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:
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.
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
.
About Us
WHY EMERSON
Our Commitment to Our People
At Emerson, we are motivated by a spirit of collaboration that helps our diverse, multicultural teams across the world drive innovation that makes the world healthier, safer, smarter, and more sustainable. And we want you to join us in our bold aspiration.We have built an engaged community of inquisitive, dedicated people who thrive knowing they are welcomed, trusted, celebrated, and empowered to solve the world’s most complex problems — for our customers, our communities, and the planet. You’ll contribute to this vital work while further developing your skills through our award-winning employee development programs. We are a proud corporate citizen in every city where we operate and are committed to our people, our communities, and the world at large. We take this responsibility seriously and strive to make a positive impact through every endeavor.At Emerson, you’ll see firsthand that our people are at the center of everything we do. So, let’s go. Let’s think differently. Learn, collaborate, and grow. Seek opportunity. Push boundaries. Be empowered to make things better. Speed up to break through. Let’s go, together.
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About Emerson
Emerson is a global leader in automation technology and software. Through our deep domain expertise and legacy of flawless execution, Emerson helps customers in critical industries like life sciences, energy, power and renewables, chemical and advanced factory automation operate more sustainably while improving productivity, energy security and reliability.With global operations and a comprehensive portfolio of software and technology, we are helping companies implement digital transformation to measurably improve their operations, conserve valuable resources and enhance their safety.We offer equitable opportunities, celebrate diversity, and embrace challenges with confidence that, together, we can make an impact across a broad spectrum of countries and industries. Whether you’re an established professional looking for a career change, an undergraduate student exploring possibilities, or a recent graduate with an advanced degree, you’ll find your chance to make a difference with Emerson. Join our team – let’s go!
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