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- Tasks: Prepare financial accounts and regulatory reports for VW Bank UK Branch.
- Company: Join Volkswagen Financial Services, a leader in innovative mobility solutions.
- Benefits: Enjoy a competitive salary, bonus, pension contributions, and extensive benefits from day one.
- Other info: Flexible hybrid working and opportunities for professional development await you.
- Why this job: Make a real impact in finance while developing your skills in a supportive environment.
- Qualifications: Qualified Accountant with experience in IFRS and German GAAP.
The predicted salary is between 39000 - 39000 £ per year.
About the Role
Salary: From £39,000 pa dependent on experience
Location: Milton Keynes
Hybrid Working: Our current hybrid working policy requires a minimum of 60% of working time to be based in the Milton Keynes office; however, flexibility is expected to meet the needs of the business and the role.
Hours / Contract Type: Part time FTC, 32 hours per week, ending 31/12/27
Closing Date: 28/05/26. We reserve the right to close the advert earlier if we receive a high volume of applications.
We’re looking for a Financial Accountant. In this role you will play a key role in supporting the financial control and regulatory framework of the organisation. You will be responsible for producing accurate and comprehensive supporting schedules for the monthly management accounts and regulatory submissions for Volkswagen Bank GmbH UK Branch.
What you’ll be doing
- Prepare monthly management accounts, disclosure information, and variance analysis for VW Bank UK Branch in accordance with IFRS and German GAAP, up to management review.
- Analyse, reconcile, and investigate balance sheet and P&L positions to ensure accuracy and completeness, proposing correcting entries where required.
- Produce regulatory reports for VW Bank UK Branch for submission to HQ, including liquidity, solvency and deposit guarantee reporting.
- Review and update all regulatory submissions to reflect changes required by the regulator, HQ, or the Bank team.
- Prepare regulatory and statutory submissions for VWFS UK Ltd. to the Financial Conduct Authority (FCA) and the Office for National Statistics (ONS).
- Ensure all intercompany balances are accurately accounted for, reconciled, and reported each month, including preparation of the monthly Intercompany Pack for management review.
- Complete VAT schedules accurately for review by the Tax Team, resolve queries collaboratively, implement VAT changes (including updates to the online tax tool), and support timely VAT return submissions.
Essential experience & skills
- Qualified Accountant (ACCA, CIMA or ACA).
- Experience preparing accounts under both IFRS and German GAAP.
- Strong ability to work with large and diverse data sets, consolidating information into accurate final submissions.
- Proven experience managing relationships with multiple stakeholders across the business.
- Solid technical accounting knowledge, including exposure to regulatory reporting and taxation.
- Proficient in Microsoft Office applications, with strong Excel skills.
- Working knowledge of SAP FI is preferred.
Benefits
- Bonus: Discretionary 10% on‑target bonus (based on personal and Group company performance)
- Pension: Employer pension contribution of 9% (based on employee contribution of 3%). VWFS will pay 6% if employee chooses a 2% employee contribution.
- Car schemes: Choice of Employee Car Ownership (ECO) scheme for petrol/diesel and hybrid vehicles plus car insurance. Company Car scheme for Battery Electric Vehicles (BEVs) plus car insurance cover for you and a partner/eligible family member.
- Other benefits: From day 1 we provide income protection, life assurance (4× salary), retail discount vouchers, access to Care Concierge (a service to support carers of adults), along with other salary sacrifice options including a will writing service and cycle to work (subject to scheme restrictions).
- Following successful completion of probation, you will have access to private medical insurance for you (with the option to buy additional family cover), access to our loan car scheme for up to 2 cars for your partner or eligible family members (subject to scheme restrictions) and during our annual benefit window you can purchase critical illness cover and dental cover, so you can select the benefits that matter to you.
- We invest in our people and are passionate about driving development. You'll have access to LinkedIn Learning via our Degreed platform as well as a host of professional development programmes and opportunities to build your technical and soft skills so you can further develop your career. We also offer mentoring schemes and reciprocal partnerships recognising that we can all learn from each other in the flow of work.
About Us
Why join VWFS UK? You’ll have the opportunity to make a difference by helping us to achieve our mission. Our mission is straight forward; we want to be 'The Key to Mobility'. That means we 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.
No candidate will meet every single desired qualification. If your experience looks a little different from what we’ve identified and you think you can bring value to the role, we’d love to learn more about you!
VWFS is proud to be an inclusive employer and encourages applications from a diverse range of candidates. Diversity, Equity & Inclusion isn’t just a statement for us; we encourage and aspire for all our colleagues to be their 100% self. If you need any reasonable adjustments to assist you with the application and/or recruitment processes, please contact our Resourcing Team.
This role does not meet the UKVI’s criteria for the skilled worker sponsorship route, therefore we are unable to accept candidates requiring sponsorship for this role.
Financial Accountant - Bank in Milton Keynes employer: VWFS
Contact Detail:
VWFS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Accountant - Bank in Milton Keynes
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work at VWFS or similar companies. A friendly chat can sometimes lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for the interview by brushing up on your IFRS and German GAAP knowledge. We want you to feel confident discussing your experience with financial reporting and regulatory submissions, so practice common interview questions related to these topics.
✨Tip Number 3
Showcase your Excel skills! Create a portfolio of your past work that highlights your ability to analyse large data sets and produce accurate reports. This will give you an edge when discussing your technical abilities during interviews.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Financial Accountant - Bank in Milton Keynes
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Financial Accountant role. Highlight your experience with IFRS and German GAAP, and don’t forget to showcase your strong Excel skills. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role at VWFS UK. Share specific examples of your past experiences that relate to the job description, and let your personality come through.
Showcase Your Technical Skills: Since this role involves a lot of technical accounting work, make sure to highlight your solid technical knowledge and any experience with SAP FI. We love seeing candidates who can handle large data sets and produce accurate reports!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at VWFS UK!
How to prepare for a job interview at VWFS
✨Know Your Numbers
As a Financial Accountant, you'll be dealing with figures all day long. Brush up on your knowledge of IFRS and German GAAP before the interview. Be ready to discuss how you've applied these standards in your previous roles, especially when preparing management accounts or regulatory submissions.
✨Showcase Your Stakeholder Skills
This role requires managing relationships with multiple stakeholders. Think of examples where you've successfully collaborated with different teams or departments. Prepare to share how you navigated challenges and maintained strong communication to achieve financial goals.
✨Excel at Excel
Strong Excel skills are a must for this position. Familiarise yourself with advanced functions and data analysis techniques. During the interview, you might be asked about your experience with large data sets, so be ready to explain how you've used Excel to streamline processes or improve accuracy.
✨Prepare for Regulatory Questions
Since you'll be producing regulatory reports, it's crucial to understand the requirements of the FCA and ONS. Research common regulatory challenges faced by financial institutions and think about how you've tackled similar issues in the past. This will show your proactive approach and readiness for the role.