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Foreign Exchange Specialist

Foreign Exchange Specialist

TaggdChennai, Tamil Nadu, India
30+ days ago
Job description

FX Risk Management

  • Execute FX spot, forward, and swap transactions in line with the company’s hedging strategy.
  • Monitor and manage daily FX exposures and ensure alignment with internal risk limits.
  • Liaise with banks and financial institutions to obtain competitive FX rates and market insights.
  • Analyse market trends, macroeconomic indicators, and geopolitical developments to support FX decision-making.
  • Collaborate with internal stakeholders for Forex Exposure collation.
  • Ensure compliance with internal policies, RBI / SEBI regulations, and audit requirements.
  • Assist in developing and implementing FX risk management strategies and policies.
  • Record accounting entries in SAP for newly booked forex hedge contracts, premature utilisation, early delivery charges (cash flow), and hedge contract cancellations.

Investment Reporting

  • Responsible for reporting downstream investments with AD Bank for obtaining approval of Form DI through the RBI FIRMS Portal.
  • Prepare and submit Form FC for overseas investments, including updates related to changes in SDS details and liquidation of SDS entities.

    • Month / Quarter End / Yearly & Daily activities

  • Preparing and passing provisional entries on monthly basis relating to CG Commission, FX Derivative MTM, ECB MTM, and charging cost to books quarterly pertaining to ECB Interest.
  • Reconcile FX Derivative Contracts between SAP and bank records.
  • Preparation of Fx P&L monthly and Board note quarterly.
  • Preparation of UFCE quarterly and circulating to AD banks.
  • Preparation of Annual Performance Report for overseas subsidiaries
  • Preparation of FLA yearly.
  • Preparation of Anticipated exposure yearly for circulating to AD banks to set up limits for Hedging limits.
  • LEI Renewal for Ashok Leyland limited

    • QUALIFICATIONS & EXPERIENCE :

  • Qualified Chartered Accountant with 5–8 years of experience in a corporate treasury or bank with FX dealing exposure.
  • Understanding of FX markets, instruments, and risk management practices.
  • Understanding of Accounting for Financial instruments
  • Knowledge of RBI guidelines and FEMA regulations.
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    Specialist • Chennai, Tamil Nadu, India