Responsible for correctness, accuracy and financial compliance (IFRS, Local GAAP and Tax Book) of financial figures (e.g. balance sheet) and Internal Control Systems (ICS) for the following Plant accounts:
- APDP & Customs
- Production Part Claims & Sellbacks
- Export Accounts Receivable
- Logistic Costs
- T-Cars
- VDC Inventory and Job Cards
- Accruals & Provisions
Key accountabilities of the function
- Preparation of monthly reconciliations for all balance sheet accounts mentioned above including ageing and analysis where necessary.
- Regularly follow-up long outstanding and reconciling items to ensure that they are cleared timely.
- Perform the export debtors function for the plant and follow-up on long outstanding receivables to ensure no bad debts occur.
- Regular reconciliation of export vehicles sales over & unders to ensure timely resolution.
- Provide for the monthly logistic costs accruals through a reconciliation of the accounts and supplier statements at month-end.
- Perform regular stock counts at the VDC to ensure accuracy of stock.
- Make the necessary provisions in the accounts in line with IFRS requirements.
- Remain up to date regarding IFRS requirements in area of responsibility.
- Ensure compliance to all applicable legislation and IFRS standards.
- Ensure the necessary Internal Control Systems are in place for processes in area of responsibility, i.e., processes documented, controls identified and documented and tested. Remedial action is taken where necessary.
- Provide UCR’s for all export related business for Reserve Bank Purposes.
- Support F-3 team with ad-hoc tasks and projects.
Impact on innovations and changes:
- Reconciliations and processes to be continuously optimized in order to automate, reduce manual work and enhance control. Includes use of RPA, dashboard tools and SAP tools.
- Purpose and subject of the interaction/communication with internal/external interfaces, negotiating mandate.
- Written and oral communication with counterparts throughout BMW SA Finance and other departments such as VDC, Purchasing and Logistics in order to ensure that accounting transactions are accurately and compliantly accounted.
- Written and oral communication with BMW AG FR counterparts to ensure receivables and open topics are resolved and cleared.
- Written and verbal communication with Logistics and Component service providers to ensure accurate accrual accounting and clearance of open items.
- Written and verbal communication with the external auditors for interim and year-end statutory audit purposes.
Educational Background / Professional Knowledge and Experience / Other Skills
- 5 years accounting experience (including reconciliations).
- Proficient in SAP with at least 3 years of experience.
- Proficient in Excel and working with large amounts of data.
Additional skills: special skills / technical ability etc:
- Accounting (up to date IFRS requirements for area of responsibility).
- Knowledge of the Income Tax and VAT Act for area of responsibility.
- Knowledge of APDP and Customs requirements.
- Analytical skills.
- Ability to work under pressure and meet tight deadlines with minimum supervision.
Attributes:
- Positive and self-driven;
- Show initiative and value-adding attitude;
- Efficiency oriented;
- Have problem-solving skills;
- Strong attention to detail;
- Have good interpersonal skills;
- Able to liaise and work with various levels of management, fellow colleagues and BMW AG personnel.
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