Sr. Accountant ABS (Job Number: VCI003444)

Description

The Sr. Accountant - ABS position leads structured finance activities for VWFS’s asset-backed securitization (ABS) programs in a team-oriented environment with emphasis on analysis, documentation, and compliance.  

Role Responsibilities: 

·       Represents Structured Finance on the structuring team in the development and design of ABS programs including;

o   Review, interpret, and validate sections of the offering and legal documents.

o   Lead asset pool selection, analytics, and modeling cash flows.

o   Coordinate due diligence effort with external accountants.

o    Respond to requests and communicate with treasury, tax, legal, risk management, investment bankers, and outside legal counsel.

·       Develop specialized accounting and servicing support for ABS transactions under International accounting standards and related regulations including;

o   Asset selection and removal based on established criteria.

o   Monitor pool performance for compliance with investor triggers and regulations.

o   Assist with process procedures and documentation to comply with audit requirements/company policy

o   Assist with the review of monthly servicing reports, journal entries and supporting documentation.

o   Assist with review of monthly and annual SEC filings for public ABS transactions.

o   Coordinate annual servicing audits performed by external accountants.

·       Develop and maintain control procedures for ABS transactions under SEC Regulations.

·       Review wire requests and reconciliations for daily collections related to public ABS transactions.

·       Maintenance of ABS systems and database records.

o   Ensure quality of both import data and internal calculations

o   Create and implement internal controls for both daily and monthly data

o   Manage and monitor all program/script changes and update all related documentation

o   Work with IT to resolve any data issues or server issues, work with vendor for process issues

·       Support Treasury activities related to VWFS.

·       Review accounting ABS support schedules and financial analysis of various general ledger accounts.

·       Continuously develop knowledge base to keep current on existing and emerging issues in both accounting and 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.

Qualifications

Experience Required:

• 7+ years of professional experience, preferably in Accounting, Finance or Asset-Backed Securitization
• 4+ yrs core Accounting experience

Education Required:

• Bachelor’s degree – Accounting, Finance or Business

Desired Education:

• Master’s Degree - Accounting, Finance or Business

General Skills:

•  Professional accounting and financial analysis experience.
•  Extensive personal computer financial applications knowledge & experience.
• Treasury and/or banking experience.
• Understanding of automotive financing business.

Specialized Skills Required:

• Strong accounting background
• Knowledge of International Accounting Standards
• Systems integration/maintenance capabilities
• Securitization experience, preferably automotive

Specialized Desired Skills:

• Certified Public Accountant 

Work Flexibility:

• Some work flexibility; occasional travel, extra hours, working holidays.  

Volkswagen Group of America is an Equal Opportunity Employer. We welcome and encourage

applicants from all backgrounds, and do not discriminate based on race, sex, age, disability, sexual orientation, national

origin, religion, color, gender identity/expression, marital status, veteran status, or any other characteristics protected

by applicable laws.

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