Lead Accountant

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 Summary
We are looking for an experienced Chartered Accountant to ensure accounting and financial reporting within the framework of local legislation and group accounting. This role includes managing and ensuring compliance with various tax legislations, marketing code as well as overseeing effective financial transaction processing.

Roles & Responsibilities

Managing Business Performance

• Preparation of Brand P&L
• Working with business to ensure timely collection of Receivables
• Work with SCM and ensure optimum inventory levels and handling inventory claims
• Cost analytics and saving initiatives
• Budget Finalizations and managing the budgets throughout the year
• To work on simplification and automation projects
• Preparation of monthly MIS and other reports to support the business in decision making
•  Agreements Review and assessment of financial implications
• Preparation and review of Business Cases

Assurance, Compliance & Reporting

• Payment of VAT and Employee taxes as per due dates and ensuring VAT Compliances & refunds
• Income Tax Computation and filing
• Timely payment of Advance and year-end tax
• Management of Fixed Asset & Intangibles Register
• Verification of all employee related claims in line with SOP’s
• Maintenance of Balance Sheet schedules
• Monthly sales preparation and submissions
• Preparation of Financial Statements
• Co-ordination with external and internal auditors
• Ensuring compliance to processes and SOPs
• Liaising with company secretaries ensuring that all statutory books are properly maintained and updated 
• Creation and maintenance of Finance SOPs
• Coordination with third party payroll processing firm for payroll preparation

Educational qualification: Qualified Chartered Accountants/ member of the South African Institute of Chartered Accountants (SAICA)

Minimum work experience: 8 years of experience 

Skills & attributes:

• Proficient in preparing financial statements in accordance with Local Generally Accepted Accounting Principles (GAAP), IFRS, and other local regulatory compliances. 

• Expertise in validating expenses, scrutinizing General Ledger (GL) accounts, and identifying/rectifying potential errors.

• Ability to conceptualize and establish adequate processes and controls.
• Good grasp of the business environment to support management in decision making.
• Ability to work independently as well as collaboratively in a fast-paced, high-energy organization.
• Good Computer literacy and ability to work in an ERP environment.

   

Behavioral skills

• Detail- Oriented and Result driven approach
• Efficient time management skills 
• Strong collaborative and communication skills 
• Ability to adapt to changes in law or financial reporting needs
• Analytical thinking and effective communication skill. 

About the Department
Finance
The Finance function at Dr. Reddy's goes beyond the traditional roles of monitoring costs, supervising accounting and creating reports. Deep into its digitalization transformation journey, the function works with all departments in the organization as a strategic partner and plays a major role in supporting management in its decision making.