Analyst-Risk & Insurance

Company Description

Dr. Reddy’s Laboratories Ltd. is a leading multinational pharmaceutical company based across global locations. Each of our 24,000 plus employees comes to work every day for one collective purpose: to accelerate access to affordable and innovative medicines because Good Health Can’t Wait.

We started in 1984 with a modest investment, 20 employees and a bold vision. Today, we have research and development centres, manufacturing facilities or a commercial presence in 66 countries.

For nearly four decades, we have stood for access, affordability and innovation based on the bedrock of deep science, progressive people practices and robust corporate governance. As the pharmaceutical industry evolves and undergoes disruption, we see an opportunity – to strengthen our core further (the next steps) and to build the future (the new bets).

‘The Next and the New’ is how we aim to continue to be the partner of choice – purpose-driven, future-ready and sustainable. Our aim is to reach over 1.5 Bn+ patients across the world by 2030 by growing our core businesses and building for the future with sustainability at the core of our purpose and strategy. Sustainability for us means operating in a manner that respects people, planet and purpose – helping us conserve precious resources, serve our patients, create value for stakeholders, give back to society, fulfil our potential and maintain our integrity and transparency

Dr Reddy’s maintains a work environment, free from discrimination and is an equal opportunity employer. We are committed to employ & nurture all qualified diverse workforce without regard to race, colour religion, nationality, sex, age, disability status, genetics, sexual orientation, gender expression, citizenship or any other characteristic or classification protected by applicable law(s) of the country we operate in. We treasure every talent, and recognize merit and diversity in our organization.

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Job Description

Analyst – Risk and Insurance will carry out risk identification, monitoring, periodic risk assessment and drive on risk mitigation plans. Oversight over Insurance accounting. 

Key responsibilities include:

Enterprise Risk Management:

• Carry out risk assessments for assigned business units / processes
• Monitor Key Risk Indicators of identified risks and highlight key changes.
• Monitor ongoing mitigation plans along with BU SMEs and update the progress.
• Perform periodic checks on mitigations and their status.
• Help prepare periodic management reports
• Identify early warning indicators
• Maintain loss repository and other external alerts & analyze the risk exposure of the group.
• Secondary research to identify customer risks, macroeconomic, geopolitical risks.
• Compare peer information and update risk related information on an ongoing basis in order to periodically update internal stakeholders.
• Prepare risk disclosures for annual filings such as 20F, Annual report, DJSI.

Insurance controlling / accounting oversight:

• Review accurate accounting of all Insurance policies and ensure proper allocation of insurance costs.
• Budgeting activities for all the Insurance policies and support for BUs for Insurance allocations Budget.

Qualifications

Qualifications and education:

• CA / CMA / CWA / BTech
• 2 to 5 years of experience

Skills and Attributes:

• Understanding of Risk Management frameworks.
• Proven analytical skills required to organize and analyze multiple, complex data sets as well as strong interpersonal and organizational skills.
• Ability to work independently as well as collaboratively in a fast-paced, high-energy organization.