Reliance Industries Limited - Team Member - Group Manufacturing Services Finance/Compliance & Accounting - PV Materials

Team Member - GMS FC&A - PV Materials

- 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 through 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