About Us:

Who is Mercedes-Benz Financial Services?
Mercedes-Benz Financial Services, part of the global company Mercedes-Benz Mobility AG is the captive financing and mobility solutions company of the global luxury automobile manufacturer, Mercedes-Benz AG. We offer a comprehensive range of automotive financial and insurance products that make it easy for our customers to drive their dream Mercedes-Benz vehicle.  
 
Why work at Mercedes-Benz Financial Services?
Working at Mercedes-Benz Financial Services is more than a job – it’s an opportunity to join an innovative team where you are valued for your contributions. As an employee, you will experience career development in a positive, employee-centric environment. We’re a global company that not only offers best-in-class products to our customers but also best-in-class benefits to our employees. Our employees experience a comfortable, friendly environment and relaxed, inclusive culture.   

Benefits

When working at Mercedes-Benz Financial Services, you will enjoy a comprehensive and amenity-rich benefits package offering something for every employee at each stage of their life. 

As a new employee, you will have the opportunity to take advantage of the following benefits that go beyond – beginning day one:

Get Rewarded! Competitive salary plus an annual bonus based on company performance and/or personal yearly performance  

Need a vacation? How about just some time for YOU! In addition to our vacation time, you’ll receive fifteen (15) additional corporate holidays, which will allow you to celebrate religious holidays or escape to the spa! Designed to be flexible, we let you decide which days are most important to you!

Ride in Style - All employees are eligible to participate in the Mercedes-Benz Employee Lease Program

We want you to be healthy!  Outstanding medical, dental, and vision insurance, employer-paid short and long term disability plus on-site exercise facilities

Is your family growing?  Enjoy generous paid Family Leave Programs  - Six Weeks for New Parents; Adoption Expense Reimbursement Programs - up to $6k per child  

Want to go back to school?  Tuition Assistance Scholar Program - receive up to $8k in vouchers to complete business-related coursework

• $6k for undergraduate
• $8k for graduate

Job Overview:

Manage the wholesale inventory audit process to minimize the risk and exposure of Mercedes-Benz Financial Services wholesale dealers and to ensure that sold units are paying off timely, as well as to determine the accuracy of the wholesale balance line.
Perform financial statement analysis and fleet lease line compliance reviews of dealerships in order to provide an unbiased evaluation of the audit subjects for lending purposes. 
Financial and Wholesale audits are conducted to determine the integrity of the customers’ financial reporting, the security of MBF’s collateral interest and the accuracy of the wholesale portfolio. 

Responsibilities:

• Manage wholesale internal audit results to ensure that audit policies and global products have been properly followed. Responsible to correct and close audits by adhering to Global product and Credit rules and waiving audits when deemed necessary. Prepare all closing documentation and make recommend to Credit managers actions needed to remedy discrepancies and audit findings based on guidelines and business needs. Initiate audit procedure changes when required based on feedback from dealers and Dealer Credit. Discuss critical audit results and recommendations with senior management and VP’s based on internal escalation process. Prepare follow-up audit procedures for unsatisfactory audits and troubled Dealers by aligning approach with Dealer Credit managers. Depending on severity of previous audit results and if  audit results were escalated to senior managers or VPs, alignment will take place with senior management or VPs. Key Contact person at dealership is dealership’s CFO. All relevant findings and appropriate recommendations are communicated and agreed upon with CFO. Based on the size of the Dealer the contact person can also be an appointed controller by the CFO. Manage take-over audits by coordinating internal auditors schedule and field work, as well as buyers, sellers, Dealer Credit and Sales needs up to the wire issuing. Conduct & lead department testing for SOX, Internal Assessment & Corporate Audits. (40%)

• Oversee and manage 2 team members, 1 wholesale internal auditor and 1 analyst. Manage in terms of selection, performance management, coaching and providing feedback. Ensure successful training and development planning regarding Audit policies, Credit rules and Global Product Rules. Provide ongoing training support for the third party vendor auditors and in case that it will necessary conduct extensive training for newly onboarded vendors to ensure our dealers are audited according to our audit procedures and CustomerONE expectations. (25%)

• Lead and perform Limited Financial Reviews (LFR) and Bank Cutoff (BCO) of any kind of Dealer's size including multiple and large complex automotive dealerships balance sheet in accordance with Generally Accepted Accounting Principles( GAAP) with emphasis on working capital, net worth and net cash and vehicle Equity. Perform Lease Line Audits (LLA) compliance audits of MBFS Dealers to evaluate adequacy of internal control systems, operating policies and procedures. Evaluate the customers degree of compliance with the MBFS loan requirements. (25%)

• Responsible for ensuring that third party vendors that conduct approximately 95% of the wholesale audit on our behalf adhere to the Audit procedures that are in line with our Global Product and Credit Rules. Manages SLAs between MBFS and external vendors, ensuring that vendors comply to their specific SLA and that non-compliant actions are remediated and properly credited to MBFS (penalty payments). Manage audit frequencies based on the categorization model in alignment with Dealer Credit Managers. (5%)

• Provides CustomerOne service to Dealer Credit by ensuring that their needs are covered to the best of the team’s ability including but not limited to: adjusting Vendor and Internal Auditors’ schedule due to re-prioritization based on the risk based concept, assessing and balancing what is more critical to MBFS taking in consideration the take-overs business importance and the financial risk of trouble dealers. (5%)

Qualifications:

Applicants must be legally authorized to work in the U.S. at the time of application. Relocation assistance will not be provided for this position. 
This position requires a minimum of 5 years of overall work experience. Preferred experience includes:

• Accounting: 2 years
• Audit: 3 years
• Business-General: 3 years
• Credit: 1 year
• Finance: 1 year
• Risk Management

Education:
Bachelor's Degree is required. Master's Degree is preferred. Recommended majors include:

• Accounting
• Business Administration
• Economics
• Finance

Required: Driver's License 

Additional Knowledge:

• Thorough understanding of GAAP and detailed understanding of credit extension. 

• Certified Public Accountant or Certified Internal Auditor preferred, but not required.

Skills:

• Analytical skills
  • Ability to collect data and establish facts and identify trends and variances.
  • Ability to integrate information from a variety of sources with varied levels of complexity.
  • Ability to review and interpret and evaluate statistical information.
  • Ability to formulate and test hypotheses for the purpose of forecasting outcomes. 
• PC skills
  • Microsoft Office
• Presentation skills
• Problem Solving skills
• Project Management skills
  • Project leader, Team member

Additional Skills:

• Excellent written and verbal communication skills 
• Time management
• Ability to interact with a wide variety people both internally and externally
• Work independently and in a team environment
• Desire to take on additional tasks to support the team.

Recommended Prerequisites:

Staff Auditor-Any Finance/Accounting/Controlling/Credit position with an Accounting or Finance Degree
   

Posting Statement

If you were not re-directed successfully after clicking the “Apply for this job” button, please click the following link to search and apply for the role on the local career portal: https://daimler.taleo.net/careersection/ex/jobsearch.ftl

Mercedes-Benz Financial Services offers competitive salary, performance-based bonuses and a full suite of benefits including 401(K) with match, generous vacation and personal time, a Mercedes-Benz car program as well as flexible work arrangements. 

EEO/Minorities/Females/Disabled/Vets

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