Financial Specialist - ABS

Positions Specifications

Job Function: Associate
Company: VW Credit
Company Website:
Position Location: Herndon, VA

Job Description:

General Overview

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.  

Key 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.

Required Skills
  • 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.
  • Communication skills
  • Problem solving and analytical skills
  • Conceptual thinking skills
  • Integration – joining people, processes or systems
  • Influencing and negotiation skills
  • Resource management

Qualifications and Requirements

Professional & Educational Requirements
  • Bachelor’s degree in accounting, finance, or business.
  • Master’s degree in accounting, finance, or business is desired
  • Certified Public Accountant is a plus

How to Apply

Click Here to Apply Now!

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