Senior Finance Associate- Global Business Services (GBS)

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 a qualified CA / CWA with 4 to 5 years of experience in P2P Processes. Should be able to monitor the Global P2P operations performed by the outsourced partner.

Roles & Responsibilities

1. Closely monitor the invoice processing and deviation volumes and SLA's of the KPMG team.

2. Coordinate with SCM, Finance, KPMG and stake holders and trouble shoot the deviations.

3. Generate analytics on monthly paid on time, invoice processing cycle time , plant MIS etc.

4.Have a working knowledge on GST and tax laws.

5. Review of Payments processed by Outsourced partner - domestic and Forex

6.Timely acceptance and monitoring of transactions applied for early payment

7.Follow up with SCM / finance teams to resolve deviations 

8.Trouble shoot and coordinate with relevant team members - Dpex, Taxation, KPMG, SCM, finance etc and ensure timely and accurate payments

9.Generate Payment analytics on TAT and accuracy

10.Monthly TDS reconciliation and ensure accuracy of TDS deduction and timely payment as per statutory due date

11.Ensure that all the other statutory payments like - GST, PF,ESI, customs duty etc are processed by KPMG and paid within statutory timelines

Educational qualification: CA/CWA

Minimum work experience: 4 to 5 years of experience  in  large/ medium sized organizations preferably experience in large scale projects/ GBS / SSC

Skills & attributes:
Technical Skills

1.Deep understanding of NEFT, RTGS and RBI guidelines for domestic and forex payments

2.Understanding of FEMA guidelines and implications of non compliance of the same with respect to Foreign payments.

3.Thorough knowledge about TDS applicable laws and rates of taxes.

4.Working knowledge about GST laws

5.Have analytical bent of mind , intutive thinking and eye to detail

6.Excellent communication skills - oral and written

7.Should be tech savvy

Behavioral skills

• Strong analytical and problem-solving skills, with the ability to interpret data for process improvement.
• Effective communication and interpersonal skills for representing GBS 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. 

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.                                                                

The function is distributed globally and has business partnering teams allied to different business units as Controller and Planners. And, secondly distributed as multiple Centre of Excellence housed in Corporate office, such as treasury, Risk & Assurance, Taxation, Corporate Analytics, Investor Relations, GFRT and GBS.

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/#!/