Team Manager For Finance Compliance and Accounting at Relaince

The Team Manager For Finance Compliance and Accounting at Relaince will play a pivotal position in making sure the organisation’s economic sports activities are regular with regulatory necessities, mainly in the place of oblique taxation, debts payable, and compliance with Indian accounting requirements (Ind AS). This characteristic requires enjoyment in production environments, further to data in SAP FICO modules and robust familiarity with GST, TDS, and customs criminal guidelines.The function specialises in coping with the financial operations, making sure compliance, optimising tax making plans, and providing accurate economic reporting for every inner and outdoor stakeholders.

• Job Title: Team Manager For Finance Compliance and Accounting
• Company: Reliance Industries Limited (RIL) 
• Location: Mumbai, Raigad
• Industry: Oil & Gas
• Department: Finance & Accounting
• Role Category: Accounting & Taxation  
• Employment Type: Full Time, Permanent
• Work Experience: 5-7 Years

About company 

Reliance Industries Limited (RIL) is simply one in every of India’s biggest conglomerates, diagnosed for its severa portfolio that spans finally of sectors like petrochemicals, refining, oil & fuel, retail, telecommunications, and textiles. Founded thru Dhirubhai Ambani in 1966, RIL has grown right to right into a global leader in a couple of industries. With its headquarters in Mumbai, the company organisation is an important part of India’s economic clout and a key reason strain of America’s enterprise increases.Reliance’s philosophy centres on innovation, sustainability, and backbone to excellence. Over the years, it has obtained numerous accolades, alongside facet employee pride awards.

Job Description:Team Manager For Finance Compliance and Accounting

Reliance is in search of a dynamic and element-orientated Team Manager for Finance Compliance and Accounting. The role includes handling economic operations, making sure regulatory compliance, and maintaining accurate accounting facts. The ideal candidate will lead a team to oversee audits, economic reporting, and internal controls. Strong know-how of IFRS/GAAP, tax policies, and monetary structures is vital. The candidate ought to possess notable management, analytical, and verbal exchange skills with 5 years of experience in finance or accounting control. A CA/CPA or equivalent qualification is favoured

Key Responsibilities of Team Manager For Finance Compliance and Accounting

1. Manufacturing Location Experience

• The candidate has to have strong data in financial management for production places, which includes information on the right monetary workflows of producing-oriented environments.
• Ensuring right recording and accounting of manufacturing transactions, collectively with substances and hard paintings expenses.

2. Accounts Payable Management

• Oversee the debts payable characteristic, ensuring that every one provider payments are processed in an correct and properly timed way.
• Handle big volumes of transactions, import bills, and cling to the right compliance tips related to payments and procurement.
• Expertise in handling EPCG (Export Promotion Capital Goods) and MOOR (Manufacture and Other Operations in Warehouse Regulations) schemes.

3. Indirect Taxation and GST/TDS Compliance

• Provide fingers-on data in dealing with GST, TDS (Tax Deducted at Source), and different indirect taxes.
• Ensure properly timed and correct tax filings, optimising tax deductions and exemptions everywhere relevant.
• Handle tax audits and preserve proper records for future references and inspections.

4. Month-End Closing and Financial Reporting

• Ensure month-save you monetary closure sports sports activities are executed without problems, in conjunction with account reconciliations and ledger scrutiny.
• Assist within the steerage and finalisation of annual money owed, and stability sheets at the same time as adhering to the applicable accounting requirements (Ind AS).
• Collaborate with auditors to make certain that audits are done successfully, providing all important information and helping documents.

5. Audit and Compliance

• Handle every internal and out of doors audit techniques, ensuring all regulatory and corporation compliance necessities are met.
• Ensure adherence to the organisation’s monetary controls, and put in force any corrective measures suggested inside the route of audit strategies.

6. Assets Capitalization and Trial Balance Scrutiny

• Manage the capitalization of employer belongings, ensuring that all transactions are recorded nicely and pondered efficiently within the books of money owed.
• Conduct an extensive scrutiny of the trial stability, ensuring that the organisation’s economic statements are freed from discrepancies and inconsistencies.

7. Tax Planning and Optimization

• Design and implement techniques for effective tax planning and optimization, ensuring that the corporation employer maximises its deductions and decreases its liabilities.
• Collaborate with the prison and tax businesses to make sure that the company complies with all of the relevant tax crook hints even as exploring techniques to optimise its tax approach.

8. Customs Laws and Import-Related Transactions

• Ensure compliance with customs legal pointers for import-related transactions, ensuring that every one import payments, obligations, and taxes are as it ought to be accounted for.
• Expertise in navigating thru complicated customs recommendations, particularly while dealing with massive-scale imports critical for the producing approach.

9. SAP FICO and MS Office Suite Proficiency

• The candidate needs to be nicely-versed in SAP FICO modules to manipulate financial records effectively and streamline workflows.
• Proficiency in MS Office (Excel, PowerPoint, Word) is critical for making organised evaluations, shows, and appealing particularly economic assessment.

10. Insurance and Claim Management

• Handle the renewal of coverage regulations, ensuring that the employer’s belongings and operations are efficiently insured.
• Manage the follow-up and documentation associated with insurance claims, making sure that everyone claims are processed efficiently.

Skills required Team Manager For Finance Compliance and Accounting 

1. Manufacturing Experience: Prior enjoy on foot at a manufacturing area, expertise the complexities of financial control in a production environment.

2. SAP FICO Knowledge: Deep understanding in SAP FICO modules for dealing with monetary facts, processing transactions, and making sure regulatory compliance.

3. Indirect Taxation: Proficient statistics of GST, TDS, and indirect tax pointers in India.

4. Accounts Payable: Hands-on revel in dealing with debts payable techniques, making sure properly timed supplier bills and compliance with monetary regulations.

5. Compliance & Audit Management: Experience in dealing with audits, making sure compliance with statutory requirements and internal controls.

6. Customs Law Knowledge: Basic know-how of customs prison tips, specifically associated with import transactions and compliance with Indian guidelines.

Qualifications: Team Manager For Finance Compliance and Accounting 

1. ICWA (CMA) or CA: Candidates who have completed their ICWA (CMA) or CA within the first or 2nd attempt can be favoured.

2. Tax Planning and Ind AS: Familiarity with tax planning and optimization, at the factor of sturdy information of Indian Accounting Standards (Ind AS).

3. MS Office Suite Proficiency: Strong talents in MS Excel, PowerPoint, and Word to address complex economic statistics and prepare critiques.

Benefits of Working at Reliance Industries Limited

1. Career Growth: RIL gives extraordinary opportunities for career development, specially in a short-growing and dynamic vicinity like oil & gasoline. The business enterprise corporation is ideal for selling from internal and fostering talents improvement.

2. Employee Benefits: Reliance is thought for its beneficent employee benefits, which embody scientific medical insurance, provident fund, and existence insurance. The business enterprise furthermore offers perks on the side of annual bonuses and inventory alternatives, counting on the employee’s ordinary performance.

3. Work-Life Balance: While the oil & gas corporation can be stressful, RIL has made efforts to ensure a wholesome paintings-existence stability with the useful resource of selling bendy going for walks hours and fostering an inclusive way of existence.

4. Learning Opportunities: Employees at Reliance gain from exposure to enterprise-main practices, worldwide operations, and opportunities to paint on large-scale, impactful projects.

5.Recognition and Awards: RIL has been constantly recognized as a pinnacle organisation in India. The corporation agency’s energy of thoughts to employee pleasure has earned it awards much like the ‘Employees’ Choice Award,’ reflecting its popularity in the workplace way of life.

What is the salary of Team manager For Finance Compliance and Accounting?

The profits range for a Team Manager For Finance Compliance and Accounting at Reliance can range primarily based on experience, location, and precise duties. Typically, for such a function in India, the revenue may want to range from ₹12 lakhs to ₹25 lakhs P.A. Senior specialists with more enjoyment and understanding can be supplied applications on the better end of the scale, probably which includes bonuses, benefits, and other incentives based on performance and employer guidelines. This variety can vary primarily based on man or woman qualifications and the commercial enterprise unit within Reliance

Why  to Join Reliance Industries Limited?

Joining RIL gives a very unique opportunity to paint with a primary multinational commercial enterprise employer enterprise business enterprise that is shaping the destiny of the oil & fuel business enterprise. The agency is deeply devoted to innovation and sustainability, making it a dynamic place of business for professionals looking to make a high-quality effect.As the Team Manager  For Finance Compliance and Accounting, you can have a critical function in ensuring the enterprise corporation adheres to all regulatory requirements, at the equal time as furthermore optimising its tax and financial techniques

Conclusion:

The function of Team Manager For Finance Compliance and Accounting at Reliance Industries is an exciting opportunity for finance professionals with an ancient beyond in manufacturing and compliance. The characteristic gives a combination of obligations from tax control to monetary reporting and audit management. It’s wonderful for a candidate with an aggregate of technical statistics, corporation revel in, and management skills who is keen to contribute to at least one in each of India’s maximum real conglomerates. With desirable sufficient benefits, gaining knowledge of opportunities, and a robust company way of existence, this position is properly-ideal for bold experts on the lookout for to book their careers in finance in the oil & gas area.

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