17 Sep
|
Volkswagen Group Services
|
Ajax
17 Sep
Volkswagen Group Services
Ajax
We cherish our open and speak-up culture, embrace our commitment to social responsibility, celebrate diversity, innovate boldly, take pride in what we do, and thrive together as a team.
At Volkswagen Group
Canada, Inc. we value initiative, creativity, teamwork, and high performance within a dynamic and engaging setting. A flexible, collaborative work culture The VGCA Accounting Shared Services Centre provides essential back- office accounting functions for General Ledger, Inventory, Accounts Receivable and Affiliates, Accounts Payable and Fixed Assets for multiple VW Group Companies including Volkswagen, Audi, Bentley, Lamborghini, Chattanooga factory production and electric vehicle infrastructure in Canada and the United States.
This Fixed
Asset and Lease Accountant is responsible for all accounting functions related to the Fixed Assets and IFRS16 lease processes. Responsible to review all fixed asset requests for compliance, creates fixed asset accounts and monitors the asset activity for correct capital spending. They also analyze CIP/AUC projects for compliance and capitalize completed projects according to the VW Handbook.
In addition, they also provide the data (continuity schedule) required for accurate and timely reporting, through the monthly packages to Germany. This position is also responsible for managing leases under IFRS16.
The Fixed
Asset and Lease Accountant coordinates with Controlling, Business and Legal teams regarding leased properties. They review lease abstracts and keep an updated file of abstracts for reference and for audit purposes (internal and external). Further, they ensure that the lease contracts have been correctly entered into the Group systems (GLC) to ensure accurate postings of financials are reflected in the ledger and included in the ultimate reporting to Germany.
Review all new fixed asset requests (including intangibles) for compliance, create fixed asset accounts in SAP and monitor for correct capital spending. Analyze construction-in-progress (CIP)/asset-under-construction (AUC) projects for compliance and capitalize completed projects in accordance with the VW IFRS Accounting Handbook. Verify, analyze and record all disposals related to property, plant and equipment and intangible assets while maintaining a backup file for audit.
Periodically liaise with financial consultants regarding zero book value assets to ensure appropriate disposal and decommissioning of those identified as not in use. Post monthly depreciation and retirements in Asset Management.
Reconcile Fixed
Asset sub-ledger with SAP general ledger. Liaise with the property management company regarding all property projects and leases to capture complete and accurate property detail as well as review abstracts as required. Monitor rental payments, handle lease amendments and ensure charges conform to lease agreements and accounting policies established as required.
Enter and maintain records of IFRS16 leases in Group System (GLC) and run monthly entries. Reconcile lease liability payable for the month with payments for IFRS16 leases. Prepare monthly input file for FACTs reporting in accordance with IFRS, including reconciliation of capital spend details for financial controlling, as required, and reconciliation of SAP and GLC system.
Prepare and post monthly rent entries for finance leases. Support controlling teams with solutions on property, plant and equipment, intangible assets as well as leases related accounting topics by performing research in the IFRS Accounting Handbook, and prepare accounting memos to document the research. Provide support to complete Canadian and US census surveys.
Manage the annual fixed assets physical inventory count and verification process. Coordinate with the controlling, business and legal teams to ensure the complete and accurate reporting of leased property in accordance with IFRS 16. Keep up to date with IFRS changes and VW IFRS Handbook revisions with respect to property, plant and equipment, intangible assets, and leases, particularly developments regarding convergence.
Work with controlling to assess impairment of fixed assets based on group guidelines Participate in the process of monthly, quarterly and annual accounting close, including booking and review of journal entries, monthly reporting requirements and financial analysis Bachelor's Degree in Accounting and/or equivalent working experience 3+ years of relevant accounting experience. ~ Experience with fixed asset accounting, lease accounting, financial reporting, month-end close activities, and reconciliations. ~ Experience applying IFRS accounting standards, including IAS 16, IAS 38, and IFRS 16. ~ Experience working with SAP and supporting audit requirements. ~ Strong analytical and problem-solving skills with the ability to assess complex accounting transactions and identify process improvements. ~ Strong written and verbal communication skills with the ability to explain accounting concepts to various stakeholders. ~ Customer-focused team player with strong interpersonal skills. Intermediate to advanced understanding of Microsoft Office (Excel, Word, PowerPoint). Working knowledge of SAP.
Knowledge of property, plant and equipment, intangible assets, leases, and financial reporting. This position is hybrid, requiring a minimum of 3+ days in office.
Salary range is dependent on factors such as industry-based experience, skills, training, credentials,
and other qualifications. Full-time employees of Volkswagen Group Canada, Inc.
Health Insurance Coverage: We offer comprehensive health, dental, and vision insurance, including a flexible plan to ensure employees and their families have access to quality healthcare tailored to their needs.
Health Spending Account: Retirement Plans & Savings: We offer a competitive defined contribution retirement plan and a generous savings match to help employees prepare for their future We recognize individual contributions and share company success through our Bonus & Merit Program, fostering a pay-for-performance culture Vehicle Leasing and Purchase Programs: Employees and eligible family members can lease up to four vehicles annually at discounted rates, providing convenience and cost savings.
Work Environment: Our facility inspires creativity and productivity, fostering an empowering hybrid work environment (where applicable) allowing employees can perform at their best.
Personal Days: We value work-life balance and offer personal days for your discretion, whether for personal reasons, recharging, or celebrating important holidays or events.
Volunteer Days: These days allow employees to support meaningful charities aligned with our values and social responsibility.
Company Designated Holidays: We recognize the importance of celebrating the holiday season with our team. Therefore, we reserve specific company holidays in December to ensure employees can enjoy the festivities.
Tuition Reimbursement: Part of our commitment to employee growth, this benefit covers approved course expenses to support ongoing education and long-term career development.
Volkswagen Group
Canada uses AI tools integrated with our applicant tracking system to screen applications for validity and completeness.
Volkswagen Group Canada
Inc. is committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, family status, gender identity, gender expression, national origin, age, disability or any other characteristic protected by federal, provincial, or local laws. We welcome and support applicants with disabilities through every stage of the recruitment process.
Location: Ajax, ON, CA, L1S 7G7 Department: Finance and Controlling Working Model: Full-time Contract Type: Unlimited Remote Working: According to company policy Posting Date: Sep 9, 2026 Volkswagen Group Canada, headquartered in Ajax, Ontario, offers Canadian drivers exceptional vehicles, along with expert service. VW Canada, Audi Canada, Lamborghini and Ducati.
Volkswagen Group
Canada is a subsidiary of Volkswagen AG headquartered in Wolfsburg, Germany – Europe’s largest automaker and one of the world’s leading manufacturers of automobiles and commercial vehicles.
📌 Fixed Asset and Lease Accountant (Ajax)
🏢 Volkswagen Group Services
📍 Ajax