Financial Risk Manager - Port Elizabeth - On Line Personnel

    On Line Personnel
    On Line Personnel Port Elizabeth

    1 month ago

    On Line Personnel background
    Description

    Job Title: Risk Management Specialist

    Job Description:

    As a Risk Management Specialist, you will be responsible for mitigating or avoiding the risk of production stoppages attributable to financially unstable suppliers.

    Key Responsibilities:

    • Initiation, preparation, and creation of deep financial analysis for detection of financial stability as a basis to award business to a supplier;
    • 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 liaise 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.
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