VW Credit Job - 31155487 | CareerArc
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Company: VW Credit
Location: Herndon, VA
Career Level: Associate
Industries: Automotive, Motor Vehicle, Dealers


Role Summary:

We are seeking a dedicated and detail oriented Accounting Specialist to join our growing team. This position ensures proper execution of corporate accounting related functions (transactions, entries, reporting and maintenance) for VW Credit and its subsidiaries. All of this done in accordance with International Financial Reporting Standards (IFRS) and the VW Group Accounting Handbook, in order to support year-end financial processes, as well as adhere to internal and external audit requirements.   The Accounting Specialist needs to be able to perform complex and in-depth analysis and research, and act with significant latitude for un-reviewed action with work including, but not limited to the enhancement of internal controls and key control documentation. The position will also assist the Accounting Supervisor in analyzing financial information, conducting trend analysis, summarizing financial status and other ad hoc tasks. The work environment provides the opportunity for independent initiative and judgment to improve accounting processes, procedures, and financial reporting. This position will have frequent interaction with German HQ and other areas of the business such as Controlling, Risk, Tax, Structure Financed, Service Center Accounting, Treasury, VW and Audi Brands.   Role Responsibilities: We will expect you to prepare:
  • Monthly financial statements for VCI and subsidiaries according to IFRS and be responsibilities for related month end activities
  • Monthly Consolidated financial statements and related disclosure for submission to HQ according to IFRS
  • Monthly financial reporting related to impairment for Risk Department
  • Monthly reconciliations, research and resolve outstanding issues with other departments
  • Year-end Statutory Financial statements, footnotes, and disclosures.
  We will expect you to analyze:
  • Monthly performance and major variances and provide to HQ for related questions
  • And apply new accounting standards as applicable
  • The financial statements, report on variances and resolve outstanding issues with other departments
  • Major deviations from budget/forecast in collaboration with the Controlling Department
  We will expect you to assist and support:
  • In the development and maintenance of financial control procedures for financial reporting under IFRS guidelines
  • Internal and external audits with regard to control testing, account verifications, external confirmations, and other related projects
  • The manager and other team members with various ad hoc projects
  Other responsibilities include:
  • Recommending, developing, and maintaining the general ledger chart of accounts and cost centers ensuring that transactions are disclosed properly
  • Suggesting changes in processes and procedures



Required Experience:

5-7 years of professional experience in:

  • Financial analysis
  • Financial reporting
  • Financial services or consumer finance
  Education: Required
  • Bachelor's Degree in Accounting or Finance
  • Master's Degree in Accounting or Finance
  General Skills:
  • Analytical and conceptual thinking – using logic and reason, being creative and strategic
  • Self-starter with solid organizational skills
  • Ability to work independently and effectively manage multiple priorities
  • Strong problem solving skills and attention to detail
  • Demonstrates a “can-do” positive attitude with willingness to learn and then be able to apply
  • Ability to work cooperatively with others in a team environment through joining people, processes and/or systems
  • Demonstrates assertiveness, influencing, and negotiation skills
  • Communication skills – interpersonal, presentation and written
  • Highly proficient in MS Excel and Word. Advanced knowledge in Excel understanding concepts of databases, PIVOT tables, filtering data, use of mathematical, logical and statistical functions

Specialized Skills:

  • Knowledge of captive insurance accounting and applicable regulations

  • Preferred – proven expertise specific to accounting for Vehicle Service Contracts and other vehicle protection products (GAP insurance, Lease Excess Wear charge waivers, Tire and Wheel Protection, etc.

  • Understanding of Financial Reporting Standards (IFRS)and financial reporting principles in a multi-entity environment (OEM/Obligor/Captive Insurance structures)
  • Microsoft Office advanced level; Excel, Access
  • Strong oral and written communications are necessary, ability to communicate with others on important, complex and non-routine issues

  • Working knowledge of internal controls, business processes and experience in developing accounting policies

  • Understanding of accounting for financial services products (Finance Lease, Operating Lease, Retail financing) under IFRS

  • CPA designation
  Work Flexibility:
  • Minimal, 5%, travel may be required.
  • During month/quarter/year-end closing and when preparing the annual financial statements, long hours may be necessary

We are proud to be an EEO employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.




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