Financial Analyst

Volkswagen AG; South Africa; On-site; ZAR 350,000 - 550,000; Full time

Job summary

A leading automobile manufacturer in South Africa is seeking a Financial Analyst to support financial planning and analysis activities within its NSO Controlling Department. The successful candidate will perform feasibility studies, price new products, and ensure the accuracy of vehicle pricing. Qualified candidates with a relevant degree and 3-5 years of experience in the motor industry are encouraged to apply.

Qualifications

• Minimum 3-5 years of financial experience in motor or related industry.
• A formal qualification in Financial Management or Accounting from a recognized institution is required.

Responsibilities

• Perform financial feasibility studies for potential vehicles.
• Ensure accurate pricing and approval processes.
• Monitor vehicle price indices and cost accuracy.
• Prepare corporate budgets and plan medium-term financials.

Skills

Business Acumen

Microsoft Excel

Microsoft PowerPoint

Analytical Thinking

Effective Communication

Interpersonal Skills

Independent Work

Team Collaboration

Education

3-year National Diploma or Bachelor's in Financial Management/Accounting

Post-graduate qualification in Finance/Accounting/Business Management

Tools

Financial Management Software

Job description

Overview

The future of mobility is changing. Volkswagen produces vehicles in 14 countries and delivers them to customers in more than 150 markets worldwide. Electromobility, smart mobility and digital transformation are our core topics for the future. Become part of it and help develop new solutions with your curiosity and ideas. You can expect a diverse team that supports you and with whom you can grow together and develop your potential.

Applications are invited from suitably qualified and experienced candidates to fill the Financial Analyst position in the NSO Controlling Department (Sandton).

Brief Role Description

As part of the NSO Controlling team based in Sandton, the Financial Analyst role is responsible for effective planning, co-ordination, analysis and interpretation of strategic and financial inputs received from the Brands within the National Sales Organisation (NSO). It supports the achievement of local and international reporting deadlines and NSO Finance Controlling objectives.

Possible Tasks within this Role

• Perform financial feasibility studies for all potential locally manufactured vehicles and FBU imports
• Ensure new products are accurately priced and support to secure approval of pricing following agreed international & local processes
• Monitor the accuracy and interpretation of vehicle price indices
• Prepare product cost information for incorporation in the corporate budgets and medium-term planning
• Keep record of the Business Model, ensuring Headquarters (HQ) system is timeously and accurately updated
• Evaluate cost accuracy on an ongoing basis (forecast vs actual) and implement corrective action steps
• Establishment/implementation of Vehicle and Option pricing and the effect on turnover/profitability
• Evaluation/implementation of special package/options pricing (ad hoc)
• Evaluation/implementation of ad hoc Rental & Government pricing requests
• Dealer/Rental/Government incentives evaluation, reporting and reconciliations
• Monitoring of Inflationary Price movements
• Preparation of Tenders (RT57) and quarterly RT57 pricing
• Preparation of Rental Company Proposals and submission of pricing (RT57/Rental/Ad hoc & Incentives)
• Preparation of Vorlagen for Quarterly Pricing meetings and Rental & State Tender Pricing meetings
• Manage the incentive budget/actuals relating to dealer performance and tactical programs
• Manage the provisions for vehicle related incentives, overheads, and fixed costs

Qualification requirements

• A formal 3-year National Diploma or Bachelor's degree in Financial Management / Accounting / equivalent from a recognised tertiary institution
• A post-graduate qualification / Honours degree in Finance/ Accounting/ Business Management would be advantageous

Experience

• Minimum of 3 - 5 Years financial experience in motor or related industry

Essentials

• Sound Business Acumen and understanding of financial principles
• Proficiency with comprehensive knowledge of Microsoft Excel and PowerPoint
• Analytically minded with the ability and inclination to work accurately with financial detail
• Ability to listen and communicate effectively at all levels
• Well-developed interpersonal skills to handle Cross Functional Teams and work effectively under pressure to meet deadlines
• Innovative, resourceful and action oriented
• Work independently and take accountability for own actions
• A team player yet be able to work and manage own output independently to meet high quality standards

Note

Please ensure that you upload a certified copy of your ID and Qualifications to be considered for this position.

At Volkswagen, we value an inclusive and diverse culture. We offer a trustworthy environment because we live up to our corporate values, Respect/Integrity/Excellence/One Team.

Applications must be submitted via the online system by no later than 16 September 2024.

All queries can be raised with Bahieya Dolley, Ext 4565 or e-mail [e-mail].

Volkswagen Group Africa is committed to developing all its employees, and to provide equal opportunity to those with disabilities or from previously disadvantaged groups, in line with our Transformation goals and Employment Equity Plan.

Job ID: 17411

Company: Volkswagen Group South Africa (Pty) Ltd