Job Purpose

Provide commercial support to the P&C division for its seamless functioning thru inputs on direct tax, indirect tax, finance, legal matters, and Tax Optimization.

He would be responsible to ensure timely completion of activities relating to process validation of Orders and ensuring all commitments to external vendors are made as per policies and guidelines set by the management.

Responsible for working with business and other departments in the FC&A function within the company to ensure optimization of direct and indirect tax impact.

Job Accountabilities (duties and 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.

Prepare periodic MIS as per management guidelines

Skills Required (Knowledge and Skills)

Knowledge of GST Act and Rules.

Working knowledge of Accounting, Commercial laws, Contract & Other Laws.

Knowledge of Direct tax laws like DTAA between India and foreign countries, withholding tax etc.

Preferably Hands on knowledge of MM and FICO Module or any other ERP systems.

Analytical thinking and Process Oriented
Creativity and innovation skills.
Skills to Interact with Procurement and Project team to resolve issues
Time management skills and result oriented.

Key Attributes (Experience and Qualifications)

Minimum Qualification: CA/ICWA with 2 to 4 Years Experience.

Experience in Accounts payable/payments validation or commercial department.

Knowledge of procurement and contracting process.

Good Analytical Ability/Commercial Acumen.

Team Member - Finance