Finance Controller, CTO Bollaram Cluster

Finance Controller CTO Bollaram Cluster

Job Description:

The Finance Controller CTO Bollaram Cluster has a key role on the site team. Plant Finance Controller CTO Bollaram Cluster will be Supporting for overall financial activities including Plant Profitability Costing Inventory Controls month end books closure MIS Budgeting Reviewing the Capital Expenditure Operational excellences Process controls & Compliance at the plant as well as working with Site Leadership Team (SLT) to achieve all Financial KPIs of the plant (end to end P&L management of the Plant).

Key Roles & Responsibilities:

Business Partnering:

1. Partnering with Site Head and SLT in achieving the overall financial Goals
2. Support decision making at site level through timely information financial evaluation with insights on costs and capacity utilization.
3. Key Insights for decision making on Products with Low Margin / Low Sales.
4. Business insights to grow the Market Share and Margin of each Product and thereby improving the financial metrics of the Plant.

Costing & Inventory:

1. Inventory valuation with NRVs and Conducting perpetual inventory checks.
2. Product Raw Material Costing (spreads) Reporting of Total Variable Cost (TVC) savings against budget/baseline.
3. Calculation of overheads on a quarterly basis and review of over and under absorption.
4. Computing the MLs (incl. spent solvents) valuation on a quarterly basis and ensuring the rates updated in SAP.
5. Review of Risk Inventory (Failed Sales returns Incident batches) for action and ensure implement the action as per timelines.
6. Tracking and closure of open Process Orders. Ensure completeness of TECOs for completed orders.
7. Review & approving of BoM and Recipes and release SCRs.

Controlling & Books closure:

1. Monthly Book closure of the Plant related activities & spends.
2. Scrutinize GL accounts & rectification entries to be posted incase of any item found.
3. Review and provisioning of Pending GRNs.
4. Tracking and closure of overdue RGPs & pending STOs
5. Review and report exceptions in Plant relevant Balance Sheet GLs.
6. Ensure and sign-off of FSCP Documentation.

Operating expense review MIS Control

1. Tracking and reporting operating expenses in line with Budget and Support to Site head to ensure spent should be as per Budget.
2. Proactive management of monthly expenses by providing insights to the Team
3. Timely release of Plant MIS to key stakeholders
4. Facilitate Cluster Head and GMO planning team with inputs and insights.

Budget & Latest Estimates:

1. Drive the Annual Budgeting exercise at plant along with CFTs
2. Preparation of Cash OpEx budget RMCs with TVC (yield and solvents) savings.
3. Monthly basis provide Latest Estimates to FP&A Team and report the reasons for variances Vs Budget

Operational Excellence (OE)

1. Actively participate in discussions of OE Saving ideas generation and estimate the idea potential for generated ideas.
2. Review and Tracking of Cash OE TVC & OVC Savings vs target.
3. Reporting of OE Savings status to SLT and GMO HO (Controlling & Planning) teams

Capex and Assets:

1. Review of Capex requests and propose for Investment to next levels; Also conduct Post project evaluation for Key Projects
2. Review of open projects and ensure commissioning of assets as per timelines.
3. Ensure the tagging of All capitalized assets with Asset number
4. Review of Idle Assets and work on Utilisation / Liquidation.

Audits & Compliance

1. Meet the audit requirements like Statutory SOX and internal audits for the plant.
2. Co-ordinating for physical verification of inventory (stock audits) and discuss with WH teams and closure of variances between books and physical inventory as per guidelines.
3. Compliance with accounting policies and guidelines

Qualifications :

Educational qualification: Professional certifications such as Chartered Accountant (CA) or Cost and management Accountant (CMA) or equivalent are mandatory
Minimum work experience:
0-2 years of experience.
Skills & attributes &Critical exposures
Functional Skills

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 auditing 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.

Additional Information :

About the Department
GMO

Global Manufacturing Organisation (GMO)

At Dr. Reddys 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 1150 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. Reddys we actively help to catalyse your career growth and professional development through personalised learning programs.
The benefits you will enjoy at Dr. Reddys 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. Reddys why they come to work every day and theyll say because Good Health Cant 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 were 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 Work :

No

Employment Type :

Full-time