Are you a detail-oriented finance professional with a passion for foreign exchange and financial excellence? We're looking for a skilled FOREX Finance Manager to lead our forex management, be responsible for hedge accounting, ensure accurate financial reporting and regulatory compliance, manage foreign currency risk, and support our buying teams with competitive seasonal costing rates that help us deliver the lowest prices to our customers.
KEY RESPONSIBILITIES
Forward cover buying:
Monitor foreign currency exposure and execute forward cover to minimise exchange rate risk
Ensure timely settlement of Letters of Credit and foreign exchange contracts
To ensure compliance with and relevance of the Group's forex policy
Timely execution & recording of forward cover purchases & subsequent settlement thereof
Monthly and ad-hoc reporting of forward cover position
Accuracy of quarterly hedge accounting (including tax calculations on affected contracts)
Timely communication of all relevant exchange rates and ensuring all systems reflect the correct rates
Engagement with relevant stakeholders (internal & external) to obtain, maintain & critically assess the forward cover requirements
Forecasting & budgeting:
Risk management:
Assess opportunities for systemization and process enhancements
Constant evaluation of the most effective forex products & structures to be used
Ensure optimum utilisation of Rand invoicing through engagement with Supply Chain
Financial reporting:
Ensure only valid reconciling items appear on the reconciliations and that the reconciling items are cleared timeously
Attend to all month-end, year-end & external audit matters
Global economic monitoring, research, and analysis:
Perform relevant research and technical analysis, including the attendance of economic presentations
Continuously assess the impact of market news & events on our forward cover buying strategy
