Team Member - FC&A

Reliance Industries Limited


Date: 3 weeks ago
City: Navi Mumbai, Maharashtra
Contract type: Full time
The Lead would be responsible to ensure timely completion of activities related to process validation of Orders and all statutory requirements, budgetary control MIS, other system related Issues. Will Provide commercial support for seamless functioning thru inputs on direct tax, indirect tax, finance, legal matters, and Tax Optimization.

Key Responsibilities

  • Review and validation of Purchases orders and contracts from commercial and finance perspective.
  • Ensuring optimization of taxes & duties through the knowledge of both direct and indirect taxation.
  • Tax optimization for Package Items/ Construction contracts/Work Contracts.
  • Provide commercial support to Procurement Team for various special jobs like job work/fabrication of spools.
  • Direct tax and international tax advice for Foreign Contracts.
  • Finalization and validation of terms of contracts to ensure adherence to RILs standard policies.
  • Coordinate with IDT/DT teams for taxation issues in relation to procurement.
  • Work Order, Purchase Order, Commitment letter and LOIs issued as per approvals. Verify standard procedures of RIL and DOA, deal with deviations as per guidelines.
  • Comparing rates (based on SAP material code, where total purchase value for given item is significant) awarded in other purchase orders.
  • PF/Other applicable labour law compliances/ Insurance as per corporate guidelines have been incorporated in the PO/WO.
  • Reviewing stock levels, consumption trends, cost benefit analysis for purchase vs leasing etc.
  • Analyze/ Validate cost plus mark-up estimates prepared by the procurement team by validating assumptions and understanding the business needs.
  • Review requirement of advances/ SBLC etc.
  • Supervise and guide team members to achieve the above
  • Prepare periodic MIS as per management guidelines.

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