Structured Finance Accountant

Full time, permanent contract

Closing date: 31st January

Milton Keynes - Hybrid

Salary and Benefits: Salary starting from £46,237 – Company Car Scheme, Annual Bonus Scheme, generous Pension Plan, Private Medical Insurance, 27 days Holiday plus bank holidays and so much more.

We are looking for an experienced individual to join our Finance team. This is a specialist role which supports the Treasury & Structured Finance Manager in delivering the company’s successful Structured Finance Programme, providing a secure and diverse funding strategy that supports the company’s growth ambitions.

You will play a key part in the coordination of all internal and external activities in relation to any new and existing structured finance initiatives managing task allocation, transaction modelling, legal document review and regular internal and head office communication.

• Developing the capital structure for new Asset-Backed Securities (ABS) transactions, ensuring documentation accurately reflects the structure and transactions are structured cost-effectively.
• Support technical modelling for ABS transactions, including trigger level calibration, portfolio development forecasts, and performance predictions using internal models.
• Develop and manage loss, cash flow, interest compensation, and Electric Vehicle/Battery Electric Vehicle (EV/BEV) forecasts, providing explanations and recommendations for trends and developments.
• Assist with credit rating agency processes by preparing, reviewing, reconciling, and distributing data packs, such as vintage loss curves and delinquency reports. Communicate with business areas to provide further details and explanations to rating agencies, banks, and investors.
• Update and validate the headroom model to maintain sufficient assets for existing ABS transactions. This model incorporates new business assumptions, amortization and prepayment assumptions, and validation of the managed book. Summarize findings for the executive board.
• Ensure consistency in ABS transaction documentation, internal deal comparisons, and communications by comparing and standardizing documentation, updating question logs, and driving necessary changes.
• Investigate and respond to inquiries from investors, banks, and rating agencies, providing detailed analyses and explanations both verbally and in writing.
• Coordinate responses to Know Your Customer (KYC) requests from investors, banks, and suppliers with relevant internal stakeholders.

• Qualified Accountant (ACCA/CIMA)
• Advanced MS Access and Excel skills
• Demonstrable, excellent analytical approach supported by strong statistical skills
• Experience of managing relationships with multiple stakeholders
• A strong team player with good interpersonal skills
• Motivated by new challenges and a willingness to take ownership of tasks with varying degrees of complexity
• A proactive approach with the ability to react appropriately and effectively to changing circumstances and demands
• Ability to work flexibly under pressure in order to meet strict deadlines
• Dynamic and creative approach to problem solving

Our mission is straightforward, 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, 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.