Job Role: Team Lead Money, Materials & Compliances

Job Role ID: SECTION I: BASIC INFORMATION ABOUT THE JOB ROLE

Outlines the count of employees reporting and financial and geographic scope of the role

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

Manager Job Position: Head - Money, Materials & Compliances

Job Position ID: Value Stream: MM&C

Job Family: MM&C

Grade/Level: -

A two to three line statement outlining the objective or the reason for which the job exists.

SECTION II: PURPOSE OF THE ROLE

Sub-Job Family:

Location:
MMC - Business Partnership

To implement the strategy of Money Materials & Compliances 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 fulfilment 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 to develop and implement financial business plans for the P&L, considering financial objectives, growth strategies, and market dynamics
• Identify potential financial and material challenges and opportunities to be addressed in the business plan. Provide inputs for improvements in business processes, specifications and best practices
• Implement cost control measures to optimize spending, minimize wastage, and improve overall financial efficiency within the team and across projects
• Pricing Policies & Procedures
• Review and validate pricing proposals to ensure they align with the organization's pricing strategy, cost structure, and profitability targets
• Approve pricing changes and discounts in the organization's system, maintain accurate and up-to-date pricing information
• Ensure that pricing decisions adhere to the organization's pricing policies, pricing guidelines, and discount approval processes
• Oversee export pricing and licensing considerations to avoid any violations
• Accounting & Systems Management
• Maintain financial records (end-to-end accounting), including journal entries, general ledger, accounts payable, accounts receivable, and other accounting transactions for the respective businesses
• Oversee the month-end and year-end closing processes to ensure that financial transactions are recorded accurately and in a timely manner
• Conduct budget-to-actual analysis, comparing budgeted figures with actual results, and explain significant variances in the MIS reports
• Audit & Compliance
• Ensure adherence to financial regulations, company policies, and industry standards. Coordinate with legal and compliance teams to mitigate financial risks
• Prepare for external audits by coordinating with auditors, ensuring all necessary documentation and financial records are organized and accessible
• Submit cost audit reports and other statutory requirements as per time line
• Ensure compliance with tax laws and regulations, including timely filing of tax returns and adherence to tax accounting principles
• Coordinate 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
• Oversee contract administration and ensure that agreements with vendors and suppliers are favourable, compliant, and aligned with organizational objectives
• Data Analysis & Reporting
• Conduct financial analysis and interpret financial data to provide insights to management for informed decision-making and strategic planning
• Monitor the 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
• Provide inputs on the process of financial forecasting and market trends to project future financial performance and identify potential risks and opportunities
• Prepare periodic MIS and transfer pricing reports, such as daily, weekly, monthly, and quarterly reports, presenting key financial and operational metrics; Continuously review and enhance MIS reporting processes to streamline data collection, analysis, and report generation
• Prepare and submit the data/information requirements of Anti-dumping cases and handling the investigation process
• People Management
• Instil a culture of continuous development and high performance within own team
• Participate in recruitment activities & ensure retention / engagement of own team
• Set performance objectives of own team, evaluate / appraise team members and provide regular feedback & guidance
• Guide, mentor and develop own team to take larger and complex responsibilities
• Evaluate training and development requirements for own team and make recommendations for learning interventions

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

• % Financial Accuracy
• % Compliance to the Budget
• Quality of Reports generated
• Zero Penalties
• Timely Financial Reporting
• Reduced Opex Costs
• GST Compliance
• Zero asset loss / revenue loss

Key Interactions:

Internal

External

Key interactions which are essential to execute the role. This will include both internal and external stakeholders

SECTION V: OPERATING NETWORK

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

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)

10+ years of relevant experience

FUNCTIONAL COMPETENCIES

BEHAVIORAL COMPETENCIES

Functional / Behavioral competencies required to execute the role

• Business Planning, Forecasting and Budgeting
• Knowledge of professional accounting standards
• Knowledge of transactional accounting and closing processes
• Operational Excellence
• Business Partnering
• Market scrutiny and impact analysis
• Tax operations & validation
• Financial Reporting

Feeder Roles: Team Lead MMC

Possible Next Role Movement: Head - Money, Materials & Control - Site/ P&L/ Value stream

An outline of roles leading up to and out of the current role to contextualize career movement

SECTION VII: CAREER MOVEMENTS