Job Purpose<\/p>\n
\tThe Specialist Accountant is responsible for the general accounting of transactions within BMW Finance, including Insurance, Commercial Finance, Risk and Securitisation.<\/p>\n
Key Accountabilities<\/p>\n
\tDaily clearing of Commercial Finance suspense accounts.
\n\tEnsure that the accounting between CFS (Commercial Finance) and SAP is accurate and timely.
\n\tPreparation of month-end reconciliations and addressing of old long outstanding reconciling items.
\n\tApprove CFS ticket log and allocations on the system relating to accounting matters.
\n\tResponsible for month end, top up and buy back process for securitisation transaction.
\n\tPreparation of servicer report on a quarterly and submit to the administrator (Maitland)
\n\tPreparation of month-end reconciliations and addressing of old long outstanding reconciling items.
\n\tResponsible for the preparation of the BA501 regulatory reports, Securitisation audit and AFS process.
\n\tResponsible for the Securitisation audit and AFS process.
\n\tAttend monthly steering committee meetings with the insurance service providers
\n\tAttend to invoicing for insurance marketing and commission fees to the relevant insurance service providers.
\n\tEnsure that the accounting between Guard-risk (Insurance business) and SAP is accurate and timely
\n\tProvide month end accounting and attend to month end queries before closing out of a period.
\n\tPosting of monthly journals, perform monthly reconciliations and investigate any differences.
\n\tRegular interaction with Insurance providers to ensure that accounting records reflect correctly between each other.
\n\tLiaise with securitization\u2019s administrators to ensure that accounting records reflect correctly between each other. In addition to ensure that all monthly and quarterly submission and requirements are adhere to.
\n\tRegular interaction and review with internal and external stakeholders in relation to mandatory accounting submissions, as well as ad hoc projects that need the participation of the accounting department.
\n\tAttend to any other requests from management and provide regular updates on the status of the business from time to time.<\/p>\n
Educational Background \/ Professional Knowledge and Experience \/ Other Skills<\/p>\n
\tBachelor\u2019s Degree with Accounting as a major.
\n\tNewly qualified Chartered Accountant (CA)(SA) is preferable or had articles experience.
\n\t3 years financial accounting experience within the financial services industry
\n\tFinancial Services Experience, as well as knowledge of the motor industry
\n\tKnowledge of accounting software, e.g. SAP
\n\tKnowledge of \u00a0IFRS ( International Financial Reporting Standard), South African Tax Acts (inclu. VAT And TAX)<\/p>\n
Apply via company website ( ) or<\/p>\n
www.bmwgroup.jobs<\/p>\n
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