Finance Manager – South Africa

Company 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.

Job Description

Job Summary

We are looking for a Finance Manager to support business partnering, auditing, financial closure, finance automation projects and tax filings by managing sales reporting, financial KPIs, and S&OP processes, and ensuring compliance with marketing code and local tax laws. This role involves collaborating with senior leadership on cost management, handling AR and AP management, preparing local tax documents, coordinating with auditors, and ensuring timely submission of all financial filings.

Roles & Responsibilities

• You will be responsible for monthly sales analysis at product/SKU level, providing commentary around Growth, LE and Budgets and preparation of Brand P&L's.
• You will be responsible for providing support on all business proposals including tenders, business cases and validating proposals.
• You will be responsible for managing financial KPIs on a monthly basis and providing support for S&OP and MRM.
• You will provide support for the preparation of annual budgets like preparation of segment P&L and collating the MIS.
• You will be responsible for review of secondary sales and inventory holding at wholesalers.
• You will be responsible for working closely with Corporate teams and business heads on analytics projects, simplification and automation projects.
• You will be responsible for liaising with external agencies for statutory compliances.
• You will be responsible for monthly financial closure of books of accounts.
• You will be responsible for quarterly and annual corporate timelines, including AR, P&L, Balance Sheet and Notes to Accounts.
• You will be responsible for ensuring all aspects of subsidiary financials and schedules are updated with adequate reasoning for variances on a monthly basis.
• You will be responsible for AR management including monthly reconciliation with all customers and 4PL service providers.
• You will be responsible for inventory management and collaborating with SCM for inventory provisions and stock holding KPI.
• You will be responsible for preparing local tax/transfer price P&L and DTA calculations.
• You will be responsible for coordinating with local auditors for subsidiary financials, SOX and IA requirements if any. 
• Coordination with third party payroll processing firm for payroll preparation.
• You will be responsible for ensuring compliance to the marketing code, DOA and SOP’s of the Subsidiaries. You will also ensure SOX controls are followed.
• You will be responsible for timely submission of all Subsidiaries local filings & board resolutions. 
• You will be responsible for compliance to local tax laws surrounding direct and indirect taxes, transfer pricing and documentation.
• You will be responsible for ensuring all filings are up to date and zero tolerance for delays through external agencies.
• You will be responsible for income tax return validation and lodgement.

Qualifications

Educational qualification: CA

Minimum work experience: 5-8 years of experience

Skills & attributes:

• Proficiency in preparing and analysing financial reports, such as P&L statements, balance sheets, MIS, and cash flow statements in accordance with Local Generally Accepted Accounting Principles (GAAP), IFRS, and other local regulatory compliances.
• Experience in developing, managing, and reporting budgets and forecasts at a product/SKU level.
• Knowledge in using Excel and SAP or similar ERP systems for financial reporting, month-end closure, and uploads.
• Ability to support and validate business proposals, tenders, and pricing strategies, including collaboration with leadership and sales teams.
• Expertise in local tax laws, transfer pricing, and compliance requirements.
• Skills in managing inventory, collaborating with supply chain management (SCM), and handling inventory provisions and stock holding KPIs.
• Strong communication and collaborative skills to work with senior leadership, finance and business heads, sales teams, external statutory agencies, and auditors.
• High level of attention to detail for ensuring precision and reliability in all tasks.
• Excellent problem-solving skills and analytical thinking to support strategic decision-making through detailed analysis and insights.

Additional Information

Benefits Offered

At Dr. Reddy’s we actively help to catalyse your career growth and professional development through personalised learning programs.

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.

Diversity, Equity & Inclusion

At Dr. Reddy’s, we are deeply committed to building a diverse, equitable and inclusive workplace where everyone belongs and is valued for their contributions to the team.  We are most interested in finding the best candidate for the role and are open to exploring candidates with a less traditional background.

For more details, please visit our career website at https://careers.drreddys.com/#!/