Senior Accountant - Insurance (contract)

Volkswagen Financial Services Canada

Ontario

On-site

CAD 75,000 - 140,000

Full time

14 days+

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Job summary

Volkswagen Financial Services Canada seeks an Accounting Specialist to handle corporate accounting functions, financial statements preparation, and compliance with IFRS. The role requires analytical thinking, a Bachelor's in Accounting, and experience in financial services, with ongoing support for financial reporting tasks.

Qualifications

5-7 years of professional experience in financial analysis and reporting.
Knowledge of captive insurance accounting and applicable regulations.
Understanding of IFRS and financial reporting principles.

Responsibilities

Prepare monthly financial statements and related disclosures according to IFRS.
Analyze monthly performance and major variances for reports.
Assist in the development and maintenance of financial control procedures.

Skills

Analytical and conceptual thinking

Problem solving

Communication skills

Education

Bachelor’s Degree in Accounting or Finance

Master’s Degree in Accounting or Finance

Tools

Microsoft Office (Excel, Access)

Job description

1 month ago Be among the first 25 applicants

Direct message the job poster from Volkswagen Financial Services Canada

HR Business Partner/ People Analytics/ Talent Acquisition/ DEI

As the captive finance company of the Audi, Ducati and Volkswagen brands in Canada, Volkswagen Financial Services offers a wide range of leasing, retail financing and protection plans expertly tailored to meet the needs of our Customers. Additionally, we provide commercial financing products to Audi, Ducati, and Volkswagen 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 Sr. Manager 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

Desired –

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
Required –

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 IFRS and financial reporting principles
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

Desired –

Understanding of accounting for financial services products (Finance Lease, Operating Lease, Retail financing) under IFRS
CPA designation
In-depth understanding of IFRS 17
Experience with Deloitte Finevare
Experience with Oracle Financials/GL Wand

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.Volkswagen Financial Services is committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, sexual orientation, family status, gender identity, gender expression, national origin, age, disability, or any other characteristic protected by federal, or local laws.

Volkswagen Financial Services is committed to accommodating applicants and employees with disabilities. Should you require an accommodation during the recruitment and selection process please advise in advance.

Seniority level