Senior Specialist: Forex, Hedge Accounting and Cash Flow

5 hours ago

Midrand, Gauteng, South Africa Optimal Growth Technologies Full time R1 200 000 - R2 400 000 per year

Senior Specialist: Forex, Hedge Accounting & Cash Flow
Contract duration: 6 months
Location: Midrand
Role Purpose

  • Senior Specialist: Forex, Hedge Accounting & Cash Flow will be a member of the FinOps team managing the following processes relating to transactions in foreign currency and cash flow related processes in a timely and accurate manner, in accordance with defined operating procedures, policies, SOX, compliance and business partner service level agreements:

Forex:

  • Indentify, implement and maintain hedging strategies
  • Implement, manage and maintain Hedge Accounting, including automation of hedge accounting models
  • Monitor and maintain SOX controls for hedge accounting
  • Forex Reporting, monthly management reporting
  • Review of Hedge accounting journals
  • Approvals of foreign payments workflows
  • Month end accounting of forex related transactions
  • FinOps business partner to optimize hedging strategy through the use of natural hedges, fortfolio based hedging of foreign denominated commitments
  • FX impact analysis and reporting for annual budget, long range plans and rolling forecasts

Cash Flow:

  • Long term and short term Cash Flow Forecasting, including the preparing, managing and improving cash flow forecasting methods, models and templates
  • Cash Flow Optimisation & Management
  • Reconciliation of direct cash flow with indirect cash flow with FP&A team
  • Manage daily cash flow requirements and reporting
  • Working Capital Management & Improvement
  • Month end accounting and reporting
  • Financial Reporting, Planning and Analysis
  • The successful candidate will be required to interact with banking partners, establish close relationships with the other team leaders across Finance, Treasury and Business Partners.
  • The individual will enjoy problem solving and striving to improve the metric of the operational excellence and a culture of continuous process improvement will be essential to ensure world class operational performance.
  • Past achievements will demonstrate an expertise with sub processes, a capacity to work well with people and enjoys solving issues and striving for best practice.
  • The successful candidate will also have the desire and potential capability to go beyond a team leader role in the Forex process.
  • They will be a member of the wider ICO/Cash Flow/Forex/Terminals management team and will be required to perform cross-functional tasks within this team.

The ideal candidate for this role will have:

  • BCom: Accounting essential
  • Minimum of 6+ years relevant experience with a strong background in financial reporting

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