Job Position: Risk Management Specialist (automotive finance)
Ref: 4854
Location: PE/Gqeberha
Salary: R50 000 to R60 000 per month commensurate with qualification and experience + benefits
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Qualifications / Requirements:
• Chartered Accountant (SA) or B Com Honours (CTA) Graduate with completed Article
• Minimum of 5 years plus Accounting and/or Finance experience, preferably within motor manufacture or related industries
Essential
• Working knowledge of financial risk management
• Ability to understand financial statements and the impact of underlying accounting polices applied
• Ability to understand financial structures and in the implication of these structure on performance reporting and statutory reporting
• Have a basic understanding of the legal position of various financial structures – and how they would interact and relate to each other – and what this means in terms of financial reporting
• Ability to apply, calculate, understand and analyse various financial ratio
• Ability to offer suggestions for improvement with justification on the presented facts
• Ability to communicate at all levels
• Basic understanding of tax legislation and its impact on the business in terms of the calculation of tax and cash-flow
• Basic understanding of various forms of structured finance/loan arrangements and the commercial impact/legal framework within which they operate
• Planning and management skills
• Computer Literacy is essential (MS Word, Excel, and PowerPoint)
• Excellent oral and written communication skills
• Self-motivated and driven
• Presentation skills (creating and presenting to management)
• Ability to manage and balance multiple tasks simultaneously
Key Performance Areas
• Initiation, preparation and creation of deep financial analysis for detection of financial stability as basis to award business to a supplier
• Mitigate or avoid the risk of production stoppages attributable to financially un-stable suppliers through the preventive and reactive supplier risk management processes
• Moderation of meetings with supplier's cooperation with other departments to clarify questions regarding future financial development of a supplier
• Monthly reporting of the local suppliers calculated financial ratings to purchasing management
• Consultation as well as collaboration with staff of risk management organization of the regions and brands as well as with reactive risk management regarding economical questions in financial critical situations of suppliers
• Evaluation and consultation with the purchasing department regarding economic questions for suppliers, which are in a financial crisis
• Prepare and support purchasing top management to calculate the deep rating for financially unstable suppliers and to liaising with internal and/or external stakeholders to create strategies to assist local suppliers and purchasing to ensure production is secured
• Continuous Improvement of the processes for preventive risk management as well as the rating methodology for the evaluation of a supplier
• Record all required statistical data for management/departmental reporting in the risk management data base to track progress against key objectives and identify corrective measures where necessary
• Regular interaction and communication with the purchasing commodities, finance, legal (if required) and group to align brand and regional strategies
• Evaluation and submission of the quarterly and annual risk for purchasing