Assistant Structured Finance Operations Accountant

Full Time, Permanent

Milton Keynes - Hybrid

Closing Date: 9th January 2025

An exciting opportunity has arisen for an Assistant Structured Finance Operations Accountant to join our Finance team here at Volkswagen Financial Services UK ("VWFS") and support in delivering our successful UK and European Asset-Backed Security ("ABS") Programmes. This is an important and rewarding role as the ABS Programmes ensure we and our European markets have the funding needed to operate, and ultimately supports our longer-term growth ambitions.

You will be working in a reporting focused role where experience working with data and being analytical is key. You will be responsible for completing monthly Investor Reports for external Investors, Rating Agencies & our Headquarters in Germany, working to tight deadlines. You will also ensure the appropriate accounting treatment, systems, and processes, are understood and in place for the impending regulatory and accounting developments relating to Structured Finance.

Here's what the line manager, Jamie, had to say:
"This is an incredibly important and rewarding role that plays a crucial part in the business' success. You'll work alongside a great team where everyone is supportive of each other and pulls together to get the job done. You will also get great exposure to not only the UK market, but other European markets, so there is plenty to learn, and lots of development opportunities".

This is what you could be doing:

• Accurate production of all tasks related to the completion of the monthly UK and European markets Investor Reports to tight timelines
• Ensure all monthly legal documents and payment requests are accurately produced, signed and issued
• Monitor pool performance / ABS deal KPIs and communicate issues / trends with the relevant business stakeholders
• Respond to investor queries and provide detailed analysis and explanation
• Complete monthly Bank of England (BoE) & European Securities and Markets Authority (ESMA) reporting, as well as other monthly regulatory & analytical portfolio schedules
• Prepare the monthly & annual accounting posting / reconciliations for inclusion within the VWFS accounts while ensuring the correct accounting treatment is followed for the ABS transaction
• Ensure the integrity of the ABS data, including all data feeds through to completion of the relevant reconciliations
• You will liaise with external auditors (UK, Luxemburg, & Germany) on activities performed within the team and for the SPV's annual audits and accounts preparation.

This is what you will bring to the role:

• Excellent knowledge of Microsoft Excel
• Financial Services experience, with an awareness of Structured Finance Transactions (Discounted Cash Flows)
• A good understanding of IFRS would be useful with some progression in an Accounting or Financial qualification such as ACA/ACCA or CIMA being beneficial.
• Experience and knowledge of process management and continuous improvement
• Portfolio analysis experience
• Ability to work under pressure in order to meet strict deadlines
• Team player with good interpersonal skills
• Strong analytical skills with the ability to identify, understand and explain financial data
• Good self-organisation with a proven methodical and disciplined approach to work
• Strong sense of work ownership, integrity and confidence to challenge existing processes and views

About Volkswagen Financial Services

Our mission is straight forward, we want to be 'The Key to Mobility'. What does that mean? To make getting from A-to-B as easy and simple for as many people as possible. To truly meet the mobility needs of people in a changing world, our offering goes beyond traditional vehicle financing. We do this by providing a range of finance and aftersales products on Volkswagen Group vehicles, as well as developing innovative mobility products designed to solve real problems and support our customers.

Volkswagen Financial Services is committed to being an inclusive employer and we welcome applications from everyone. Diversity and Inclusion is not just a statement for us and we are nurturing an environment where everyone can be their 100% self. If there is anything we can do to support you being your 100% self during our recruitment process, please let us know and we will support you as best we can.