Key Responsibilities

Foreign Exchange & Forward Cover Management

• Monitor foreign currency exposure and execute forward cover strategies to minimise exchange rate risk.
• Manage the timely settlement of foreign exchange contracts and Letters of Credit.
• Ensure adherence to foreign exchange policies and procedures.
• Execute and accurately record forward cover purchases and settlements.
• Prepare monthly and ad-hoc reports on foreign exchange positions.
• Manage quarterly hedge accounting processes, including relevant tax calculations.
• Communicate exchange rates to stakeholders and ensure all systems are updated accordingly.
• Collaborate with internal and external stakeholders to assess and maintain forward cover requirements.

Forecasting & Budgeting

• Forecast the impact of foreign exchange movements on financial performance and balance sheet accounts.
• Assist with annual budgeting processes, including the budgeting of currency fluctuations and foreign exchange differences.

Risk Management & Process Improvement

• Identify opportunities to improve systems, controls, and processes.
• Continuously evaluate foreign exchange products and structures to optimise risk management strategies.
• Support initiatives that maximise the utilisation of alternative invoicing structures where commercially beneficial.

Financial Reporting & Controls

• Produce accurate financial reports and maintain robust financial records.
• Support effective cash flow management and financial controls.
• Perform monthly reconciliations of foreign exchange-related accounts.
• Ensure reconciling items are valid, investigated, and resolved within required timelines.
• Manage month-end, year-end, and external audit requirements.
• Ensure compliance with relevant accounting standards and regulatory requirements.

Market Research & Economic Analysis

• Monitor global economic trends, currency markets, and geopolitical developments.
• Conduct technical research and financial analysis to support decision-making.
• Attend market briefings and economic presentations where relevant.
• Assess the impact of economic events and market developments on foreign exchange strategies.

Minimum Requirements

• Bachelor's Degree or equivalent tertiary qualification with Accounting as a major.
• Qualified Chartered Accountant (SA).
• Minimum 3 years' post-qualification experience.
• Strong experience in financial and management reporting within a commercial and/or retail environment.
• Proven expertise in foreign exchange management, hedge accounting, and financial controls.
• Proficiency in SAP S/4HANA.
• Advanced Microsoft Excel and Google Workspace skills.
• Strong understanding of financial reporting standards, risk management, and treasury functions.

Key Competencies

• Exceptional attention to detail.
• Strong analytical and problem-solving abilities.
• Commitment to quality and accuracy.
• Ability to perform effectively under pressure and meet tight deadlines.
• Commercially astute with strong business insight.
• Excellent communication and stakeholder engagement skills.
• Influential leadership style with the ability to operate strategically and operationally.
• Highly organised with strong planning and execution capabilities.

What You'll Bring

You are a proactive finance professional with a deep understanding of foreign exchange markets and financial reporting. You thrive in a fast-moving environment, enjoy solving complex financial challenges, and have the ability to translate technical financial information into meaningful business insights that support strategic decision-making.
If you are looking for an opportunity to make a significant impact while working at the intersection of finance, risk management, and commercial decision-making, we would love to hear from you.

Apply now!
For more exciting Finance vacancies, please visit: www.networkrecruitmentinternational.com
 
I also specialise in recruiting in the following:
Finance, Accounting, Costing, FP&A, CA (SA), SAICA, SAIPA, CIMA
If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles / positions.
For more information, contact: https://www.linkedin.com/in/monique-du-preez-73869993/
Monique Du Preez
Recruitment Consultant
Connect with me on LinkedIn!