Senior Principal - Finance Transformation

Dr. Reddy’s Laboratories, or Dr. Reddy’s in short, is a global integrated pharmaceutical company.

Each of our 20,000+ employees have one collective purpose: to accelerate access to affordable and innovative medicines, because Good Health Can’t Wait.

Dr. Reddy’s has always been at the forefront of large-scale digitalization of end-to-end processes with the best-in-class technology platforms. Our digital transformation journey is continuous, pervasive, and driven at the highest level. Adoption of Industry 4.0 technologies and extensive use of Data & Advance analytics to drive growth and continuous improvement is integral way of working.

We are looking for people who share our passion to catalyze this journey.

A brief about us (you’ll find more on our website www.drreddys.com): We have three core businesses: Global Generics, Pharmaceutical Services and Active Ingredients and Proprietary Products. We have a strong and growing Biologics portfolio and a rich, transnational R&D network. Our manufacturing, marketing and sales operations span 56 countries.

Role Description

Owning end to end responsibilities for product roadmap definition, partner selection, delivery, maintenance

Key Responsibilities

• Effectively own, build and manage the technology solution as a product for the finance function and ensure that it meets all the business objectives over time.
• Interact with functional SME, BU Finance Heads to understand the business requirements and define roadmap for implementation 
• Design, conceptualize and initiate Digital transformation/IT projects to disrupt, transform or simplify business processes.
• Assess impact of change on the ecosystem and roll out change management interventions during implementation of new projects
• Seek feedback from business on IT enablement of new initiatives and initiate improvements to systems/applications/policies as required for Project Delivery
• Driving continuous Business Process Simplification, Improvement and Excellence.
• Driving and Ensuring benefit realization of various implemented projects.
• Plan for resources proactively, anticipate and actively manage change, set and course correct stakeholder expectations as deemed necessary. Identify operational risks and enable team to drive issues to resolution, balancing multiple priorities.
• Collaborate with globally dispersed internal stakeholders, external partners and institutions to solve critical business problems, drive operational efficiencies leveraging digital and latest technological advances.
• Identify possible areas of process and technology improvements for IT processes; ensure adherence to compliance processes for system validations; initiate and participate in root-cause analysis for critical incidents
• Design and supervise implementation of initiatives that would ensure daily activities such as asset usage, system implementation, documentation, etc are auditable; follow up with relevant teams to ensure quick closure of NCs raised during internal and external audits
• Be a communication bridge between internal client and the solution team; drive the solution development to positively impact project goals

Skills, Competency, Experience Requirements

• Excellent finance domain knowledge - O2C, P2P, R2R, FAM, Product Costing, Budgeting, planning, and reporting, working capital management
• Exposure to cross functional areas of sales & marketing, supply chain, procurement, Master data management
• Exposure to digital technologies – SAP S4, SAP BPC, Tableau, GCP, RPA
• Digital transformation - End to end program management experience 
• Understanding of technology & hands on experience in design and delivery of digital solutions
• Business focused, customer & service minded and confident in advising, developing, and articulating solution
• Result oriented and with a work ethic of delivering on-time and as per scope
• Strong interpersonal, consultative, influencing and management skills
• Good communication and interpersonal skills to manage & influence multiple stakeholders including partners
• Extensive vendor and partner management
• Cross functional collaboration

Education: Post Graduation in Finance preferable degree CA / MBA (Finance) from Tier1 institute

Work Experience:

• 15 -18 years overall experience
• At least 8-10 years’ experience in Digital Transformation projects

About Digital Process Excellence (DPEx)

Our digital transformation journey is led by the DPEx team and is structured along the lines of Digitalize the Core and Transform with Digital.

With a mandate to ensure continuous process improvement and drive patient centric innovation, it spans all functions and operations. In other words, you could be working on projects to expedite research outcomes one day, designing customer engagement platforms the next.

• Reimagine Dr. Reddy’s as a ‘platform-based’ organization.
• Create Data as an asset that brings competitive advantage and business impact

Create Digital solutions that make the lives of our patients and customers easier and better.

Culture at Dr Reddys

We nurture an environment that promotes intelligent risk-taking and mutual respect irrespective of function or level because we believe that everyone is capable to of doing great things. Our people enjoy the space and freedom to experiment, innovate and put their talent to best use. They know that their efforts will be encouraged and rewarded.

We foster a climate of trust and openness. Our employees have the freedom to express their opinion and share their ideas, confident that their voices will be heard and their interests safe-guarded. In turn, they are equally accessible and caring towards their colleagues. We also have several programs and measures in place to ensure their emotional, physical, and mental well-being