Financial Risk Manager
Iasi - Romania, More... | R2021-6650
2 zile în urmă

The position of the Financial Risk Manager is part of the Risk Management Organization. The Financial Risk Manager will report into the Senior Manager Risk Management in the Global Supply Chain organization.

She / he is leading the financial risk management with the focus areas Early Warning based on financial ratings, evaluating distressed supplier situations and managing insolvency proceedings from a customer perspective.

Position Accountabilities :

  • Performing supplier related financial risk assessments
  • Detailed analyses of financials (P&L, balance sheet, cash) and long term business plan
  • Develop scenario walks for decision making preparation before and during supplier distress and insolvency situations
  • Lead meetings with critical suppliers CFO / CEOs to evaluate root cause for poor financial situation and assess actions for improvement
  • Support and guidance of local and global teams to enable them to understand the financial and legal situation and the resulting risk
  • Being a SPOC for all distressed issues within BorgWarner
  • Escalation in case of identified risk in supplier financial health
  • Develop the best possible accommodations for a supplier from a BorgWarner perspective and drive internal approvals and processes to get it implemented
  • Constantly develop, maintain and improve the capability of risk models, to increase trust and improve the accuracy of the feedback of the department
  • Work on generic financial risk related studies like how will our supply chain change with more Electrification and what does it mean for the financial strength of the existing suppliers
  • Setting audit standards and processes in Supply Chain Management local / global to assure BorgWarner s development towards a pro-active financial risk management
  • Reporting supplier risk management results on a regular basis to the leadership team and enable the decision making by providing holistic information, if escalation is required
  • Implement cross-functional interaction and information exchange and ensure that results are considered in sourcing decisions.
  • Safety and Housekeeping

  • Maintain and comply with Environmental, Health and Safety standards in and around the plant and offices and encourage the same at supplier premises.
  • Teamwork

  • Work in line with company’s matrix management culture
  • Practical approach dealing with customer demands
  • Ability to lead multi-functional teams internally and at the supplier
  • Qualifications :

  • Bachelor’s degree in Industrial Engineering, Business Management, or Finance, Master’s degree preferred
  • Skill Requirements :

  • Minimum 5 years of work experience preferred in automotive or automotive supplier industry in Risk Management related functions or Finance
  • Preferred experience in financial evaluations, risk management or any business related qualifications
  • Understanding of financial concepts
  • Demonstrate experience in implementation of global structures and processes in the automotive industries
  • IT experience is a plus
  • Experience in auditing supplier financials
  • Good communication skills are necessary, as the position will be required to work with Suppliers, legal teams, Plant manufacturing, and Purchasing to ensure the Turbo Systems Supply Chain deliverables are met
  • Ability to work self-directed at a fast pace dealing with multiple tasks
  • Maintain high levels of professionalism and a positive work ethic
  • Fluent English
  • Proficiency with Microsoft office software (Word, Excel, PowerPoint, and Outlook) and the standard financial rating agency reportings are required
  • The successful candidate who joins the Supply Chain Team will be trained in any areas required
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