Financial Analyst 3

JOB DESCRIPTION

As Asst Manager FEMA compliance role you will be responsible for ensuring the compliance of the FEMA and related forex exchange law, RBI guidelines. In this role you will be providing monthly / fortnightly update to Finance Management at EPMI on the current status of FEMA compliances and measures taken / required to be taken to ensure conformity with the said law. You will have the opportunity to work on diverse tasks, including collaborating with cross functions and business unit. A detail-oriented role with a endeavor and clear mandate on ensuring compliance with Forex laws.

In This Role, Your Responsibilities Will Be :

Ensuring correctness of payment transactions for upload, resolution of discrepancies and upload

Co-ordination with various external and internal stakeholders to ensure compliance with FEMA regulation for Payment and Receivable related transactions

Overall FEMA tracking for EPMI legacy entity

Driving compliance of FEMA at entity and EPMI BU level along with bankers and other stakeholders

Preparation of data and report for discussion with WA and Regulatory

Setting up routine process for timely clearance of FEMA payables and receivables

Other Support for Statutory / Group Audit

Support in monthly closing activities

Support on various ad hoc reviews and report at India / WA

Who You Are :

You accurately track all compliances across imports, exports, MTT, etc under the Foreign exchange law prevalent in India.

You ensure timely action for resolution of FEMA issues, update to Management and expedite any long standing pending FEMA compliances.

You coordinate with banks and internal stakeholders including functional team and BU teams for ensuring the timely FEMA compliances

You effectively coordinate with internal Finance teams across BUs for entity level control and visibility of these compliances

You should be able to communicate with working groups at bank , GFS, BU or Entity and functional teams and also escalate the issues in hierarchy if issues not resolved.

For This Role, You Will Need :

Bachelor's degree in Commerce / Inter CA with min 3-5 years of experience in Forex laws and FEMA.

High Adaptability to manage complex compliance issues .

Advance Excel Skills

Strong and effective Communication skills

Understanding of ERP (Oracle)andMSOffice software like MS Excel, MS Word and PowerPoint.

Ability to work in highly demanding matrix organization with complex process, systems and tools

Strong and effective Communication skills

Coordinate with external stakeholders including Customers / Banks

Effective communication with Management Stakeholders for progress, concerns and reviews

Organisation skill to handle large volume of data

Great teammate who buildsandmaintains positiveteam memberrelations.

Able tomanageandschedulemultipleprioritiesandmeetdeadlines. .

Key relationships : BU teams

Collaborate with BU team for key documentation and process improvement required for FEMA compliances.

Functional teams - Purchase, Logistics, etc :

Request support for documentation and process improvements, timely payment.

Finance teams across BU and Entity

Management reports for current status, measures to be taken and way forward for compliance in FEMA.

Global Teams :

Collaborate on various unresolved issues and communicate and implement effective solutions.

Our Offer to You :

By joining Emerson, you will be given the opportunity to make a difference through the work you do.

Emerson's compensation and benefits programs are designed to be competitive within the industry and local labor markets . We also offer a comprehensive medical and insurance coverage to meet the needs of our employees.

We are committed to creating a global workplace that supports diversity, equity and embraces inclusion . We welcome foreign nationals to join us through our Work Authorization Sponsorship .

Skills Required

Forex laws, ERP Oracle, FEMA compliance, Advance Excel Skills