Finance Specialist

SUMMARY:
As a Finance Specialist within the automotive industry, you will play a critical role in managing financial operations and strategies within the context of automotive manufacturing or dealership environments. Your responsibilities will revolve around financial planning, analysis, reporting, and decision-making to support the organization's objectives and ensure financial health and compliance.

POSITION INFO:
Key Responsibilities:

• Financial Analysis: Conduct in-depth financial analysis to assess performance, identify trends, and evaluate opportunities for improvement. This includes analyzing key performance indicators (KPIs), financial statements, and operational data.
• Budgeting and Forecasting: Collaborate with cross-functional teams to develop annual budgets and forecasts. Monitor budget performance, identify variances, and provide recommendations for corrective actions.
• Cost Management: Manage and control costs across various functions such as production, procurement, and distribution. Implement cost-saving initiatives while maintaining quality standards.
• Financial Reporting: Prepare accurate and timely financial reports, including income statements, balance sheets, and cash flow statements. Ensure compliance with accounting standards and regulatory requirements.
• Capital Investment Analysis: Evaluate investment opportunities in new projects, equipment, or technologies. Conduct feasibility studies, ROI analysis, and risk assessments to support investment decisions.
• Tax Planning and Compliance: Work closely with tax advisors to develop tax strategies that optimize the organization's tax position. Ensure compliance with tax regulations and filing requirements.
• Financial Risk Management: Identify and assess financial risks, such as currency fluctuations, interest rate exposure, and credit risk. Develop risk mitigation strategies and monitor risk exposure.
• Financial Controls: Establish and maintain internal controls to safeguard assets, ensure accuracy of financial data, and prevent fraud. Conduct regular audits to assess compliance with internal policies and procedures.
• Strategic Planning: Contribute to the development of long-term strategic plans by providing financial insights and analysis. Support decision-making processes by evaluating the financial implications of strategic initiatives.
• Stakeholder Communication: Present financial analysis, forecasts, and recommendations to senior management, board members, and other stakeholders. Clearly communicate financial performance, risks, and opportunities.

• Bachelor's degree in Finance, Accounting, Economics, or related field. Advanced degree (e.g., MBA, CFA) preferred.
• Proven experience in financial analysis, budgeting, and strategic planning, preferably in the automotive industry.
• Strong understanding of accounting principles, financial markets, and regulatory requirements.
• Proficiency in financial modeling, data analysis, and ERP systems (e.g., SAP, Oracle).
• Excellent communication and presentation skills, with the ability to convey complex financial concepts to non-financial stakeholders.
• Analytical mindset, attention to detail, and problem-solving skills.
• Ability to work effectively in a fast-paced, dynamic environment and manage multiple priorities simultaneously.
• This job description outlines the core responsibilities and qualifications expected of a Finance Specialist in the automotive industry. Depending on the specific organization and role, additional duties and requirements may apply.

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