Financial Accountant

5 days ago


Jamnagar, Gujarat, India Reliance Industries Limited Full time
Job Description

Job Title: Sr. Executive FC&A

Job Summary:

As a Sr. Executive FC&A at Reliance Industries Limited, you will play a crucial role in supporting the operational implementation of the Money Materials & Compliances framework. You will work under the guidance of the Team Lead and Team Member 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.

Key Responsibilities:

Financial Planning and Management
  • Facilitate collaboration with MMC P&L leader under the guidance of Team Lead to 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.
Taxation and Compliance
  • Provide assistance in the facilitating 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.
  • Support issuance of TDS certificates to all vendors on a quarterly basis as required by tax regulations.
Record-Keeping and Reporting
  • 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.
  • Prepare for validation of GST information and other relevant documents to support seamless business transactions and maintain compliance.
Financial Analysis and Planning
  • 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.
Audit and Compliance
  • Ensure adherence to financial regulations, company policies, and industry standards including compliance with tax laws and regulations, including timely filing of tax returns and adherence to tax accounting principles.
  • Provide support in preparation for external audits by coordinating with auditors, ensuring all necessary documentation and financial records are organized and accessible to ensure timely submission of cost audit reports and other statutory requirements.
  • Assist in coordination with tax advisors and legal experts to comply with direct tax laws and regulations; Manage compliance with indirect taxes such as VAT, GST, and other applicable taxes.
Data Management and Reporting
  • Provide inputs in the monitoring of working capital for the respective businesses and prepare relevant reports for the same; also prepare regular financial reports and presentations for management, highlighting key performance indicators, budget variance analysis, and financial performance against targets.
  • Participate in collection, organization, and analysis of proper documentation of tax; assist in maintaining organized and up-to-date records of financial transactions, tax filing, etc. to support tax return preparation and identify tax-saving opportunities and optimize tax positions.

Requirements:

  • MBA Finance / M.Com/ CA Inter /
  • 2-7 years of relevant experience


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