Dr Reddys - Manager - Plant Finance

Role: Manager - Plant Finance

Role Band: R1B/R2A

Reporting to: Cluster Finance Head, GMO

Location: Hyderabad

Purpose:

To Ensure accounting health of the books at transaction level, adherence of processes, controls and statutes, keeping management updated with review and MIS; at the same time keeping operations cost effective and cost sensitized within regulatory requirements, accounting policies and company/management objective with the objective of meeting statutory and organizational requirement for accounting and controls with cost effectiveness in operations

Key responsibilities:

- Serve as single point of contact for all the finance related requirements of the plant. Ensure completeness of accounting entries and smooth closing of periodic accounts.

- Compilation of inventory valuation, NRV and SLM provisioning, RMC spreads, calculation of usage and price variances.

- Alerts on inventory to the teams concerned and bring them accountable, which include blocked stocks, Trial and validation stocks and inventory ageing alerts for slow/non-moving.

- Project RM cost and overhead cost as and when necessary for better pricing negotiations with suppliers/ customers and for improving the manufacturing efficiency.

- Ascertain the changes in the manufacturing process and cost improvement process and also the impact on the cost of the product.

- Ascertain the KSM price and the impact on the product cost for the plant.

- Analyse the actual solvent recovery regularly, identify the gaps between the actual and target and suggest for possible improvements.

- Keep track of the CIP / PACE improvements happening at the plant and provide highlights for key review meetings.

- Meet the audit requirements like Statutory, SOx, Cost Audit, Stock Audit and internal audits and also the local compliance related requirements for the plant.

- Overview of pre-audit of bills to ensure proper accounting and payment process and control deviations

- Preparation of analytical reviews for Statutory audits/cost audit schedules etc related to plant

- Ensure set process notes/SOPs being followed and identify control gaps, Track DoA Violations, Develop and review process notes in coordination with central finance team

- Overheads: Calculation of overheads on a quarterly basis and monthly review of over and under absorption

- Preparation of plant MIS and circulation of the same to plant SLT and review.

- Evaluation of CAPEX requirements under SEPs relating to plant.

Operating Network:

- Internal: GMO Controller, GMO Planner, GMO Costing, Central Audit, Plant Production, Engineering, Warehouse, QA, QC, HR, Admin and SCM Teams.

- External: Statutory & Cost Auditors, Excise and other statutory authorities as and when required.

Education and Experience:

- A professionally qualified (CA/CMA) with at least 3-5 years of experience.

Key Personal Attributes:

- Networking and Communication skills

- Presentation skills

- Ability to observe and analysis

- Ability to summarize observation and reporting

- Fundamental and Conceptual knowledge of accounting

- Knowledge of company accounting policies and manuals

- Knowledge of relevant process notes and SOPs

- Knowledge of IT tools and resources such as SAP/ MS office