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- Tasks: Join our Finance team to support UK and European Asset-Backed Security Programmes.
- Company: Volkswagen Financial Services aims to simplify mobility for everyone.
- Benefits: Enjoy a hybrid work model and a supportive team environment.
- Why this job: Gain exposure to international markets and develop your analytical skills.
- Qualifications: Strong Excel skills and some financial services experience are essential.
- Other info: We value diversity and inclusion, welcoming applications from all backgrounds.
The predicted salary is between 28800 - 43200 £ per year.
Assistant Structured Finance Operations Accountant – Milton Keynes
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.
Assistant Structured Finance Operations Accountant - Milton Keynes employer: Volkswagen Financial Services (UK) Limited
Contact Detail:
Volkswagen Financial Services (UK) Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Structured Finance Operations Accountant - Milton Keynes
✨Tip Number 1
Familiarize yourself with the key responsibilities of the role, especially around producing monthly Investor Reports. Understanding the specific metrics and KPIs related to Asset-Backed Securities will help you speak confidently about your ability to meet tight deadlines.
✨Tip Number 2
Brush up on your knowledge of IFRS and Structured Finance Transactions. Being able to discuss these topics in detail during your interview will demonstrate your preparedness and understanding of the financial landscape relevant to the position.
✨Tip Number 3
Highlight any experience you have with data analysis and process management. The role requires strong analytical skills, so be ready to provide examples of how you've successfully managed data and improved processes in previous positions.
✨Tip Number 4
Showcase your teamwork and interpersonal skills. Since the role involves liaising with various stakeholders, being able to communicate effectively and work collaboratively will be crucial. Prepare anecdotes that illustrate your ability to work well in a team environment.
We think you need these skills to ace Assistant Structured Finance Operations Accountant - Milton Keynes
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description and understand the key responsibilities and requirements. Highlight your relevant experience in structured finance and data analysis in your application.
Tailor Your CV: Customize your CV to reflect the skills and experiences that align with the role. Emphasize your proficiency in Microsoft Excel, financial services experience, and any relevant qualifications like ACA/ACCA or CIMA.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your enthusiasm for the position and the company. Mention specific examples of how your background and skills make you a great fit for the Assistant Structured Finance Operations Accountant role.
Highlight Teamwork and Analytical Skills: In your application, emphasize your ability to work under pressure, your strong analytical skills, and your experience in process management. These are crucial for the role and will help you stand out.
How to prepare for a job interview at Volkswagen Financial Services (UK) Limited
✨Show Your Analytical Skills
Since this role requires strong analytical skills, be prepared to discuss your experience with data analysis. Bring examples of how you've used Excel or other tools to analyze financial data and make informed decisions.
✨Understand Structured Finance
Familiarize yourself with structured finance transactions, particularly Discounted Cash Flows. Be ready to explain your understanding and any relevant experience you have in this area during the interview.
✨Demonstrate Team Collaboration
This position emphasizes teamwork. Share examples of how you've successfully collaborated with others in previous roles, especially in high-pressure situations where deadlines were tight.
✨Prepare for Regulatory Questions
Given the focus on compliance and regulatory reporting, brush up on IFRS and any relevant regulations. Be prepared to discuss how you've ensured compliance in past roles and how you would approach it in this position.
