Forex Accountant Associate

Atlas Tours And Travels Pvt Ltd; Mumbai; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Atlas Tours And Travels Pvt Ltd is seeking a Forex Accountant Associate to manage all foreign exchange transactions, maintain forex accounting records, and ensure RBI/FEMA compliance. The role requires handling currency purchases, sales, conversions, and remittances, while monitoring exchange rates and preparing MIS reports.

The candidate will reconcile forex accounts with banks, coordinate with financial institutions, and support audits with necessary documentation.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• Masters preferred.
• Minimum 25 years of experience in forex accounting.
• Knowledge of RBI and FEMA guidelines related to foreign exchange.

Responsibilities

• Handle all foreign exchange transactions and maintain accurate forex accounting records.
• Process currency purchases, sales, conversions, and remittances.
• Monitor daily foreign exchange rates and ensure timely updates in the system.
• Reconcile forex-related accounts and bank statements.
• Prepare and maintain MIS reports on forex transactions and balances.
• Ensure compliance with RBI, FEMA, and other regulatory bodies.
• Coordinate with banks, financial institutions, and internal departments for forex operations.
• Assist in audits by providing necessary documents and reports related to forex transactions.
• Ensure proper documentation and filing of all forex-related records and invoices.
• Maintain records of TCS (Tax Collected at Source) and TDS, where applicable on forex transactions.

Skills

Forex accounting

Bank reconciliation

MIS reporting

Regulatory compliance

Education

Bachelor's degree in Accounting, Finance, or related field

Masters preferred

Job description

About the job Forex Accountant Associate

Key Responsibilities:

Handle all foreign exchange transactions and maintain accurate forex accounting records.

Process currency purchases, sales, conversions, and remittances.

Monitor daily foreign exchange rates and ensure timely updates in the system.

Reconcile forex-related accounts and bank statements.

Prepare and maintain MIS reports on forex transactions and balances.

Ensure compliance with RBI, FEMA, and other regulatory bodies.

Coordinate with banks, financial institutions, and internal departments for forex operations.

Assist in audits by providing necessary documents and reports related to forex transactions.

Ensure proper documentation and filing of all forex-related records and invoices.

Maintain records of TCS (Tax Collected at Source) and TDS, where applicable on forex transactions.

Key Requirements:

Bachelors degree in Accounting, Finance, or a related field (Masters preferred).

Minimum 25 years of experience in forex accounting, preferably in travel, finance, or banking.

Knowledge of RBI and FEMA guidelines related to foreign exchange.