Plant Finance Head

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 seeking an experienced and dynamic Plant Finance Head for overseeing financial control processes, period closure activities, costing, inventory management, operating expense review, and ensuring compliance with accounting policies and guidelines. Your responsibilities will include tracking and closure of overdue transactions, variance analysis, budget monitoring, and facilitating audits and compliance reviews for the respective plant.

Roles & Responsibilities
• You will be responsible for analysing plant P&L, discuss variances and improvement opportunities with plant leadership.

• You will be responsible for partnering with CFTs on various improvement and saving initiatives such as OE diagnostics, LMS, Product cost leadership etc

• You will be responsible for running monthly governances to ensure committed savings are achieved and new opportunities get identified.

• You will be responsible for preparing detailed annual Opex and OVC budgets and review and with plant leadership & other stakeholders.

• You will be responsible for tracking and reporting operating expenses, comparing Budget vs. actual expenses, and preparing/circulating MIS to Plant Heads and senior leadership team.

• You will be responsible for presenting financial metrics in monthly review meetings, highlighting concerns if any, and facilitating cost sensitization discussions.
• You will be responsible for providing insights to planning team, preparing latest estimates, facilitating Capex projects evaluation and ensuring timely accounting of approved/executed projects.

• You will be responsible for reviewing slow-moving inventories at plant and discussing with operations to liquidate and minimise write-offs

• You will be responsible for collecting inputs for monthly provisions and analysing their completeness, ensuring accurate posting and reversal of entries, reviewing exceptions in GLs and ensure timely books closure.

• You will be responsible for monitoring and closing overdue transactions such as RGPs  and pending GRNs (Good Received notes), adhering to guidelines and policies for transaction closure.
• You will be responsible for preparing RMC (Raw Material Cost) spreads, conducting variance analysis, and supporting costing teams to minimize variances between standard and actual costs.
• You will be responsible for conducting perpetual inventory checks, facilitate periodic inventory audits, tracking closure of open orders and STOs (Stock Transfer Order).
• You will ensure the accuracy and completeness of financial records, overseeing related transactions and controls, adhering to compliance and audit requirements, and collaborating with stakeholders to meet financial needs.

Educational qualification: AICWA or CA .

Minimum work experience: 7-10 years of experience in financial control, accounting, and operational finance, preferably in a manufacturing or pharmaceutical environment.

Skills & attributes:
Technical Skills
• Strong analytical skills and attention to detail.
• Proficiency in financial analysis, cost management, and inventory control.
• Knowledge of SAP or other ERP systems.
• Expert in MS office.
• Understanding of accounting standards and compliance requirements.
 

Behavioural skills

• Strong analytical skills and attention to detail.
• Excellent communication and interpersonal skills.
• Ability to work under pressure and meet deadlines.

About the Department

Global Manufacturing Organisation (GMO)

At Dr. Reddy's Laboratories, we are dedicated to making a meaningful impact on global healthcare through precision manufacturing and innovation. With a legacy of excellence, we are a leading force in the pharmaceutical industry.

We operate 19 state-of-the-art manufacturing plants across Hyderabad, Vizag, Baddi, Mexico, Shreveport, and Mirfield, comprising 8 OSD facilities, 3 Injectables facilities, and 8 API facilities.

Benchmarking manufacturing processes and continuous operational excellence are at the core of our capability to deliver quality medicines to our patients in 66 countries. We manufacture a portfolio of complex APIs and 1,150+ drug master files across key therapy areas such as Oncology, Cardio-vascular, Central Nervous System and Anti-Diabetes. he World Economic Forum has recognised our largest manufacturing facility in Bachupally, Hyderabad, as part of its Global Lighthouse Network. We aspire to be the most efficient pharma operations in the world. Our productivity improvement and digitalisation efforts are key to staying competitive, meeting business imperatives, and meeting our ambitious ESG goals. Building such ‘factories of the future’ is integral to innovation and to build healthcare of the future.

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/#!/