Location: ZA
Department: Purchasing and Procurement
Shift: Full-time
Contract type: Unlimited
Remote Working: By agreement
Posting Date: 21 Oct 2024
The future of mobility is changing. What do we contribute to this? Volkswagen produces vehicles in 14 countries and delivers them to customers in more than 150 markets worldwide. Electromobility, smart mobility and digital transformation are our core topics for the future. For many millions of people, Volkswagen is the epitome of mobility- not only today, but also tomorrow. Become part of it and help develop new solutions with your curiosity and ideas. You can expect a diverse team that supports you and with whom you can grow together and develop your potential.
Applications are invited from suitably qualified & experienced candidates to fill the Risk Management Specialist position in the Purchasing Division (Kariega).
Brief Role Description
To manage the risk management process by coordinating local supplier risk evaluations and conducting deep financial ratings, providing support to the purchasing commodity management, in an effort to mitigate possible risks to production and financial risk impact to VWSA.
Possible Tasks within this Role
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 and Wolfsburg.
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.
Preparing, aligning (with WOB & Purchasing Management), recording and evaluating the quarterly and annual "risk recording" for the Purchasing department and presenting the identified risks to the Board of Management.
Regular interaction and communication with the Purchasing Commodities, Finance, Legal (if required) and VW Group to align Brand and Regional strategies.
Evaluation and submission of the Quarterly and Annual Risk Records for Purchasing.
Qualification requirements
A Chartered Accountant (SA) or B Com Honours (CTA) graduate with completed Articles.
Experience
5 years plus Accounting and / or Finance experience, preferably within motor manufacture or related industries.
Working knowledge of financial risk management.
Ability to understand financial statements and the impact of underlying accounting policies applied.
Ability to understand financial structures and in the implication of these structures 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 ratios.
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 & presenting to management).
Ability to manage and balance multiple tasks simultaneously.
At Volkswagen, we value an inclusive and diverse culture. We offer a trustworthy environment because we live up to our corporate values, Respect/Integrity/Excellence/One Team. Applications to be submitted via the online system by no later than Tuesday, 29th October 2024. All queries can be raised with Bahieya Dolley, Ext 4565 or e-mail ******.
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