Senior Specialist : Forex, Hedge Accounting And Cash Flow

Optimal Growth Technologies; Gauteng; On-site; ZAR 800 000 - 1 200 000; Full time

Job summary

A leading financial services firm is seeking a Senior Specialist: Forex, Hedge Accounting Cash Flow to join their FinOps team in Gauteng, South Africa. This role involves managing hedging strategies and cash flow processes, ensuring compliance with operating procedures and reporting. The ideal candidate will have a BCom in Accounting and over 6 years’ relevant experience in financial reporting. Strong problem-solving skills and a capacity for improving operational excellence are essential for this position.

Qualifications

• Minimum of 6 years of relevant experience with a strong background in financial reporting.
• Expertise in hedging strategies and cash flow management is essential.

Responsibilities

• Identify and maintain hedging strategies (Forex).
• Implement and manage Hedge Accounting and reporting.
• Optimize cash flow forecasting methods and models.
• Manage daily cash flow requirements and reporting.

Skills

Problem solving

Hedging strategies

Financial analysis

Cash flow management

Compliance (SOX)

Portfolio management

Education

BCom: Accounting

Job description

Senior Specialist: Forex, Hedge Accounting Cash Flow

The 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.

Responsibilities

• Identify, implement and maintain hedging strategies (Forex)
• 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, portfolio based hedging of foreign denominated commitments
• FX impact analysis and reporting for annual budget, long range plans and rolling forecasts
• Long term and short term cash flow forecasting, including preparation, managing and improving cash flow forecasting methods, models and templates (Cash Flow)
• 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 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.

Qualifications

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