Role & responsibilities

Project Accounting and Capitalisation: Ensuring Proper Accounting of element wise and stream wise project cost, Common Cost Allocation, Finalisation of Transfer Pricing for Inter-company transactions, Asset Capitalisation

Inventory Management: Continuous Monitoring of Project Inventory, Partnering with PMCs/Sub-Contractors, FIM Reconciliations, Accounting for FIM Consumption as per EIC certified consumption statement.

Incentive Optimisation: Optimisation of State Incentive, Representation to Govt., filing of Documents and information with Govt. as per policy, System designing in line with Incentive Policy requirement.

Risk Management and Compliance - Identify and assess financial risks and develop strategies to mitigate and manage these risks effectively and efficiently. Ensure strict adherence to regulatory compliance.

Policies, Processes and Procedures - Create standard policies, processes, procedures that align with RIL business objectives, and monitor their adherence so that work is carried out in a controlled manner.

Accounts and Capitalisation - Trial Balance (TB) scrutiny and daily monitoring of material movement, Monitoring WBS-wise material consumption booking of FIM as per contractor bills (RA Bill & Final Bill), Common cost allocation and WBS settlement at month end; transfer of cost to CWIP, CWIP ageing and related MIS reporting to HO, Capitalisation of completed projects





Commitment Support, Compliances & Insurance - Ensure total project exposure (men, assets, material) is covered 100% at all times, Coordinate with project team and support insurance claim working on need basis, Monitor EPCG purchases, issues, consumption accounting and facilitate compliance; Coordinate with CoE for tax optimisation and ensure 100% availability of eligible tax credits, Periodic validation of processes to ensure BOCW and HR compliance by contractors, validation of QCS, ICE, SCC, GCC, approvals for deviation from SOP, award on nomination basis, etc. with reference to DOR and RIL Standard Processes, Financial assessment for potential vendors as required by Contracts Team

Accounts Payable & Banking - Scrolling and validation as per compliance checklist and physical record management, Processing of Non-PO based commitments (YEXP); payment to vendors (e.g., Power Bills, CAD payments, Chartered Engineer fees, etc.), Year-end provisions and TDS providing details, monitoring at site level, Monitoring of open advances, open GRN, open scrolls, SBLCs (site scope), Following up with vendors for resolving GST mismatch issues, QSD validation of non-tech service bills (manpower supply, AMC for Admin/IT, CMC-related transport, etc.), Data support to P&C; / EIC / Legal team on vendor transactions (defaulting / absconding vendors)

📌 Sr. Team Member - FC&A (Dahej)
🏢 Reliance Industries (RIL)
📍 Dahej