Team Manager - FC&A

Reliance Industries Limited


Date: 1 week ago
City: Navi Mumbai, Maharashtra
Contract type: Full time
Skills:
Accounts Payable (AP), Vendor Management, Payments, GST, Purchase Orders, Taxation,

Key Responsibilities

  • Ensure timely processing of INR invoices, ensuring the invoices are processed correctly and error free taking into account the terms and conditions of contracts / orders, as per measurements certified, GRN, process invoices as per accounting process and policies.
  • Ensure on time payment to FX supply vendors as per PO inco Term on arrival of goods at Port or Airport, on time processing of duty IV on request of EXIM depart for customs duty payment on arrival of consignment to avoid any Penalty or demurrage, on time FX service payments as per statutory compliance and creating the IGST liability in the books under RCM, ensuring CHA and Logistic related bills processing and payment on time.
  • Making Insurance Premium payments, follow up with CIC team for invoices against advances paid, monthly CD reconciliation, processing of Insurance Invoices after taking usage/ITC/accounting details from IDT and Site FC&A. Posting monthly prepaid entry, GL clearing, GST reconciliation etc.
  • Review the Purchase Order / Contracts and ensure proper control with reference to payment processing.
  • Ensure Compliance with reference to Indirect and direct taxes.
  • Ageing analysis of Liabilities and Advances, Periodic clearing of Liabilities and Advances
  • Recommendation for write off / write back of old liabilities for Management / Stakeholders decision.
  • Providing logic/ advisory/ functional support to resolve any SAP issues and also advise for any enhancement / automation of process arising out of Issues.
  • Providing effective support to Business / Project / Treasury / Accounts group
  • Attending / Support to LoD 3 audits / JV Audits / Partner Audit / Govt Audit / RIL Statutory Auditor Queries periodically
  • Review & Understanding of Contracts for payment & control purposes.
  • Ensure correctness of IVs Processed by the team members.
  • Ensure Processing of YEXP and YINV invoices correctly and timely
  • Review and submission of Cash Call Reports timely.
  • Co-ordination with Banking and DT/IDT/Import
  • Review and finalisation of Estimates and accruals Monthly Provisions
  • Ensure posting of GST - Remittable Posting / Clearing Monthly
  • Vendor Analysis & GR/IR Analysis Monthly
  • Coordination with users, pre-validation team, Direct & Indirect Taxation teams, Banking as per need and requirements

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