Job Title Accounting Specialist
Date Posted 9/17/2021
Location Herndon, VA
Status A
Job Type Full-Time Regular
Position Id 200599
Written By FB
Job Description Herndon, VA

Accounting Specialist - Flex Lease

The primary role for the Accounting Specialist will be to develop, manage, all reporting and accounting requirements for the Flex Lease pilot. 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, create monthly internal reporting and other ad hoc tasks primarily related to the Flex Lease Pilot program. The work environment provides the opportunity for independent initiative and judgment to improve accounting processes, procedures, and financial reporting. This position will have an indirect reporting line to the Mobility team to develop and create the proper accounting entries and reporting on the Flex Lease Pilot. The Specialist will have frequent interaction with other areas of the business such as Remarketing, Controlling, Risk, Tax, Structure Financed, Service Center Accounting, Treasury, and the Audi Brand.
3-5 years of professional experience in:
• Financial analysis
• Financial reporting
• Financial services or consumer finance

Role Responsibilities
We will expect you to complete month-end closing processes for the Flex Lease Pilot including:
• Prepare, reconcile, review, various monthly journal entries, supporting schedules, and month-end schedules
• Analyze and document material variances from prior period and budget
• Review all required system financial reports from 3rd party vendor for accuracy and balancing, making necessary corrections as appropriate
• Research and resolve outstanding issues with 3rd party vendor and other departments as required
• Assist in the development and maintenance of financial control procedures for financial reporting under IFRS & Group Handbook related guidelines.
• Prepare monthly financial reporting related to Flex Lease program and other Digital projects for the Digital team
• Prepare monthly financial reporting related to impairment for Risk Department
• Prepare monthly reporting for the Risk team related to brand billing
• Monthly reconciliations, research, and resolving outstanding issues with other departments

We will expect you to assist and support:
• Work with the Mobility and Controlling teams to support any additional Ad Hoc reported needed on the Flex Lease Pilot program
• 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
• Year-end Statutory Financial statements, footnotes, and disclosures.

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


• Microsoft Office advanced level; Excel, Access
• Understanding of IFRS and financial reporting principles
• 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
• CPA designation
• Knowledge of the German Language
• Understanding of accounting for financial services products (Finance Lease, Operating Lease, Retail financing, Rental Lines) under IFRS
• Understanding of basic concept of residual value risk and credit risk
• Knowledge of Oracle Financials accounting system

No travel required. During month/quarter/year-end closing and when preparing the annual financial statements, long hours may be necessary.