Dr. Reddy's Laboratories—Finance Controller - FET

Job description

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. " Finance Controller – Fixed Assets & Capex Management Position Summary The Finance Controller– Fixed Assets & Capex Management will be responsible for driving governance, reporting, and financial control over Capital Expenditure (Capex), Capital Work-in-Progress (CWIP), Fixed Assets, and Depreciation. The role requires close coordination with Plant Finance, Engineering, Projects, Procurement, and Business teams to ensure timely capitalization of assets, accurate financial reporting, and compliance with accounting policies and internal controls. Key Responsibilities 1. CWIP Governance & Capitalization - Conduct periodic review of CWIP balances across business units. - Monitor project-wise CWIP ageing and follow up with stakeholders for timely completion and capitalization. - Identify long ageing and dormant CWIP balances and drive corrective actions. - Review CWIP line items to ensure appropriate classification and identify items requiring charge-off to Opex. - Ensure compliance with capitalization policies and accounting standards. 2. Capex Monitoring & Cash Flow Management - Track Capex spend. - Prepare and submit monthly Capex cash flow reports and forecasts. - Partner with project teams and business stakeholders to improve forecasting accuracy. 3. Idle Assets Management - Drive periodic identification, review, and reporting of idle assets. - Coordinate with plant, engineering, and business teams for redeployment, sale, or disposal of idle assets. - Monitor idle asset ageing and provide actionable insights to management. 4. Fixed Assets Accounting & Month-End Closure - Lead fixed asset month-end closing activities. - Review asset additions, transfers, retirements, and disposals. - Ensure completeness and accuracy of Fixed Asset Register (FAR). - Perform/ Monitor Physical Verification activity within the scheduled timelines. - Support statutory, internal, and SOX audits by providing required analysis and documentation. 5. Depreciation Management - Execute monthly depreciation runs in SAP and ensure timely closure. - Perform depreciation variance analysis against forecast, budget, and prior periods. - Investigate unusual movements and coordinate resolution with stakeholders. 6. Reporting & Management Information - Prepare monthly dashboards and presentations for senior management. - Generate reports covering: - CWIP ageing - Capex cash flow - Capitalizations - Idle assets - Depreciation trends 7. Controls, Compliance & Process Improvement - Ensure adherence to accounting policies, internal controls, and regulatory requirements. - Support implementation of automation and digital initiatives related to asset management. - Identify opportunities for process improvements, standardization, and simplification. - Participate in system enhancement projects involving SAP, ServiceNow, and other finance platforms. - CA / CMA - 2-3 years of experience in Fixed Assets, Capex Accounting, Controllership, or Corporate Finance. - Strong understanding of Ind AS / IFRS fixed asset accounting. - Experience in manufacturing or pharmaceutical industry preferred. - Hands-on experience with SAP (FI-AA, PS, MM modules preferred). 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/#!/"