Financial Analyst 3 at Emerson autotmotive

Pune, maharashtra, India -

Full Time

Start Date

Immediate

Expiry Date

01 Feb, 26

Salary

0.0

Posted On

03 Nov, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Yes

Skills

FEMA Compliance, Forex Laws, Communication Skills, Excel Skills, ERP Understanding, Data Organization, Stakeholder Coordination, Audit Support, Regulatory Reporting, Payment Transactions, Process Improvement, Team Collaboration, Matrix Organization, Problem Resolution, Timely Compliance, Ad Hoc Reviews

Industry

Automation Machinery Manufacturing

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) and MS Office 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 builds and maintains positive team member relations. Able to manage and schedule multiple priorities and meet deadlines.. 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.

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Responsibilities

You will ensure compliance with FEMA and related forex exchange laws, providing updates to Finance Management. The role involves coordinating with various stakeholders and preparing reports for regulatory discussions.