Senior Accounting Analyst (sg07)
Year Chennai, Tamil Nadu, India
Job Description
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The FORD CREDIT EUROPE Securitization Accounting Analyst is responsible for the accounting for FCE securitization programs and the related intercompany transactions including cash, finance receivables, and debt. Key responsibilities include new deal analysis, performing month-end, quarter-end, and year-end close, along with monthly reconciliations for all accounts. This position is responsible for supporting Ford Credit North America (FCNA) Securitization Accounting, FCE Bank and stand-alone financial reporting requirements. The analyst needs to be adept at troubleshooting in order to investigate variances and will work with FCNA Securitization Accounting for new types of securitization transactions, to ensure proper accounting.The analyst also provides support to other Treasury groups, as needed.
ESSENTIAL SKILLS / DESIRED EXPERIENCE
- Previous experience in Accounting-related positions and systems, knowledge of SAP
- Strong English communication and presentation skills (written and verbal)
- Organized approach with attention to quality and process discipline
- Self-driven, ability to prioritize and advance multiple assignments simultaneously
- Strong interpersonal skills and an ability to work well with cross-functional teams
- Responsive to management and auditor requests
- Strong analytical ability and attention to detail
- Strong IT skills and quick learner with new systems
- Ability to generate ideas for improvement and implement those ideas independently Flexibility to work in night shift during Month-Close period
- CA or Equivalent Qualified
- Accounting Experience in Financial Institutions
- Prior Securitization Accounting Knowledge
- Treasury Experience
Frequency
Task
Daily
- Record Interest Payment Date (IPD) entries on IPD day (varies by program)
- Record German Floorplan manual advance entry on day of advance, when applicable Complete initial asset forecast, in line with timeline as dictated by FCE
Monthly
Ensure month-end close completed. Key responsibilities:
- Complete final asset forecast
- Complete MICS entries, related to the UK central deferred cost process, as applicable
- Prepare standard (recurring) and non-recurring journal entries, including support Complete preliminary reconciliation process during close
Complete all account reconciliations by the last day of the month in Blackline; investigate and subsequently resolve reconciling items, as applicable
Complete monthly schedules investigating all variances (i.e., borrowing cost file, Secured Debt report)
Quarterly / Annually
- Complete quarterly and annual financial reporting schedules investigating all variances
- Complete annual Securitization footnote within the FCE Bank annual financial statements
- Complete quarterly and annual review of high risk spreadsheets
- Present FCE secured debt fluctuation analysis in FCE quarterly Due Diligence meeting
- Support management company preparation of Globaldrive financial statements Support MCRP testing
As needed
- Support launch of new securitization transactions, commitment activity (new, extension, renewal, capacity change), and transaction deal calls
- Provide information to auditors as required
- Update desk procedures annually and create new procedures if needed
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Job Detail
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Job IdJD3316557
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationChennai, Tamil Nadu, India
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EducationNot mentioned
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ExperienceYear