Forex & Hedge Accounting Specialist

Forex and Hedge Accounting Specialist

Contract duration : 6 months

Location : Midrand

Role Purpose

• The Specialist : Forex and Hedge Accounting will be a member of the team managing the foreign transactions and accounting processes in a timely and accurate manner, in accordance with defined operating procedures, policies, SOX, compliance, IFRS 9 and business partnering.
• The Specialist : Forex and Hedge Accounting is responsible for the accounting treatment of hedge accounting, ensuring timeous forex payments and dealing of forex receipts.
• The individual will enjoy problem solving and striving to improve the metric of the operational process.
• The incumbent will be a member of the wider FinOps teams.
• They will be required to have excellent communication skills and to be able to interact with people from different environments, internal as well as external stakeholders
• A culture of continuous process improvement will be essential to ensure world class operational performance.
• Accountable for completeness and accuracy of accounting and reporting related to foreign exposure and hedge accounting in terms of IFRS 9
• Support the rest of all relevant stakeholders with forex related requests and queries
• Establish a close relationship with the other teams across Finance Operations, Finance Business Partners, Group Treasury, Transactional Cash Management team
• Interact with the Global Process members, peers in the Shared Services and cash management process team members;
• Advise all relevant stakeholders on forex related transactions, IFRS 9 accounting, processes, and reporting; and
• Identify opportunities to optimize forex related cash flows and strive to streamline and improve processes.

Your responsibilities will include :

The ideal candidate for this role will have :

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