BMW Vacancies 2022 – Apply For ANALYST: COMMERCIAL FINANCE Jobs In Midrand, Gauteng

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Facilitating the process to assist the Retailer Network and Corporate Clients with their funding requirements (floorplan, working capital, property, and development loans), whilst ensuring compliance to legislation and internal credit policies.
  • Prepare 1st phase of annual RCF, Dealer Floorplan and Commercial Loan credit review for submission to Credit (Commercial Finance Back Office) Department in preparation for National Risk Committee (LCC) presentation.
  • Responsible for the collation of all Audited Financial Statements and supporting documents for annual Floorplan and Commercial loan reviews
  • Analyse and interpret Dealer financial statements and report accordingly
  • Be able to discuss the financial performance with clients, understand financing needs and address issues of security to support these.
  • Prepare and compile proposal on Credit Rating System (CRS) for annual RCF, Floor plan reviews and ad-hoc increases for RCF, Floor plan, Commercial Loan restructures and New Business.
  • Provide commentary regarding Retailer management, performance to Credit Department for LCC submissions.
  • Actively participate in LCC presenting dealer submission from a sales perspective.
  • Review legal documentation (agreements, etc.) and interpret implication on transaction, approval required and determine when legal opinion/advice is required.
  • Prepare and submit legal brief to Legal department for preparation of securities and Commercial Finance and RCF agreements as well as tracking the process with Legal.
  • Prepare approval letters for RCF, Floorplan and Commercial Loan reviews.
  • Lodge all signed security documents with Legal department and facilitate the close out of approval conditions.
  • Facilitate the administration of floorplans, approval conditions on dealer reviews, extensions required, and dealer queries received with Floorplan Administrators
  • Develop and maintain relationship between Commercial Finance, Credit, Legal and Risk department internally as well as Corporate Clients, Dealer Principal, Dealer FD/FM, Shareholders, Dealer development and NSC Sales Department.
  • Source new business and market Commercial Finance products to BMW and ALPHERA dealers.
  • Focus on growth potential of the Floorplan and Commercial loan book.
  • Occasional visits to floor plan dealers to understand funding requirements, education of CRS rating as well resolve any queries.
  • Produce monthly Commercial Finance reports.
  • Act as Stand-in for Commercial Finance Manager when required.
  • Ensure data consistency between local operating systems CFS and BMW Group databases (CRS etc.) Update all CRS ratings and review dates in line with LCC approval conditions.
  • Assist Commercial Finance Manager with business related topics where necessary and departmental projects from time to time.
  • Draw up the necessary documents to open a new dealer account
  • Manage Monthly dealer annual review status report, update CF and Risk departments accordingly
  • Assist Commercial Finance Manager with strategic business-related topics where necessary and departmental projects from time to time.
  • Internal Control systems (ICS) – adherence to controls; active contribution to detect and mitigate process gaps.
  • Identify and support implementation of automation / efficiencies / process optimization, in or affecting your area of responsibility.
  • Any other task that management may necessitate in reaction to unexpected changes to our environment, greater business needs or to mitigate the vulnerability of the BMW Groups reputation or potential financial loss.
  • Liaise with new and existing clients to discuss their financing requirements, as well as any additional information required to strengthen their request.
  • Regular interaction with our internal credit and risk departments to discuss applicants and to convince and/or influence key stakeholders as to the value of such proposals.

 

Qualifications:
  • Bachelor’s degree (Accounting/Business Science/Legal) or equivalent qualification
  • 2-3 Year experience in the Financial Services Industry, Retail and Wholesale automotive industry with dealer relationships or an indebt understanding within these sectors.
  •  Financial management, legal advisory, excellent communication and project management skills. Acute Business Acumen.
  • Financial Analysis and Legal advisory.

To apply for this job please visit www.bmwgroup.jobs.