Sr. Accountant ABS

The Sr. Accountant - ABS position leads structured finance activities for VWFS’s asset-backed securitization (ABS) programs in a team-oriented environment with emphasis on analysis, documentation, and compliance.  

Role Responsibilities: 

·       Represents Structured Finance on the structuring team in the development and design of ABS programs including;

o   Review, interpret, and validate sections of the offering and legal documents.

o   Lead asset pool selection, analytics, and modeling cash flows.

o   Coordinate due diligence effort with external accountants.

o    Respond to requests and communicate with treasury, tax, legal, risk management, investment bankers, and outside legal counsel.

·       Develop specialized accounting and servicing support for ABS transactions under International accounting standards and related regulations including;

o   Asset selection and removal based on established criteria.

o   Monitor pool performance for compliance with investor triggers and regulations.

o   Assist with process procedures and documentation to comply with audit requirements/company policy

o   Assist with the review of monthly servicing reports, journal entries and supporting documentation.

o   Assist with review of monthly and annual SEC filings for public ABS transactions.

o   Coordinate annual servicing audits performed by external accountants.

·       Develop and maintain control procedures for ABS transactions under SEC Regulations.

·       Review wire requests and reconciliations for daily collections related to public ABS transactions.

·       Maintenance of ABS systems and database records.

o   Ensure quality of both import data and internal calculations

o   Create and implement internal controls for both daily and monthly data

o   Manage and monitor all program/script changes and update all related documentation

o   Work with IT to resolve any data issues or server issues, work with vendor for process issues

·       Support Treasury activities related to VWFS.

·       Review accounting ABS support schedules and financial analysis of various general ledger accounts.

·       Continuously develop knowledge base to keep current on existing and emerging issues in both accounting and banking to assist in meeting accounting and regulatory requirements.

·       Undertake special assignments including the resolution of problems and assistance in the development of new pro