Virushka Sing

LOCAL PAYABLE SPECIALIST / FOREIGN TREASURY CLERK SPECIALIST

Johannesburg, City of Johannesburg Metropolitan MunicipalityMember since March 20, 2023

Forex TradingCash Flow BudgetsForex HedgingLetter of CreditsStandby Letter of CreditsForex LoansCashbook ForexLocal CreditorsInvoice ProcessingSAP ERPOnline Compliance BankingSupply Chain FinanceSAP 1PastelVarsExcelVlookupBestReadsoftForeign Exchange Control ComplianceSARS ComplianceVendor ManagementVAT ReturnsBookkeepingGRIR Clearing

About

I am a highly experienced Foreign/Treasury Accounts Specialist with over 9 years' experience functioning at group level managing in the region of 130 international vendors while conducting enterprise wide, cross-functional roles within the group and its subsidiaries. I have an exceptionally good understanding of the businesses, accounts processes when it comes to Treasury and a track record for meeting tight deadlines with sound knowledge of the South African Reserve Bank and Foreign Exchange Control Compliances, Processes and policies. My strengths are Forex Trading, cash flow budgets, Forex Hedging, Opening of Letter of Credits as per payment terms, Standby Letter of Credits, ensuring that this is strictly monitored.

Forex loans, reconciling CFC accounts, Opening of CFC accounts, Cashbook Forex, Reconciling. I have 12 years as a Local Creditors specialist not limited to Reconciling accounts, allocating payments to Vendors accounts, Balancing of Vendor Statements against general Ledgers. I have always strived to showcase my strengths as I am passionate abouts accounts payable.

I am a team player, working with identifying and solving queries soundly within the time limit period vehicle balancing current workflow.

Experience

Junior Bookkeeping - Nashed Tuned

(2025-10)

Processing of high volumes of invoices
Resolve Discrepancies
Matching of PODs to invoices, discrepancies of invoices not processed on time
Coding of products on system for payment processing – Sublets & Internal Departments
Monthly SARS Vat Returns
Keeping track of Asset Register
Stock Control of Purchase Products
Receipting of Cash Book Entries Trial Balance
Loading of Beneficiaries, Assigning of Pmts
Reconciliation of General ledger Accounts

Creditor Clerk – Local & Forex - Pferd Tools South Africa

(2025-07 - 2025-09)

Invoice processing Intercompany & Head Office high volume processing
Match Purchase orders to invoices
Review research past view invoices, resolve discrepancies
Coding of invoices as per department
Update and assigning of Vendors of system
Creditors Reconciliation General Ledger & Statement, Local/ Forex
Payment Proposals, Monthly, COD Payment Run, 15 and 25 days includes Adhoc Payments
GRIR Clearing Accounts
Payment Postings
Creditors Age Analysis Clearing

Logistics and Suppliers Payment Controller / Transporter Payable Controller - Oza Holdings (Pty) Ltd

(2023-11 - 2025-06)

Process invoices reaching deadlines. Book value 60 million 15 day terms. Sorting Queries relating to payments. Discussing Payable reports, maintaining Cash Flow Budget. Maintaining Payment Schedules.

Reports for Cash Flow Payables
Payment Advice/Payment Schedule process - Creditor Reconciliation
POD / GRIR Reconciliations
Creditors Age Analysis SAP

Financial Administrator - Nashed Tuned

(2022-11 - 2023-10)

Managed a Group of 4 staff.

Vat Receivable/Payable
Asset Register
Weekly Wages
Bookkeeping till Trial Balance
Accounts Payable
Accounts Receivable
Banking
Loading Beneficiary
Assigning Payables

Group Financial Controller Payable Specialist – Forex Treasury - Dischem Group - Midrand

(2022-03 - 2022-10)

Treasury Clerk opening of Accounts for the Group, for Banks, ensuring all documents are accurate and transparent.

Advance

Knowledge of Hedging for payables and Loans, Track record of Letter of Credit and Standby Letter of Credits from process from the start to the completion of the contract. Sound knowledge of processing KYC strict compliance and verification of documents. Maintaining a Cash Flow budget. Working on Bank Platforms for Trade e.g Emarket. Liaising with Forex dealers for ongoing Rates as it is done online. Sorting out queries with the Forex Traders should be required, work with high volume trades and confident with the work done, high levels of accuracy when processing documents relating to Forex.

Group Vendor Management
Estimate currency invoice values processed monthly USD2.5 million, EUR 500 000 – 1.5 million, GBP 50000
Single handedly maintained the Dischem Group's vendors consisting of +/- 130 international countries (two company entities), undertaking and non-undertaking suppliers
Reconciled Forex Vendors - payables, average of 50 International invoices monthly with discounts and trading payment terms in place with 99% accuracy rate and a variation of 1% per year
Managed and maintained the process of International Vendor invoices based on their credit limit for currencies USD, EUR and GBP payable on Supply Chain Finance System
Supply Chain Finance external teams, discussed and interacted with International Suppliers on boarding/registration
Ensured vendor clearing accounts are balanced and cleared month end
Handled Supply Chain Finance Platform for all foreign Payments within the Group - Stock invoices
Maintained Foreign Exchange Control Derivatives for payables invoices in duration tenors of 3 months, 6 months and 12 months, tracking foreign Exchange Control and Spot Foreign Exchange Control Rates till maturity dates, meeting deadlines timelines
Handling of all foreign supplier accounts for the Group as per set payment terms
Maintaining and opening of Purchase Orders, Locking Forex Rates for stock invoice
Handling Letter of Credits/Standby Letter of Credits for Freight Shipping as per trading payment terms, Liaising with the Treasury departs at banks, forwarding necessary documents eg BOL, Invoice, SD500, Marine Insurance Policy to open the LC and Standby Letter of credit
Opening of Letter of Undertaking, understanding the process involved with the Company that has obtained a Letter of Undertaking and the Company that does not have as worked with two entities on different levels
Balancing of Cash Books till Trial Balance – for all loans payable and Vendors Stock Payables for the Group
Assisting External Auditors for all foreign Creditors Payables/Custom Duty Audits – SARS Compliance
Maintained credit / refunds
Cash Flow weekly reports maintained. Cash Flow Budgets for Loans maintained
Balanced invoice payables to stock GRN at Distribution Centre Level
Local Payables completed task on monthly bases as per trading term payables dates, great time keeping, and accuracy to detail, paying invoices between 1 to over 200 invoices, relates to the vendors
Emailing statements to suppliers after payments processed
Professional approach with internal Distribution teams for Imports stock payables queries etc. export of unsold stock, obtaining large credit refunds
Managed and Opening of CFC accounts for Two Entities, balancing and reconciling of purchased rates used for Stock payments, for both entities
CFC reconciling of account, deadline driven
Overseeing that payment deadlines are met on the CFC accounts, working with external banks, sending of Freight, Custom Duty Documents for payments no letter of undertaking in place
Costing of Import Goods – sound knowledge, Excel
Resolved reconciliation queries on a daily basis for foreign and local accounts payables to prevent escalation on queries such as damaged goods, pricing, credit notes, stock unaccounted for when payment is processed, incorrect stock provided by International Suppliers
Followed up and completed all queries provided by the Internal Distribution Centre, damaged goods, missing stock, damaged containers