Finance Associate

Employer
Confidential
Location
Hyderabad
Posted
Jun 17, 2024
Closes
Jul 01, 2024
Ref
4740919268
Level
Associate
Work Mode
Work from office
Hours
Full Time
Organization Type
Corporate
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

Job Summary

Review and monitoring of closing activities of all IPDO plant includes Project Spends ( Products + Services), Operating expenses provisioning/trend analysis, Pending GRNs, Inventory provision, Advances provision, Advance tax computations, GST Compliance, discussion of non-routine transactions, review of Notes to the accounts IFRS & IGAAP, Analytical Review of Balance sheet and P&L items In Order to ensure accurate representation of financial reporting.

Roles & Responsibilities

Monthly/Quarterly/yearly financial closing activities:


  • Review and monitoring of closing activities of all IPDO plant includes Project Spends ( Products+Services), Operating expenses provisioning/trend analysis, Pending GRNs, Inventory provision, Advances provision, Advance tax computations, GST Compliance, discussion of non-routine transactions, review of Notes to the accounts IFRS & IGAAP, Analytical Review of Balance sheet and P&L items In Order to ensure accurate representation of financial reporting.

Statutory, SOX and Internal Audit Compliance

  • Ensure compliance with Statutory, Internal, SOX and Other audits requirements. Ensure updated SOX documents. Facilitate closure of IA points of operational team In order to ensure compliance with Audit requirements and assess controls at operations.

Trial Balance Review

  • Review of GL balances, ageing analysis, reason for pendency, details of balances, Complying with Controller's forum requirement In Order to ensure accurate representation of financial reporting and reassessment appropriate controls are at place.

Support To Operations And Others

  • Transaction structuring to comply with all laws & regulations. Financial Validation of all agreements/arrangements. Facilitate Foreign payments and troubleshooting/assistance for domestic payments, Cost optimisation, Involve in special projects along with operations.
  • Assist in elimination of waste and increase time for R&D. Review and approve RGP, NRGP, scrap sales .Process Automation and creating lean process to be efficient.

Planning - MIS & Budget ( Capex and Opex)

  • Provide insights to cross functional heads with specific data analysis and budget vs actuals.

Government Incentives

  • Filing of Claims with Ministry of Commerce (MAI Claim).
  • Timely Submission and Compliance Compliances with respect to DSIR.

Qualifications

Educational qualification: CA/ICWA/MBA

Work experience: 3 to 6 years of experience in a medium to large sized Manufacturing organization or Audit background

Skills & attributes:

Technical Skills

  • Ability to understand the Operational and financial model of a business.
  • Sound knowledge of Accounting, Audit, Direct and Indirect taxes.
  • Hands on experience in MIS, Analytics and ability to handle the business dynamics.
  • IT system expertise is preferred (e.g. SAP)

Behavioral Skills

  • Strong analytical and problem-solving skills, with the ability to interpret data for process improvement.
  • Effective communication and interpersonal skills for representing IPDO in cross-functional teams.
  • Leadership skills for guiding and training team members.
  • Detail-oriented with a focus on compliance and process documentation.
  • Collaborative mind-set for working with internal and external stakeholders.

Additional Information

About The Department

Finance

The Finance Department at Dr. Reddy's is comprised of the broad work profiles such as Controlling, Planning, Taxation, Treasury, Investment, etc. At the core of our R&D prowess is the Integrated Product Development Organisation (IPDO), at Bachupally, Hyderabad, India. The expansive campus of IPDO houses several laboratories with the most recent being the Nutraceutical R&D centre. These labs, powered by a diverse talent pool of scientists from leading institutions around the world with women comprising over 25% of the R&D talent. Our product development efforts drive a portfolio of more than 1,000 products Enabled by our robust R&D team consisting of more than 150 doctorates, we have filed 1,071 patents and also published over 1,000 papers for peer review over the years.

Benefits Offered

At Dr. Reddy's we actively help to catalyse your career growth and professional development through personalised learning programs.

The benefits you will enjoy at Dr. Reddy's are on par with the best industry standards. They include, among other things and other essential equipment, joining & relocation support, family support (Maternity & Paternity benefits), learning and development opportunities, medical coverage for yourself and your family, life coverage for yourself.

Our Work Culture

Ask any employee at Dr. Reddy's why they come to work every day and they'll say, because Good Health Can't Wait. This is our credo as well as the guiding principle behind all our actions. We see healthcare solutions not only as scientific formulations, but as a means to help patients lead healthier lives, and we're always attuned to the new and the next to empower people to stay fit. And to do this, we foster a culture of empathy and dynamism. People are at the core of our journey over the last few decades. They have been supported by an enabling environment that buoys individual ability while fostering teamwork and shared success. We believe that when people with diverse skills are bound together by a common purpose and value system, they can make magic.

For more details, please visit our career website at https://careers.drreddys.com/#!/
Skills: Sap, Compliance, Accounting, Analytics, Leadership Skills, Interpersonal Skills, Audit, Process Documentation, Mis, Communication

Experience: 3.00-6.00 Years