Finance Operations Administrator

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Job Description - Finance Operations Administrator (MER00039WA)

Job Description

Finance Operations Administrator Group : Mercedes-Benz Group AG

Description

ABOUT US

At Mercedes-Benz Financial Services South Africa (MBFS SA), we pride ourselves on our reputation for service excellence and our care in providing flexible, innovative and tailor-made finance and insurance solutions. Mercedes-Benz Financial Services is a leading captive automotive financial services provider, operating in 40 countries as the global financial services arm of Mercedes-Benz Mobility.

To achieve our goal of being the first-choice provider of vehicle financial products and services, we are looking for talented, diverse and inspired people with the skills, experience and innovative spirit to provide a first-class experience at every turn.

THE OPPORTUNITY

We currently have an exciting opportunity for a Finance Operations Administrator to join our Finance team. This role takes finance operations to a whole new level, encouraging you to exceed business needs and work in a collaborative team who are just as passionate as you to provide exceptional experiences.

ABOUT THE ROLE

To ensure a thorough grasp of lease accounting procedures for both our contract management and financial accounting systems, perform daily financial operations such as data analysis and ledger calculations related to lease accounting, and evaluate the effectiveness of reconciliation tools.

WHAT DO YOUR DUTIES ENTAIL?

Transaction Processing:

· Process insurance receipts and lead fee payments in the accounting system (SAP), ensuring timely and accurate recording of transactions.

Reconciliation and Reporting:

· Perform reconciliation of insurance lead fees and prepare the monthly insurance income statement to support financial reporting and decision-making processes.

Inventory Risk Calculation:

· Calculate the inventory risk share payable between Mercedes-Benz South Africa and Mercedes-Benz Financial Services, utilising established methodologies and systems.

Journal Management:

· Administer the daily posting of journals into the accounting system (SAP), maintaining the integrity of financial data and records.

· Report relevant sales data from Mercedes-Benz South Africa and Mercedes-Benz Financial Services regarding buyback lease contracts, ensuring accurate accounting and classification of all assets in the IBIS system.

Operational Performance Reporting:

· Administer the collation and reporting of Operational Performance indicators for monthly reporting, providing valuable insights into business performance.

· Calculate and analyse Net credit losses, Fee income, and other expenses for monthly reporting, supporting strategic decision-making processes.

· Perform pricing checks and validations to ensure accuracy and completeness in our financial product pricing, mitigating potential risks and maximizing profitability.

· Create new vendor records or update existing vendors in the accounting system, ensuring accurate mapping between relevant business systems and maintaining vendor data integrity.

Qualifications

WHAT ARE WE LOOKING FOR?

Our mission at MBFS SA is to provide a consistently outstanding brand and customer experience through outstanding preparation, attitude and teamwork. Our purpose is to create an effortless experience by providing ease and convenience in all our interactions with others.

In order to achieve our goals and be part of our team you will demonstrate the following key

Attributes :

· Must be Detail Oriented

· Ability to prioritize to meet deadlines

· Ethical Conduct and Integrity

· Adaptability

In addition, we look for the demonstration of the following key Skills :

· Analytical Skills

· Problem Solving Skills

· Business and Financial Acumen

· Interpersonal Skills

· Organisational Skills

What is it like to be part of Mercedes-Benz Financial Services SA?

We represent an extraordinary brand by fulfilling our founders’ promise to deliver ‘The Best or Nothing ’ which requires the efforts and talents of many exceptional people. Recognised as the Top Employer in the South African automotive industry, our passion for our people also extends to Employee Recognition and Reward programs, as well as providing access to learning and development opportunities. We strive to make our workplace one in which individuals feel challenged, fulfilled, and are able to reach their full potential. We are committed to providing a great workplace environment that fosters a culture of openness, support and camaraderie.

SPECIFIC KNOWLEDGE

· Knowledge of automotive finance products

· Accounting principles and Best practice

· Systems experience (CMS, SAP)

· Knowledge of FCPA regulations

· Sound Understanding and Interpretation of IFRS standards

· Regulatory Knowledge and Compliance

· Credit and Collections

· Inventory and Asset Management

· Monthly and Annual Close Processes

REQUIRED COMPETENCIES

· Planning and coordination

· Enterprise Resource Planning Systems

· Technical Proficiency

· Reconciliation

· Operational Reporting

· Customer Service Orientation

QUALIFICATIONS & EXPERIENCE

• 1 to 3 years’ working experience
• Experience within Financial Service Industry

· Degree/Diploma – Financial accounting or financial management

Mercedes-Benz Group of Companies South Africa is proud to be an equal opportunity employer. All qualified applicants will be considered, however the following will apply:

· Foreign nationals must qualify for a work visa/permit as per the provisions of the Immigration Act 13, 2002;

· Division’s Employment Equity Plan in terms of the Employment Equity Act, No 58, 1998.

· As part of the recruitment process, shortlisted candidates should be willing to undergo an Assessment Centre.

CLOSING DATE: 05 July 2024

Strictly no CVs will be considered sent via email.
The email address provided is only for queries on this specific requisition.

Organization