Company

BMW Of North AmericaSee more

addressAddressWoodcliff Lake, NJ
type Form of workFull-Time
CategoryAccounting/Finance

Job description

The Financial Analysis and Accounting Services Team is responsible for managing the analysis of financial statements for BMW of North America (BMW NA) while leading the accounting, budgeting and forecasting of significant provisions/reserves and deferred revenue in accordance with International Financial Reporting Standards. The team is looking to add a dynamic Senior Accountant & Data Analyst to the support its goals regarding the further automation of accounting and forecasting processes. As a Senior Accountant & Data Analyst on this team you will be working on the accounting, budgeting and forecasting of Warranty/Goodwill/Service Contract related liabilities/provisions as well as on the analysis of financial statements.

Key Responsibilities:

  • Assists the Financial Analysis Lead regarding creation, monitoring, reconciliation, analysis, forecasting and budgeting of Warranty/Goodwill/Service Contract related liabilities/provisions
  • Supports to prepare the quarterly studies of Warranty / Goodwill / Service Contracts liabilities/provisions in order to ensure appropriate reserve levels in BMW NA for future obligations
  • Creates and posts journal entries, monitors development, prepares reconciliation, roll forwards and account analysis
  • Reconciles SAP with BMW origin systems to ensure appropriate posting of interfaces in the areas of Warranty/ Goodwill / Service Contracts. In case of any variances, resolves issues timely and accurately in close cooperation with IT
  • Collaborates with business and PMO whenever new products in the warranty/service contract area are to be implemented including testing of accounting processes
  • Assists in preparing monthly, quarterly and annual financial statements to BMW AG and local management
  • Assists the annual audit and mid-year and interim review of the financial statements and notes by our Independent Certified Public Accounting Firm
  • Supports financial analysis of actual results (balance sheet and P&L) against budget, forecast and actual results
  • Verifies that internal accounting controls related to accounting processes are in place and effective
  • Prepares technical accounting research and guidance as it pertains to current and upcoming IFRS topics
  • Supports the further automation of accounting and forecasting processes

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: $105,213.00 - $123,780.00.

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.Qualifications:

  • Bachelor's Degree in Accounting and 5+ years in general accounting
  • Masters' Degree in Accounting and 3+ years in general accounting can be substituted in
    leu of the above requirements
  • Advanced knowledge of general accounting topics on both the income statement and
    balance sheet areas (IFRS)
  • Advanced analytical skills in order to perform the complex studies / analysis of large data sets
  • Advance SAP Accounting systems application
  • Microsoft Office skills (esp. Word, Excel, Power Point)
  • Exposure to BI Tools (Tableau, Power BI, Qlik, Adaptive, etc)
  • Strong ability to understand IT processes
  • Strong communication skills both verbal and written

Preferences:
  • CPA and/or Master's Degree in Accounting
  • International and/or industry experience
Refer code: 7344244. BMW Of North America - The previous day - 2023-12-18 19:52

BMW Of North America

Woodcliff Lake, NJ
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