Job Description

An

Accounts & Finance Head in Mumbai with Forex & Treasury expertise

leads cash flow, manages FX risk (hedging, dealing, liquidity), oversees remittances (SWIFT, FEMA), ensures RBI compliance, handles banking, and guides financial strategy, requiring strong leadership in short/long-term fund management, typically with 9+ years experience, often involving wholesale/retail forex operations.

Key Responsibilities:

Treasury Operations:

Manage day-to-day cash, liquidity, interbank transactions, and optimize investment returns.

Forex Management:

Lead FX dealing (wholesale/retail), quoting rates, hedging open positions, and managing currency risk.

Remittance & Settlements:

Oversee efficient forex remittance processes, SWIFT-based settlements, and trade documentation.

Compliance & Risk:

Ensure adherence to FEMA, RBI guidelines, manage forex documentation, and implement risk mitigation strategies.

Financial Strategy:

Guide long-term capital structuring, fund utilization, and investment strategies.

Team Leadership:

Manage the FX/Treasury desk, provide direction, and ensure smooth operations.
Key Responsibilities

Processing Forex Transactions:

Execute inward and outward remittance transactions in strict compliance with RBI guidelines. Ensure timely settlement of all foreign currency payments and receipts. Verify exchange rates and apply appropriate rates accurately during transactions.

Documentation & Compliance:

Prepare and meticulously verify all necessary documents, including invoices, shipping bills, Bills of Entry (BoE), and Foreign Inward Remittance Certificates (FIRC). Ensure unwavering adherence to FEMA, RBI, and bank-specific regulations. Maintain up-to-date knowledge of purpose codes (e.g., S0602, S0803) and their correct application. Coordinate effectively with banks for all transaction-related queries and approvals.

Communication & Coordination:

Coordinate seamlessly with internal departments such as procurement, treasury, and finance. Liaise effectively with customers, suppliers, and banks to promptly resolve any payment issues. Proactively follow up for any missing documents or payment instructions to ensure smooth operations.

Reporting & Reconciliation:

Maintain accurate and comprehensive transaction records within our ERP or accounting systems. Prepare regular reports on forex transactions, outstanding payments, and realized gains/losses. Assist in the monthly reconciliation of forex payments and foreign currency bank accounts.

Risk Management:

Monitor currency fluctuations and assess their potential impact on payments. Suggest hedging strategies (e.g., forward contracts) where applicable and if part of the role's scope. Actively work to minimize exposure to foreign exchange risks.

Banking Interface:

Set up and efficiently manage foreign currency bank accounts. Handle SWIFT messages (e.g., MT103, MT202) with precision. Monitor transaction charges and ensure the most cost-effective routing of payments. Oversee Bank Guarantee issuance processes. Audit & Internal Controls: Provide comprehensive support for various audits, including internal, statutory, and forex-specific audits. Maintain complete audit trails and ensure full compliance with internal control standards.
Job Types: Full-time, Permanent

Pay: ₹500,000.00 - ₹900,000.00 per year

Benefits:

Health insurance Provident Fund
Work Location: In person