SF3-ZA-F-1,SF3-ZA-F-1 / Specialist: Accountant

BMW Group; Midrand; On-site; ZAR 400,000 - 600,000; Full time

Job summary

A leading automotive company in Midrand is looking for a Specialist Accountant to manage general accounting transactions within their finance department. Responsibilities include the clearing of suspense accounts, preparation of month-end reconciliations, and ensuring compliance with IFRS. Candidates should have a Bachelor's Degree in Accounting and ideally be a newly qualified Chartered Accountant with 3 years' experience in financial accounting in the services industry.

Qualifications

• 3 years financial accounting experience within the financial services industry.
• Knowledge of South African Tax Acts (incl. VAT and TAX).
• Experience in the motor industry is a plus.

Responsibilities

• Daily clearing of Commercial Finance suspense accounts.
• Ensure accurate accounting between CFS and SAP.
• Preparation of servicer report and regulatory reports.

Skills

Financial accounting

Knowledge of IFRS

Accounting software (e.g. SAP)

Communication skills

Education

Bachelor’s Degree in Accounting

Newly qualified Chartered Accountant (CA)(SA)

Tools

SAP

Job description

Job Purpose

The Specialist Accountant is responsible for the general accounting of transactions within BMW Finance, including Insurance, Commercial Finance, Risk and Securitisation.

Key Accountabilities

• Daily clearing of Commercial Finance suspense accounts.
• Ensure that the accounting between CFS (Commercial Finance) and SAP is accurate and timely.
• Preparation of month-end reconciliations and addressing of old long outstanding reconciling items.
• Approve CFS ticket log and allocations on the system relating to accounting matters.
• Responsible for month end, top up and buy back process for securitisation transaction.
• Preparation of servicer report on a quarterly and submit to the administrator (Maitland).
• Responsible for the preparation of the BA501 regulatory reports, Securitisation audit and AFS process.
• Attend monthly steering committee meetings with the insurance service providers.
• Attend to invoicing for insurance marketing and commission fees to the relevant insurance service providers.
• Ensure that the accounting between Guard-risk (Insurance business) and SAP is accurate and timely.
• Provide month end accounting and attend to month end queries before closing out of a period.
• Posting of monthly journals, perform monthly reconciliations and investigate any differences.
• Regular interaction with Insurance providers to ensure that accounting records reflect correctly between each other.
• Liaise with securitization’s 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.
• Regular 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.
• Attend to any other requests from management and provide regular updates on the status of the business from time to time.

Educational Background / Professional Knowledge and Experience / Other Skills

• Bachelor’s Degree with Accounting as a major.
• Newly qualified Chartered Accountant (CA)(SA) is preferable or had articles experience.
• 3 years financial accounting experience within the financial services industry.
• Financial Services Experience, as well as knowledge of the motor industry.
• Knowledge of accounting software, e.g. SAP.
• Knowledge of IFRS ( International Financial Reporting Standard), South African Tax Acts (inclu. VAT And TAX).