Foreign Remittance

1 week ago


Lower Parel Mumbai Maharashtra, India Oncloudz Softech Pvt Ltd Full time

POSITION
:
Accountant ( Foreign Remittance )


JOB TYPE:

FULL TIME

Educational Qualification:
Bachelor's Degree

Salary 35k/- per month

Experience: 3 to 8yr

WOKING DAYS:
6 DAYS

Roles and Responsibilities:

Process Foreign Remittance Transactions:

  • Execute and oversee the timely and accurate processing of inbound and outbound foreign remittance transactions.

Ensure Compliance:

  • Stay updated on international banking regulations, antimoney laundering (AML) laws, and knowyourcustomer (KYC) requirements to ensure all transactions comply with relevant regulations.

Currency Exchange Management:

  • Monitor currency exchange rates and execute transactions at optimal rates to minimize costs and maximize returns for the company and its clients.
-
Tax Compliance: Ensure compliance with tax laws and regulations related to foreign remittances, including withholding tax requirements and reporting obligations.
-
Financial Reporting: Maintain accurate records of foreign remittance transactions and prepare financial reports as required by management, regulatory authorities, and auditors.
-
Risk Management:Identify and mitigate risks associated with foreign remittance transactions, including fraud, currency fluctuations, and operational risks.
-
Client Support: Provide assistance and support to clients regarding foreign remittance inquiries, transaction status, and related matters.
-
Process Improvement:Continuously review and improve processes related to foreign remittance transactions to enhance efficiency, accuracy, and customer satisfaction.

-
Qualifications:

  • Bachelor's degree in Accounting, Finance, or a related field. CPA or equivalent certification is preferred.
  • Proven experience (X years) in accounting or finance roles, with a focus on foreign remittance transactions.
  • Strong understanding of international banking regulations, AML/KYC requirements, and tax laws.
  • Excellent analytical and problemsolving abilities, with attention to detail.
  • Effective communication and interpersonal skills, with the ability to collaborate across teams and interact with clients.
  • Ability to work independently, prioritize tasks, and meet deadlines in a fastpaced environment.

Send the CV Please below this mail I'D:

Pay:
Up to ₹35,000.00 per month

Benefits:

  • Paid sick time
  • Paid time off

Schedule:

  • Day shift

Experience:

  • Accounting: 3 years (preferred)
  • Finance: 1 year (preferred)
Ensure Compliance: 1 year (preferred)

Work Location:
In person
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