Finance Controller

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.

Job Description

To enable business with insightful data / analytics for key decision making related to Procurement Finance; ensure that the spend on Logistics and MRO/GDC is at optimum level to help the business to maximise the Profit through deep dive analysis for cost savings /efficiency improvement; to ensure that the controls are in place with regard to Logistics /MRO/GDC. He/she should collaborate and enable/support cross functional teams.

Roles & Responsibilities:

The incumbent will be responsible for the following activities:

Analytics/Business Partnering.

• Review of Procurement savings (Logistics, MRO, GDC operations) & provide to various stakeholders with actionable insight and update to Senior Management on monthly basis for various forums viz., MRM's, CFO Update, BU Head Update etc., 

• Procurement Analytics - Evaluating and monitoring the spent on procurements (logistics/MRO/GDC), its efficiency and comparing them with annual budget on regular basis and coordinating with respective teams and analyzing the reasons for Gaps in order to improve profitability. 
• Share insightful data / analytics for key decision making related to Logistics/MRO/Global Distribution center.
• Partner with SCM Team in driving down the Cost of Operations.
• Supporting to SCM on Operational Excellence through ideas and savings validation for various initiatives to drive cost excellence.
• Ensuring effective Governance of Procurement through early warnings and evaluation of alternatives.
• Monthly Review of Freight spend at Route /Molecule/Plant level to drive actionable insights through MIS to improve profitability.
• Review of monthly Global Distribution Center cost to ensure spend is within approved budget.

• To Provide Analytical support on adhoc basis for various business needs. 
• Be the Finance (SPoC) for troubleshooting any issues related to logistics/MRO/Global Distribution center operations

Annual Budget Preparation

• Partnering with SCM in firming up TVC Savings, Logistics cost

• Review of Budget Presentations and facilitate effective discussions with top Management. 

• Partnering with SCM to enrich the savings Idea Funnel and incorporate relevant ideas into the Budget 
• Review and analysis of yearly Logistics/MRO/ GDC budget.
• OE Ideas validation and reporting of savings to HO team

TVC Savings - Latest Estimates

• Preparation of 12M rolling latest estimates on monthly basis

• Analysing the reasons for variance in estimates and engage with internal stakeholders in effective dissemination of MIS reports

• Partnering with SCM team to mitigate the shortfalls and other unforeseen hits.

• Rigorous tracking of committed savings and facilitating course correction

Financial oversight and controls

• Ensure adequate financial oversight and controls on Logistics/MRO/GDC operations
• Meet the audit requirements of Statutory, Sox, Stock Audit and internal audits.

• Review and facilitation for signing-off of the legal documents such as Agreements.

• Develop and implement appropriate SOP's/DOA to achieve dual objectives of facilitating smooth operations as well as robust controls and governance
• Monthly review of outstanding freight provisions with Logistics team
• Single point of contact for all the finance related requirements of Logistics /MRO/Global Distribution Center.
• Ensure set process notes / SOPs are being followed, identify control gaps. Review and develop the process notes in coordination with central finance team.

Automation and Simplification Projects

• Identification of areas within business which can be automated or simplified to generate faster and improved insights
• Part of Core team for Logistics tool implementation
• Support Finance Transformation.

Qualifications

Academic Background and Key Experience Requirements:

A CA with around 4-6 years of experience in month closure activities & controlling

Good accounting acumen

Familiarity with SAP environment

A good understanding of Accounting Standards

Exposure in Manufacturing sector

People Competencies:

Should be self-driven and sense of ownership for its deliverables.

Excellent communication skills

Should be able to work with CFTs

Should be adaptable and flexible in his approach.

Additional Information

A CA with around 4-6 years of experience in month closure activities & controlling

Good accounting acumen

Familiarity with SAP environment

A good understanding of Accounting Standards

Exposure in Manufacturing sector