Foreign Payments Controller
Coricraft - Cape Town Cape Town, Western Cape
Job Description
- Accurately process all international supplier payments in accordance with payment terms and company policies.
- Ensure correct application of exchange rates and bank charges.
- Reconcile foreign supplier accounts on a regular basis.
- Prepare reports on foreign payment activity, pending transactions, and currency exposure for management review.
- Ensure compliance with South African Reserve Bank (SARB) exchange control regulations and other relevant legislation.
- Implement and maintain strong internal controls for foreign payments.
- Liaise with banks, internal finance teams, and suppliers to resolve payment queries efficiently.
- Provide guidance and support to internal stakeholders regarding foreign payment processes and timelines.
- Identify opportunities to streamline foreign payment processes and reduce operational risk.
- Monitor foreign exchange risks and advise management on mitigating strategies.
- Provide support during month-end and year-end processes, ensuring accurate reporting of foreign currency transactions.
- Assist with audits related to foreign payments and ensure all supporting documentation is complete and accurate.Take ownership and accountability for tasks and activities and demonstrate effective self management and follow-through with agreed deadlines
- Demonstrate a strong excellence / quality orientation
- Maintain a positive attitude and respond openly to feedback
- Manage colleagues and client’s expectations and communicate appropriately
- Manage own disruptive emotions (handle stress in ways that do not negatively impact others)
- Participate in the ongoing trainings and attend courses to stay to abreast with international developments in HR.
- Be keen to participate in seminars or any conferences in line with prescribed scope of work.
Requirements
- Grade 12 Certificate
- Certificate or Diploma in Finance, Accounting, or Business Administration
- Minimum of 5 years’ experience in foreign payments, accounts payable, or treasury functions, preferably within a retail or high-volume environment
- Strong understanding of foreign currency transactions, exchange control regulations, and international banking processes
- Experience with reconciliations, reporting, and managing supplier queries professionally
- Proficiency in Microsoft Office, particularly Excel, and experience with ERP or accounting systems
Strong attention to detail, numerical accuracy, and ability to work under tight deadlines.