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Uitenhage: Risk Management Specialist

Date 2024-10-25
Job Title Risk Management Specialist
Employer
More Information
Salary
Category Accounting Finance
Location Nelson Mandela Bay
/ Uitenhage

Job Summary

We are seeking a suitably qualified & experienced candidate 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 the company Responsibilities 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 Group to align Brand and Regional strategies. Evaluation and submission of the Quarterly and Annual Risk Ricors 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. Essentials 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 & presenting to management). Ability to manage and balance multiple tasks simultaneously

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Risk Management Specialist position available in Nelson Mandela Bay, Uitenhage. This job position was posted by . The job has been posted on 2024-10-25 in the Accounting Finance category

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Uitenhage: Risk Management Specialist

Date 2024-10-23
Job Title Risk Management Specialist
Employer
More Information
Salary
Category Accounting Finance
Location Nelson Mandela Bay
/ Uitenhage

Job Summary

Key responsibilities include conducting in-depth financial analyses, managing supplier financial risks, and supporting top management with strategies to secure production. Strong financial acumen, knowledge of financial risk management, and excellent communication skills are essential. Proficiency in MS Word, Excel, and PowerPoint is required.

Duties:

Conduct deep financial analyses to assess supplier stability. Manage risks to prevent production stoppages due to unstable suppliers. Moderate meetings between suppliers and internal departments on financial matters. Report local supplier financial ratings to Purchasing Management. Consult and collaborate with Risk Management and Reactive Risk Management during supplier financial crises. Evaluate and advise the purchasing department on economic issues with financially distressed suppliers. Support Purchasing Top Management in rating unstable suppliers and creating strategies to secure production. Continuously improve risk management processes and supplier rating methodologies. Track and record statistical data for management reporting. Prepare quarterly and annual risk reports and present them to the Board of Management. Communicate and align strategies with Purchasing, Finance, Legal, and Group teams. Submit quarterly and annual risk records for the Purchasing department. Qualifications : Chartered Accountant (SA) or BCom Honours (CTA) graduate with completed Articles. Experience : 5 years in Accounting and/or Finance, ideally within motor manufacturing or related industries. Essential Working knowledge of financial risk management. Understanding financial statements and the impact of accounting policies. Knowledge of financial structures and their effect on performance and statutory reporting. Basic understanding of legal aspects of financial structures in financial reporting. Ability to analyze and apply financial ratios. Offering improvement suggestions with supporting facts. Strong communication skills at all levels. Basic understanding of tax legislation and its impact on business and cash flow. Familiarity with structured finance/loan arrangements and legal frameworks. Planning and management abilities. Proficient in MS Word, Excel, and PowerPoint. Excellent oral and written communication skills. Self-motivated and driven. Strong presentation skills.

Risk Management Specialist position available in Nelson Mandela Bay, Uitenhage. This job position was posted by . The job has been posted on 2024-10-23 in the Accounting Finance category

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Posted in Jobs in Nelson Mandela Bay, Jobs in Uitenhage

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