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  • Posted: Aug 12, 2020
    Deadline: Not specified
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    BMW is an exclusive German vehicle and motorcycle manufacturing company. Our vehicles offer the very highest standards of aesthetics, dynamism, technology and quality. BMW aims to provide innovation, sustainability and efficiency to the motoring world, leading the way forward. As the leading supplier of premium brands and premium services, the BMW offers ...
    Read more about this company

     

    Specialist: Credit Control NRSM

    About the Job

    The position is responsible for managing of and reporting on the daily payment collections for vehicles, motorcycles and dealer fitted accessories sold under the NRSM via the retailer network and ensuring compliance to all accounting, taxation, SARB and ICS legislation whilst at the same time ensuring BMW SA has sufficient financial guarantees for ensuring that all credit provided to retailers is adequately secured to ensure no financial loss to BMW SA (Pty) Ltd and BMW SF.

    You will ensure daily collections of payments due to BMW SA by the retailers for vehicles, motorcycles and dealer fitted accessories are successfully executed between SAP and SBSA. You will drive compliance on a daily basis to all accounting, taxation, foreign exchange and internal controls systems. You will be responsible for calculation of credit limits in conjunction with SF for each dealer and ensuring the official limits are loaded and maintained in the system. You will be responsible for ensuring VAT compliance on all debtor and creditor postings. You will ensure NRSM Collections process runs daily and that defaulting retailers are identified immediately and escalated within the NSC and with the relevant retailer to ensure payments are received on time. You will conduct regular reports to the CFO and the Dealer Steering Committee on retailers’ behaviour to ensure appropriate steps are taken against retailers not adhering to the retailer agreement. You will be responsible for ensuring accuracy of accounting entries for invoice values in the debtors’ accounts per VIN, as well as the offsetting creditors’ legs for commissions, handling fees and other manufacturer support to ensure that the net amount due by the retailer to BMW SA is correct prior to sweeping.
    You will ensure correct invoicing of vehicles / motorcycles to minimize errors and ensure compliance due to complexities of pricing structures & validity of discounts offered, appropriate VAT treatment, availability of funds and allocations and availability of stock. You will be responsible for calculating and invoicing penalties on defaulting retailers in line with retailer agreement. You will review system interfaces with regards to invoicing and collections to ensure that they are operating optimally and continuous advanced with changes in business. You will be responsible for monthly calculations of the highly complex IFRS9 provision for doubtful debts for NRSM retailers via the ECL tool from AG. You will be responsible for all creation of valid debtors’ master data as well as deactivating inactive accounts to limit potential fraud and errors.
     

    Qualifications and Experience

    Education and Competencies

    • B.Com/Credit Management Diploma
    • 5 Years in debtor’s and/or dealer/retailerenvironment.
    • SAP
    • high level of invoicing system knowledge
    • full credit controlling ability

    Job ID: 2000027O

    Method of Application

    Interested and qualified? Go to BMW Group South Africa on www.bmwgroup.jobs to apply

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