Manager Finance (Warranty And Service Plan) at Boikago Group

Purpose of the Role.

The position reports to the General Manager: Finance (Sales & Marketing), this position will fulfil the necessary requirements within the department to meet objectives with regards to monthly and quarterly deadlines, manage the Small Vehicles and Hino Warranty and Service Plan systems, ensure timely and accurate reporting, ensure appropriate accounting treatment for the various warranty and service plans, and providing accurate, reliable, and timely information to Management in compliance with SOX, statutory requirements, and P & Ps

KEY PERFORMANCE AREAS:

• Finance Risk Management
• Business Planning
• Financial Administration
• Manage Business Information
• People management

Key Responsibilities:

Warranty:

• Monthly Calculation of Warranty Cost Per Unit: TSAM-Sandton-Durban
• Monthly calculation of Warranty Provisions per Cost Allocation Group
• General Ledger Postings of calculated adjustments to Provision Accounts
• Reconciliation of standard and special provision accounts
• General Ledger adjustments to accommodate Warranty claims on Vendor
• Annual co-ordination of meetings to determine special Warranty Provision
• Calculation of special Warranty Provision at the Year End
• Compilation of Warranty Provision booklet for Audit purposes
• Sox Compliance Monitoring and Reporting for warranty

 Service Plans:

• Updating of daily, weekly, and monthly cashflow forecast
• Completion of Main and Upsell fund reconciliations.
• Preparation of month end journals: cashbook, fair value, interest, and deferred income, transfers.
• Preparation of quarterly journals: fund top-ups, profit sharing, profit release on expired items
• Review of monthly service plan unit costs for unusual movement.
• Completion of quarterly SOX checklist and manual.
• Review of service plan assumptions with business for bi-annual actuarial valuation
• Liaison with actuaries for the bi-annual main and upsell service plan actuarial valuation.
• Preparation of annual budget (Main and Upsell Fund).
• Review of Service Plan accounting treatment in line with new IFRS standards

REPORTING FUNCTIONS: 

• Quarterly service plan cost analysis report
• Monthly management reporting for Warranty and Service Plans
• Monthly Profit management reports
• Service plan forecast and upload onto SAP BW
• Periodic Group and Item Reporting ON Warranty and Service Plans
• Periodic Budgeting: Warranty and Service Plan

Minimum experience & qualifications required

• NQF 7 level qualification (420 credits) - CA(SA) with 2-3 years post articles experience
• Motor industry experience will be advantageous.
• Experience interacting and operating at the management level
• PC literacy (MS Office Advanced) and SAP knowledge are essential.
• Excellent analytical skills, with the ability to create and process financial spreadsheets (e.g., in Excel)

COMPETENCIES:

• Perseverance and assertiveness
• Integrity with an elevated level of business ethics
• Accurate information gathering and analysis
• Awareness and commitment to our mission
• Awareness of situations and decisiveness
• Appropriate judgment
• Innovative ideas
• Establishing framework and systems for organizational learning
• Teamwork/Collaborator
• Strategic reallocation of resources and review of work methods
• Suitable assignment and objective performance review
• Prioritization and allocation of resources

 IMPORTANT DIMENSIONS:

• Attention to detail.
• Initiative
• Initiative-taking mindset to challenge and improve the status quo
• Accuracy of financial reporting
• Analytical thinking
• information monitoring
• Data gathering, analysis, and interpretation skills
• Good negotiation and use of initiative
• Communication (verbal & written)
• Planning & Organizing
• Problem-solving