We are recruiting on behalf of an established organisation for an experienced Securitisation Accountant to join its Finance team. This permanent role is based in the Coventry area and offers 3 days home working and a salary of up to £50k.
You will manage the end-to-end operational, reporting and accounting lifecycle of securitisation programmes, including servicer reporting, waterfall execution, portfolio replenishment, SPV accounting and statutory and regulatory reporting. You will also support management accounting, balance-sheet reconciliations and collaboration with internal and external stakeholders.
Key responsibilities will include:
- Managing day-to-day operational activities for securitisation structures, including transaction calendars, deliverables, covenants and compliance checklists
- Preparing and validating monthly servicer and investor reports, portfolio data, arrears, collections, recoveries and performance metrics
- Running monthly waterfall models, calculating allocations, reserves, fees, triggers and credit-enhancement levels
- Preparing payment instructions, coordinating settlement and reconciling cash movements to waterfall outputs
- Supporting portfolio replenishment through eligibility testing, concentration-limit checks, asset-file preparation and exception resolution
- Posting and reviewing SPV accounting entries and reconciling ledgers, bank accounts, receivables, funding balances and intercompany positions
- Coordinating audit and agreed-upon procedures activity, maintaining complete evidence packs and resolving data or reconciliation exceptions
- Supporting statutory, investor and regulatory reporting while strengthening controls, procedures and process improvements
Experience required:
- Three to six years' experience in securitisation, structured finance, treasury middle office, financial reporting or a closely related role in a consumer finance or asset-backed funding organisation
- Knowledge of IFRS and UK statutory accounting; SPV accounting and consolidation experience would be advantageous
- Practical exposure to waterfall modelling, cash allocation, servicer reporting, SPV accounting or portfolio eligibility testing
- A degree in Accounting, Finance, Economics or a related discipline; ACA, ACCA or CIMA qualification is preferred, although relevant part-qualified candidates may be considered
- Advanced Excel skills and confidence working with complex data sets, models and reporting templates
- Strong analytical ability, attention to detail and communication skills, with a proactive and organised approach to competing deadlines, controls and issue escalation
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