Team Manager - Internal Audit Analytics

JOB DESCRIPTION

Job Role : Team Member Money, Materials & Compliances

Job Role ID : -

SECTION I : BASIC INFORMATION ABOUT THE JOB ROLE

Job Role Variant : Sr. Team Member Money, Materials & Compliances

Manager Job Position : Team Lead Money, Materials & Compliances

Job Position ID : Value Stream : MM&C

Job Family : MM&C

Sub-Job Family : MMC - Business Partnership

Grade / Level : - I

Location : - Navi Mumbai

SECTION II : PURPOSE OF THE ROLE

To operationally implement the strategy of Money Materials & Compliances with respect to Accounting & Reporting, Direct & Indirect Taxation, Treasury, Audits & Insurance, Procurement & Contracts, Legal in order to align objectives, manage business finance, control costs, prevent asset or financial loss, mitigate risks, drive & monitor internal & external compliances to the policies, systems & processes across the respective businesses thus facilitating business continuity towards the fulfillment of Annual Operating Plan (AOP) within the limits of RIL's processes, policies & budgets

SECTION III : KEY RESPONSIBILITIES AND ACCOUNTABILITIES OF THE ROLE

Responsibilities

Policies, Processes & Procedures

• Collaborate with MMC P&L leader under the guidance of Team Lead to develop and implement financial business plans for the P&L, considering financial objectives, growth strategies, and market dynamics
• Provide implementation support for cost control measures to optimize spending, minimize wastage, and improve overall financial efficiency within the team and across projects
• Facilitate monthly Tax Deducted at Source (TDS) payments to ensure the calculated tax liability is deposited on time to the government treasury.
• Assist in the preparation and filing of all required direct tax returns on a quarterly basis for all entities for which payments have been made.
• Ensure issuance of TDS certificates to all vendors on a quarterly basis as required by tax regulations.
• Assist in maintaining accurate and up-to-date records of various taxes, including VAT rates, GST, and excise duties, ensuring compliance with the latest regulations
• Assist in completing the tax charge process, meticulously validating tax calculations to ensure precision and correctness
• Validate GST information and other relevant documents to support seamless business transactions and maintain compliance
• Assist in the preparation of detailed monthly MIS breakdown of Profit and Loss (P&L) account and Balance Sheet, providing valuable insights into financial performance
• Participate in conducting comprehensive quarterly assessments of financial accounts, collaborating closely with cross-functional teams to support Supply Chain Management (SCM) preparations and reporting
• Assist in predicting the organization's future cash flows to ensure that there is enough liquidity to meet operational and financial needs
• Analyze costs associated with procurement to identify cost-saving opportunities and make data-driven decisions
• Create, track, and manage purchase orders to ensure accurate and on-time deliveries
• Participate in contract negotiations, ensuring favorable terms and conditions for the organization
• Conduct a thorough review of contracts to ensure accuracy and compliance with company policies and applicable laws.
• Contribute to the development and maintenance of procurement and contract-related policies and procedures.
• Monitor TDS expenses closely, track anomalies, and investigate discrepancies. Implement corrective actions to address any identified issues promptly.
• Prepare and submit Nil TCS reports, ensuring accurate and timely filing. Additionally, handle the e-filing process for Form 27C confirmation.

Accounting & Systems Management

Research & Process Optimization

Audit & Compliance

Data Management & Reporting

SECTION IV : SUCCESS METRICS (TOP 3-5 KPI's)

SECTION V : OPERATING NETWORK

Internal : Business team, Insurance Team, Treasury team, Direct Taxation team, Indirect Taxation team

External : External consultants, Tax authorities, Government Authorities

SECTION VI : KNOWLEDGE AND COMPETENCIES

Education Qualifications

Graduate in any discipline (Finance preferred) with Management Degree (Preferred)

Experience (Must Have & Good to Have)

6+ years of relevant experience

Functional / Behavioral competencies required to execute the role

FUNCTIONAL COMPETENCIES

SECTION VII : CAREER MOVEMENTS

Feeder Roles :

Team Member Money, Materials & Compliances

Possible Next Role Movement :

Team Lead Money, Materials & Compliances