The position supports the company’s overall Refinancing Strategy in the US and Canada. Responsible for supporting the Porsche Financial Services (PFS) funding structures to ensure financing liquidity, competitive funding costs, accurate forecasting, and monitoring / reporting for the portfolio and Asset-Backed Securities (ABS) Programs. Support the management of interest rate and cross currency risks including the placement of derivatives, swaps, and foreign exchange (FX) trades in the U.S. and Canada.
- Support the management of the annual renewal process of all ABS facilities and the execution of term ABS transactions, including compiling specific portfolio statistical information, providing ad-hoc reporting and analysis, and modeling the impact of terms and conditions regarding cost and liquidity.
- Assist in management of funding structures for the U.S. and Canadian finance entities to ensure competitive funding costs in cooperation with Porsche global directives, including research and analysis of alternative funding sources (e.g. term transaction structures) and monitoring interest and cross currency rate movements and trends to support prudent portfolio risk management.
- Support the periodic due diligence and audit requirements for all ABS programs including working with banks, audit firms, and internal PFS resources.
- The position is part of the Front Office and acts accordingly as a proxy for other members of the Front Office for derivatives, swaps, and FX transactions. Execute derivative and foreign currency spot transactions in the U.S. and Canada on behalf of the securitization entities to mitigate interest rate and, where applicable, cross currency risks.
- Support the design, implementation, monitoring, and documentation of hedge accounting at Porsche Financial Services as the topic owner of hedging related activities.
- Complete primary ABS reporting requirements, including preparation of loan offering documents, monthly reporting for ABS programs, monitoring compliance with legal covenants, and evaluating the program’s performance covenant trigger and termination events.
- Assist in preparation and distribution of the monthly cash flow forecasts, including forecasting securitization cash flows. Complete back testing and turn lessons learned into more accurate forecasting.
- Lead the preparation of external presentations and manage the process of information verification in relation to all capital markets activities.
- Undergraduate degree in Finance, Economics, Accounting or related field is reuired. MBA a plus.
- 3+ years of public accounting experience preferred or minimum of 5+ years of treasury experience with 3+ years of direct experience in Capital Markets, Investment Banking, or general finance.
- Demonstrated strong analytical thinking, financial analysis, and communication skills. CFA, CPA, and/or a candidate preferred.
- Experience with Bloomberg or other market tools and working knowledge of derivative trading/securitizations desired.
- International business exposure and German language skills a plus.
- Periodic travel within U.S. and to Germany may be required.
- More than a 40 hour work week may be required during high volume periods.