Optimal Growth Technologies is a technology services and consulting company that provides tailored IT solutions to organizations of all sizes. Their offerings include digital innovation, data and…
Optimal Growth Technologies is a technology services and consulting company that provides tailored IT solutions to organizations of all sizes. Their offerings include digital innovation, data and…
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
Cash Flow:
The ideal candidate for this role will have:
BCom: Accounting essential
Minimum of 6+ years relevant experience with a strong background in financial reporting
FX impact analysis and reporting for annual budget, long range plans and rolling forecasts
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.
