Job Description

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.

The Expert- GFRT is responsible for preparing, reviewing, and consolidating monthly and quarterly financial statements in compliance with IFRS and Ind AS standards. This role requires ensuring accuracy, transparency, and timeliness in reporting, supporting management decision making and other stakeholders.

Key Responsibilities

• Evaluation of complex and unusual transactions in Compliance with Accounting standards
  • Interpret and apply IFRS and Ind AS requirements to evaluate agreements involving collaboration deals with third parties, In-licensing, out-licensing arrangements and other transactions.
  • Determine the appropriate accounting treatment based on evaluation as per applicable GAAP requirements ( i.e., IFRS and Ind AS)
  • Evaluate the disclosure requirements on the financial statements
  • Stay updated on changes in accounting standards and evaluate the implications.
  • Co-ordinate with external statutory auditors to finalise and conclude the accounting treatment determined
• Monthly & Quarterly Financial Review
  • Perform detailed review of financial statements to ensure compliance as per GAAP.
  • Review disclosures in periodical financials filed with SEBI and SEC
  • Ensure compliance with IFRS and Ind AS accounting standards.
  • Conduct periodic update meetings with various Business units and statutory auditors.
  • Consolidate the non-routine transactions and align on the conclusions with statutory auditors.
  • Evaluate impact of subsequent events arising prior to finalisation and approval of financial statements by the Board of directors.
  • Ensure timely finalisation of deliverables to the audit committee.
• Process Improvement
  • Streamline reporting processes to improve accuracy and efficiency.
  • Implement automation tools and reporting templates.
  • Contribute to internal controls and governance frameworks.
  • Periodic technical accounting sessions for relevant stakeholders.
• Stakeholder Support
  • Provide financial insights to management for strategic decision-making.
  • Collaborate with cross-functional teams including central teams to support in the various deals and strategies.

Qualifications

• Qualified Chartered Accountant with minimum 10 to 12 years of experience in financial reporting, auditing and prior experience in any Big 4 is preferable.
• Strong knowledge of IFRS and Ind AS standards in particular – IFRS 15, IAS 38, IFRS 3, IFRS 16 and IFRS 9.
• Experience in consolidation of financial statements, finalisation of annual reports and preferable knowledge on various filings with SEC (Form 6K and Form 20F).
• Knowledge in SAP.
• Analytical mind set with attention to detail.
• Communication and stakeholder management skills

Additional Information

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/#!/