Senior Specialist: Forex, Hedge Accounting and Cash Flow

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