Financial Specialist - ABS

Employer
Volkswagen Group of America
Location
Herndon, VA
Posted
Jun 19, 2017
Closes
Jul 03, 2017
Function
Finance
Hours
Full Time
Role Summary:The position supports VCI's asset-backed securitization (ABS) programs, debt financing, and derivatives portfolios in a team-oriented environment with emphasis on analysis, documentation, and compliance. Role Responsibilities: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.Coordinate due diligence effort with external accountants.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 US/Canadian/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.Prepare wire requests and reconciliations for daily collections related to public ABS transactions and the Like Kind Exchange program.Support the company's hedge accounting programs including;Provide analytics and accounting support in the development of hedging strategies.Provide data input and maintain model used by treasury in interest rate risk management.Prepare hedge accounting documentation, perform effectiveness testing and analysis.Prepare accounting entries and reporting under US/Canadian/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.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.Develop recommendations and action plans to improve processes and controls to eliminate or mitigate risks related to the company's financing and hedging programs.Undertake special assignments including the resolution of problems and assistance in the development of new processes and support systems.Experience:3-5 years professional accounting & financial analysis experience Understanding of automotive financing business. Treasury and/or banking experience.Extensive personal computer financial applications knowledge & experience.Required Education:Bachelor's degree in accounting, finance, or business.Desired Education:Master's degree in accounting, finance, or business.Required Skills:Communication skillsProblem solving skillsAnalytical skillsConceptual thinking skillsIntegration - joining people, processes or systemsDesired Skills:Certified Public AccountantInfluencing and negotiation skillsResource managementWork Flexibility:Some work flexibility; occasional travel, extra hours, working holidays. 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