Team Member - FC&A
Team Member - FC&A18
Applications
18
Applications
Navi Mumbai
Full-Time
Junior: 2 to 6 years
Posted on Sep 05 2024
About the Job
Skills
Process Validation
Purchase Orders
tax optimization
Taxation
Commercial
Finalization
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 RIL’s standard policies.
- Coordinate with IDT/DT teams for taxation issues in relation to procurement.
- Work Order, Purchase Order, Commitment letter and LOI’s 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.
About the company
Our motto “Growth is Life” aptly captures the ever-evolving spirit of Reliance. Our activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and telecommunications. In each of these areas, we are committed to innovation-led, exponential growth. Our vision has pushed us to achieve global leadership in many of our businesses – including our po ...Show More
Our motto “Growth is Life” aptly captures the ever-evolving spirit of Reliance. Our activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and telecommunications. In each of these areas, we are committed to innovation-led, exponential growth. Our vision has pushed us to achieve global leadership in many of our businesses – including our position as the largest polyester yarn and fiber producer in the world. Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India.
As Reliance sets sights on even more ambitious goals, we remain inspired and guided by the story and philosophy of our founder chairman Dhirubhai Ambani. Hailing from modest means, he followed his dream to create India's largest company. Reliance as an organization has adopted this ethos of converting adversity into opportunity and making the impossible possible by challenging conventional wisdom.
Our ultimate aim has always been – and will always be – to touch the lives of people in a positive way ...Show Less
Industry
Oil and Gas
Company Size
10001+ Employees
Headquarter
Navi Mumbai, Maharashtra
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