Dr Reddys - Plant Finance

Purpose: To ensure accounting health of the books at transaction level, adherence of processes, controls and statutes, keeping management updated with review and MIS On 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 organisational 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 products

- 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 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 plants

- 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

Operating Network:

Internal: CTO Controller, CTO Planner, CTO 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

Experience Required :

- A professionally qualified (CA), ICWA, CMA with at least 4-5 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 IT tools and resources such as SAP/ MS office