Assist the structuring team in the development and design of ABS programs including;
Review sections of the offering and legal documents.
Provide data and analysis to assist in asset pool selection and reconciliation.
Provide support for due diligence effort with external accountants.
Support requests from treasury, tax, legal, risk management, investment bankers, and outside legal counsel.
Maintain accounting and servicing support for ABS transactions under US/Canadian/International accounting standards and related regulations including;
Asset selection and removal based on established criteria.
Assist with maintenance of ABS systems and database records.
Perform analysis to support pool performance monitoring for compliance with investor triggers and regulations.
Prepare monthly servicing reports, journal entries and supporting documentation.
Prepare monthly and annual SEC filings for public ABS transactions.
Support annual servicing audits performed by external accountants.
Perform control procedures for ABS transactions under SEC Regulations.
Prepare wire requests and reconciliations for daily collections related to public ABS transactions and the Like Kind Exchange program.
Support the company’s hedge accounting programs including;
Provide analytics and accounting support in the development of hedging strategies.
Provide data input and maintain model used by treasury in interest rate risk management.
Prepare hedge accounting documentation, perform effectiveness testing and analysis.
Prepare accounting entries and reporting under US/Canadian/International accounting standards.
Develop understanding of Treasury activities.
Analyze various general ledger accounts / supporting schedules and reconcile as necessary.
Provide support for preparation of supporting schedules for the company’s financial statements and footnotes.
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.
Develop recommendations and action plans to improve processes and controls to eliminate or mitigate risks related to the company’s financing and hedging programs.
Undertake special assignments including the resolution of problems and assistance in the development of new processes and support systems.
1-3 years professional accounting and financial analysis experience.
Treasury and/or banking experience.
Experience in and/or understanding of automotive financing business Skills -