or Business

Desired

  • Master's Degree in Accounting, Finance or Business

General Skills:

  • Analytical and conceptual thinking – using logic and reason, being creative and strategic
  • Self-starter with solid organizational skills
  • Ability to work independently and effectively manage multiple priorities
  • Strong problem solving skills and attention to detail
  • Demonstrates a "can-do" positive attitude with willingness to learn and then be able to apply
  • Ability to work cooperatively with others in a team environment through joining people, processes and/or systems
  • Demonstrates assertiveness, influencing, and negotiation skills
  • Communication skills – interpersonal, presentation and written

Specialized Skills:

Required

  • Extensive personal computer financial applications knowledge & experience
  • Highly proficient in MS Excel and Word. Advanced knowledge in Excel understanding concepts of databases, PIVOT tables, filtering data, use of mathematical, logical and statistical functions

Desired

  • Certified Public Accountant
  • Treasury and/or banking experience.
  • Understanding of automotive financing business.
  • Influencing and negotiation skills
  • Resource management

Work Flexibility:

  • Minimal, 5%, travel may be required.

We are proud to be an EEO employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.

# LI-MB1




Experience:

Required

5-7 years of professional experience

  • Minimum 3-5 years professional accounting and financial analysis experience

Education:

Required

  • Bachelor's Degree in Accounting, Finance or Business

Desired

  • Master's Degree in Accounting, Finance or Business

General Skills:

  • Analytical and conceptual thinking – using logic and reason, being creative and strategic
  • Self-starter with solid organizational skills
  • Ability to work independently and effectively manage multiple priorities
  • Strong problem solving skills and attention to detail
  • Demonstrates a "can-do" positive attitude with willingness to learn and then be able to apply
  • Ability to work cooperatively with others in a team environment through joining people, processes and/or systems
  • Demonstrates assertiveness, influencing, and negotiation skills
  • Communication skills – interpersonal, presentation and written