Germiston: Foreign Payments Manager

About the Role

The Foreign Payments Manager will be responsible for carrying out accounting and administrative duties, including procurement of foreign currencies, managing exchange rates, processing and payment of suppliers’ invoices, reconciliation of statements, remittance advice, and overseeing local creditor payments.

Key Responsibilities

• Manage Import payments within SARB regulations, manage the Group’s Forex requirements, and verify local creditor payments.
• Oversee banking requirements as well as cross-border payments.
• Ensure best practice on Forex purchases, posting of foreign payments, preparing supplier remittance advice, capturing payments on Banking system.
• Balance monthly CFC accounts.
• Check local creditor payments and cross-border payments.

Requirements

• Grade 12 with a Tertiary Accounting qualification
• At least 5 years experience in Foreign Import department, working with Foreign payments and Forex Trading
• Trade System experience (Tradecloud advantageous)
• Financial System (Sage) is required

Salary & Benefits

Not specified

Key Performance Areas

### Financial KPA

To process Import payments within SARB regulations, manage the Group’s Forex requirements, and verify local creditor payments. Oversee banking requirements as well as cross-border payments.

• To ensure best practice on Forex purchases, posting of foreign payments, Preparing supplier remittance advice capturing payments on Banking system.
• Balancing of the monthly CFC accounts.
• Checking local creditor payments and cross border payments.

### Customer KPA

To enhance customer experience and maintain high service levels and maintain SLAs with internal and external customers.

• Ensuring processes are adhered to and internal customers follow requirements and procedures within agreed lead times.
• External customers ensure processes meet legislative requirements with SARB, SARS, Local bank.
• Ability to establish and maintain good client relationships, both internally and externally at all levels.

### Operational KPA

To ensure efficient functioning of Forex purchases and foreign creditor payments.

• Ensure best practice on Forex purchasing using protection strategy as far as possible.
• Ensure best practise on rates for costing, taking in consideration, levels at time of costing.
• Ensure deals are secured for uncovered periods.
• Forecasting Forex requirements based on monthly reporting for all major currencies.
• Ensure to stay current on financial developments.

### Learn & Grow KPA

To enable Import Staff to perform competently in line with legation within client SOPs.

• On the Job-training for Import employees.
• To maximise training to gain more experiences and ensure good quality.
• Report training needs, areas of improvement.
• Maintain a daily learning culture based on operational and team development skills.

Decision Making Criteria

1. Costs – Supplier pricing queries not matching the Purchase order

2. Risk – price errors

3. Customer experience – delays in the system that is delaying a customer – make a decision to overrule

4. Efficiency – make a decision/ or change the process if efficiency is compromised

Competencies Required

### Knowledge

1. In-depth knowledge of Foreign payments

2. Knowledge of shipping industry regulations

3. SARS legislation: Tariffs and Duties application

4. Bond Store Management

5. MDP programme

6. NRCS, PRCC and Import Permits

7. Homologation regulations

8. Exchange rates

9. ITAC Permit

10. VAT rules for Export

11. Port Rules

### Skills

1. Must be accurate and pay attention to detail

2. Computer Literate

3. Organised and able to multitask

4. Emotional Intelligence to deal with a high pressurised atmosphere

5. Participative and able to work as part of the team.

6. Ability to meet deadlines

7. Work well under pressure

### Attitude / Behavioural Requirements (Compulsory)

1. Focused

2. Time and Energy

3. Trustworthiness & Ethics

4. Trust

5. Results Orientated

6. Change the mood

7. Adopt a growth mindset

8. Contingency plans

9. Generally optimistic

10. Want to succeed

11. I care!

12. Uplift others