Accounting Specialist – Securitisation in Coventry

The Accounting Specialist – Securitisation will devote most of the time to managing the end-to-end operational, reporting and accounting lifecycle of Leasys UK’s securitisation programmes. This includes middle-office activities, monthly servicer reporting, waterfall execution, cash management, portfolio replenishment, Agreed-Upon Procedures (AUP), SPV accounting, and statutory and regulatory reporting. Alongside, the role will support management accounting activities for Leasys UK legal entity, manage relevant balance sheet reconciliations, and collaborate with relevant internal and external stakeholders. The postholder will ensure that securitisation and wider finance activities are completed accurately, on time and in accordance with transaction documents, accounting standards, internal controls and governance requirements.

Bonus: 8.5%

Drivers of Success

• Accurate and timely servicer, investor and regulatory reporting
• Reliable waterfall calculations, payment instructions and cash reconciliations
• Effective replenishment, eligibility and concentration-limit controls
• Complete SPV accounting, balance-sheet reconciliations and audit evidence
• Strong governance, documented controls and timely resolution of exceptions

Middle-Office Operations and Governance

• Manage day-to-day operational activities for Leasys UK securitisation structures.
• Maintain transaction calendars, deliverables, covenant and compliance checklists.
• Coordinate with UK Finance, Treasury, Operations, Risk and Group Treasury to maintain complete and accurate data flows.
• Maintain process documentation, controls and audit trails, and support amendments, renewals and new issuances.

Servicer and Investor Reporting

• Prepare and validate monthly servicer reports, including portfolio stratifications, arrears, collections, recoveries and performance metrics.
• Reconcile servicing-system data to securitisation models, finance records and investor-reporting templates.
• Liaise with trustees, paying agents, verification agents, rating agencies and external auditors to resolve reporting queries.

Waterfall Execution, Cash Management and Replenishment

• Run monthly waterfall models in accordance with transaction documentation.
• Calculate interest and principal allocations, reserve movements, fees, triggers and credit-enhancement levels.
• Prepare payment instructions, coordinate settlement and reconcile actual cash movements to waterfall outputs.
• Support replenishment by performing eligibility tests and concentration-limit checks, preparing asset files and resolving exceptions with Operations and Risk.

Securitisation Accounting,

• Post and review monthly accounting entries for securitisation SPVs and related structures.
• Reconcile SPV ledgers, bank accounts, receivables, funding balances and intercompany positions.
• Prepare monthly and quarterly financial information and support consolidation assessments and Group reporting.

Management accounting

• Complete the relevant monthly balance-sheet and bank reconciliations for Leasys UK, investigate and resolve reconciling items and accounting or operational queries, and support associated quarterly and annual reporting.
• Carry out any other ad hoc duties as required by management.

AUP, Controls and Continuous Improvement

• Coordinate periodic AUP engagements and prepare complete data packs, loan tapes, reconciliations and supporting evidence.
• Validate inputs covering arrears, collections, recoveries, eligibility tests and waterfall outputs; investigate and resolve exceptions.
• Strengthen controls, standardise procedures and support automation or process improvements across the securitisation lifecycle.

Statutory and Regulatory Reporting

• Assist with ESMA transparency templates, STS reporting and other investor or regulatory submissions where applicable.
• Monitor compliance with transaction covenants, triggers, reporting deadlines and internal policies.
• Support year-end statutory accounts and audits under applicable UK accounting and reporting requirements.

Necessary actions to achieve deliverables

• Maintain a detailed transaction timetable and clear ownership of recurring deliverables.
• Perform robust source-to-report reconciliations and evidence all review controls.
• Investigate data, model and cash exceptions promptly and escal material issues.
• Collaborate closely with UK and Group stakeholders and external transaction parties.
• Maintain organised working papers, procedure notes and audit-ready records.

Required Knowledge and Skills

Foreign Language skills:

Fluent written and spoken English; ability to communicate clearly with UK and cross-border stakeholders.

• Degree in Accounting, Finance, Economics or a related discipline.
• Professional qualification such as ACA, ACCA or CIMA preferred; part-qualified candidates with relevant experience may be considered.
• Advanced Excel skills and confidence working with complex data sets, models and reporting templates.
• Knowledge of IFRS and UK statutory accounting; experience of SPV accounting and consolidation is advantageous.

Required experience:

• Three to six years’ experience in securitisation, structured finance, treasury middle office, financial reporting or a closely related role.
• Experience of auto leasing, consumer finance or asset-backed funding structures is preferred.
• Practical exposure to waterfall modelling, cash allocation, servicer reporting, SPV accounting or portfolio eligibility testing.
• Experience working with trustees, paying agents, rating agencies, verification agents or external auditors is advantageous.
• Familiarity with AUP engagements and audit evidence requirements.

Technical Skills and Personal characteristics:

• Strong analytical, numerical and problem-solving capability.
• High attention to detail and a disciplined approach to reconciliations and controls.
• Ability to interpret transaction documents and translate requirements into repeatable processes.
• Clear written and verbal communication with internal and external stakeholders.

Proactive, organised and comfortable taking owners

Data Privacy

By submitting your CV, you acknowledge that Leasys will retain your personal information for up to 12 months for the purpose of considering you for relevant future opportunities. Your information will be handled in accordance with our Candidate Privacy Notice and applicable data protection requirements. Your details will be deleted at the end of the 12-month retention period in line with our data retention processes, unless there is a lawful reason to retain them for longer.

Stellantis is proud to be an equal opportunity employer. We are committed to equal employment opportunity and equal pay regardless of race, colour, religion, sex, national origin, sexual orientation, disability, or gender identity. Stellantis are also accredited with the Defence Employer Recognition Scheme (ERS) Gold Award, that recognises organisations that pledge, demonstrate or advocate support to the armed forces community. Service Personnel and their families are therefore encouraged to apply. Please contact our recruitment team if you would like to discuss anything further or if you require any form of reasonable adjustments for any part of the recruitment process.hip across competing deadlines. Able to identify issues, challenge data constructively and escal risks prompted.

#J-18808-Ljbffr