CA required at Reliance

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  1. Bhuvi Gupta
    Bhuvi Gupta on May 2, 2016
    “Your Leadership. Energising Reliance. India’s Future”

    The Reliance Group is India's largest private sector enterprise, with businesses in the energy and materials value chain. Group's annual revenues are in excess of US$ 73bn. The flagship company, Reliance Industries Limited, is a Fortune Global 114 company and is the largest private sector company in India. Backward vertical integration has been the cornerstone of the evolution and growth of Reliance. Starting with textiles in the late seventies, Reliance pursued a strategy of backward vertical integration - in polyester, fibre intermediates, plastics, petrochemicals, petroleum refining and oil and gas exploration and production - to be fully integrated along the materials and energy value chain.

    The Group's activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail, infotel and special economic zones.

    Reliance enjoys global leadership in its businesses, being the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world of major petrochemical products. Major Group Companies are Reliance Industries Limited, including its subsidiaries and Reliance Industrial Infrastructure Limited.

    Short Description
    The role of the Audit Team Member is to work as a team member on telecom accounting audit. The primary accountabilities of the Auditor related to the delivery of audit work. The Auditor may also take part in functional change activities and other work. The role requires business and/or audit expertise and represents an excellent opportunity for individuals to broaden their skillsets and develop their leadership skills.

    Long Description

    Audit Delivery accountability:
    • Good understanding of Telecom industries.Plans financial audits by understanding organization objectives, structure, policies, processes, internal controls, and external regulations; identifying risk areas; preparing audit scope, risk control matrix and audit programs.Assesses compliance with financial regulations (Ind-AS and IFRS) and controls by executing audit program steps; testing general ledger, account balances, balance sheets, income statements, and related financial statements; examining and analyzing records, reports, operating practices, and documentation.Assesses risks and internal controls by identifying areas of non-compliance; evaluating manual and automated financial processes; identifying process weaknesses and inefficiencies and operational issues.Ability to perform financial audit eg.:procure to pay,Bank reconciliations,Financial statement close process(FSCP),Service Tax,Adjusted gross revenue(AGR),Provision of expenses.Internal financial control etc.Completes audit work papers and memoranda by documenting audit tests and findings.Communicates audit progress and findings by providing information in status meetings; highlighting unresolved issues; reviewing working papers; preparing final audit reports.Improves protection by recommending changes in management monitoring, assessment, and motivational practices, in the internal control structure, and in operating processes; identifying root causes.Supports external auditors by coordinating information requirements.Provides financial control information by collecting, analyzing, and summarizing data and trends.
    Skills Required (Knowledge and Skills)

    • Thorough knowledge of telecom accounting guideline and bulletin.
    • The ability to interpret and analyze the annual report and able to review the financial statement closing procedures (FSCP).
    • Detail knowledge of current taxation norm including service tax, VAT, direct tax etc.
    • Proficient in SAP FICO, MM, WM, SD Modules.
    • Knowledge of internal financial controls are highly desired.
    • Ability to Identify areas of cost-optimizations.
    • Thorough knowledge of revenue recognition and reporting, fixed asset capitalization process, Customer accounting, Channel Partner payouts, payment of Real Estate, Power & Fuel expenses, inventory management, payables, deposits, provisions for expenses.

    Include Additional Certification Required if any

    • Chartered Accountant
    CIA / CISA / DISA would be preferred.


    Type of roles (and duration) which an individual ideally should have done in his/her prior experience to be detailed
    • Minimum 3-5 years’ experience in Internal and/or External Audit at a Big-4 audit firm or an internal audit function of a large multinational organization.
    • Significant relevant post qualification experience.
    • Knowledge of Telecom industry.
    • Able to demonstrate flexibility in style and approach as well as the application of communication tools to inform and influence decision and behaviors.
    • A commitment to excellence in the delivery of audit work and demonstrated experience in improving processes and systems in an audit or non-audit environment
    Reliance has six Values and associated behaviors which are the essential and enduring tenets underpinning all decisions and way of life at Reliance and every employee is expected to abide by them. We are also committed to adhering to our candidate charter to deliver the best candidate experience.

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