Volkswagen Financial Services is looking for an Accounting Professional with a strong Insurance background, specifically IRFS 17.
Our position is classified as Fully Remote and we offer an astonishing line of Benefits, such as an Employee Leasing Program and an Unmatched 401K offering to all qualified employees.
Role SummaryThis individual is required to have an understanding of IFRS 17 and support all process and system changes related to insurance products within the Volkswagen Financial Services organization for US and Canada. Insurance industry experience and IFRS 17 (GMM model) expertise are necessary for the success of this role.
This is a data intensive role and requires a high level of MS Excel skills. Successful development of in-depth understanding of insurance data and how it translates to the inputs sent to Finevare (IFRS17 Engine) are required.
Role Responsibilities - Manage IFRS 17 process (50%) - Support month-end closing processes including (15%): - Support quarterly and annual closing processes (25%): - Complete Ad-hoc reports as required (10%): - Create and maintain official documented Guidelines and Practices (G&P) manuals for these products and entities
Years Of Relevant Experience7+ years of experience in: - Financial accounting analysis and reporting - Insurance accounting (specifically IFRS17 expertise)
Education - Required – Bachelor’s Degree in Accounting or Finance - Desired – Master’s Degree in Accounting or Finance, CPA (or equivalent), ACCA - Association of Chartered Certified Accountants
Specialized SkillsRequired – - Required – direct work experience in accounting for the sale of extended service contracts and/or P&C insurance products, including related knowledge of accounting standards and applicable regulations - Understanding of IFRS 17 standard (GMM model) requirements - Understanding of Actuarial team’s role in insurance industry - 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 - 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
SalarySalary range is dependent on factors such as geographical differentials, industry-based experience, skills, training, credentials, and other qualifications. - In the state of California, the salary range is $97,100-148,200. - In the state of Colorado, the salary range is $88,300-134,700. - In the state of Washington, the salary range is $97,100-148,200. - In the state of Rhode Island, the salary range is $88,300-134,700. - In New York City, the salary range is $105,900-161,700. - In Westchester County, NY, the salary range is $105,900-161,700.
Benefits For This Position Include - Eligibility for annual performance bonus - Healthcare benefits - 401(k), with company match - Defined contribution retirement program - Tuition reimbursement - Company lease car program - Paid time off
Volkswagen Group of America is an Equal Opportunity Employer. We welcome and encourage applicants from all backgrounds, and do not discriminate based on race, sex, age, disability, sexual orientation, national origin, religion, color, gender identity/expression, marital status, veteran status, or any other characteristics protected by applicable laws. We maintain a drug-free workplace and perform pre-employment substance abuse testing.
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