Financial Analyst - BMW Of North America
WOODCLIFF LAKE, NJ 07677
About the Job
Key Responsibilities:
Target steering and monitoring:
- Prepare and support BMW Group planning submissions (Budget / Forecast / ad hoc requests) in
adherence with BMW Group reporting guidelines for structural overheads - Allocate budgets to department cost centers based on approved funding metrics
- Prepare monthly financial close in close collaboration with accounting and relevant departments/ business units
- Prepare detailed monthly analysis of actuals vs. plan and monitor level of target achievement
- Assist with preparing financial analysis for central controlling division spend and other structural overheads
- Challenge questionable expenditure and ensure alignment with financial targets, alert management about any irregularities
- Recommend measures to management to ensure target achievement
- Advise management of risks and potentials
System controls:
- Perform financial controlling review and release as per purchasing policy for purchase requisitions, call off purchase orders, miscellaneous billing, new project proposals, and financial process changes with a focus on approved budget topics
- Support preparation and allocation of budget and forecast for central departmentsand US holding within local finance system(s)
- Ensure proper controls are implemented with local finance systems and recommend internal controls where needed
- Ensure all controls are being met, budget impact is measured, evaluated, and internal approval
processes are being adhered to before release - Support and follow-up on any audit points for structural overheads for BMW NA and relevant central topics
- Create WBS elements and cost centers. Ensure project coding is compliant with Group international finance template
Market COOP/Dealer Funding:
- Execute fiduciary responsibilities for market COOP funding and dealer funding (planning and payment process
Digitalization:
- Improve and automate existing processes using BI tools (e.g. QLIK Sense)
- Update and maintain existing BI tools
GFBB:
- Support implementation of GFBB in the US market
Join the BMW North America team and enjoy a high-performance Total Rewards package that may include:
- Medical, Dental, and Vision insurance
- All with options for $0 Employee contribution
- 401(k) with Company match
- Retirement Income Account (RIA)
- Employee vehicle program
- Bonus eligibility
- Paid Parental Leave of up to 6 weeks
- Paid Time Off in addition to Company paid holidays where eligible
- Hybrid work environment
- Voluntary Benefits to fit your needs
The pay range for this role is: $59,077.00 - $70,048.00.
The selected candidate's education, skills, experience, and location will be used to determine the final salary offer. All pay ranges are based on a full-time work schedule. This statement is in accordance with state and local pay disclosure requirements.
Even more so than the generous compensation and benefits, the culture and values of BMW of North America makes it the ultimate working environment. These values are Responsibility, Appreciation, Transparency, Trust, and Openness. We allow these values to guide the way we conduct ourselves and our business.
At BMW, we are driven by diversity, equity, and inclusion. We are proud to be an Equal Opportunity Employer and are welcoming of all individuals, regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status. Requirements:
- Bachelor's degree in Business Administration, Business Analytics, Data Analytics, Finance, Accounting/Controlling, Economics or related field
- 1+ years experience in Finance, Controlling, Accounting, Economics or Financial Markets
Preferences:
- BMW Group Experience
- Proficiency in Microsoft Office (including but not limited to, Excel, Power Point, Word)
- Experience using BI tools (e.g. QLIK Sense, Tableau)
