Risk Management Specialist - Kenton on Sea, South Africa - Loretta Sanderson HR

Loretta Sanderson HR

Verified Company

Kenton on Sea, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Risk Management Specialist - Eastern Cape - Uitenhage

Applications are invited from suitably qualified & experienced Risk Management Specialists to fill the above vacancy in the Purchasing - Projects & Central Functions Department.

Duties

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 unstable 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 group.

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 preventative 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:

A Chartered Accountant (SA) or B Com Honours (CTA) graduate with completed Articles.
5 years plus Accounting and / or Finance experience, preferably within motor manufacture or related industries.

Required

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, how they would interact and relate to each other, and what this means in terms of financial reporting.
Ability to apply, calculate, understand and analyze various financial ratio and interpret what they mean for the business.
Ability to offer suggestions for improvement with justification on the presented facts.
Ability to communicate at all levels, in an open, professional and transparent way to encourage trust and openness.
Basic understanding of tax legislation and its impact on the business in terms of the calculation of tax and cashflow.
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.
Selfmotivated and driven.
Presentation skills (creating & presenting to management).
Ability to manage and balance multiple tasks simultaneously

Job Types:
Full-time, Permanent

Education:

Honours (preferred)

Experience:

- finance / accounting in manufacturing industry: 5 years (preferred)
- financial management risk: 5 years (preferred)

Application Deadline: 2023/03/18