Overview:
Hetero Healthcare Ltd is a leading Innovative Pharmaceutical Company in India, headquartered at Hyderabad. We aim to improve the quality life of the people with our product line and along with a continuous Research and Development process. Our team is more committed, to finding tomorrow's cures and treatments for some of the most serious diseases. We believe that new medicines are an integral part of the healthcare system, Hetero Healthcare helps patients better by leveraging our industry-wide experience, deep technology expertise, comprehensive portfolio of Products and vertically aligned business model for the upliftment of the human life.
For more details Visit our company website https://www.heterohealthcare.com/
JOB DESCRIPTION
Role: DEPUTY GENERAL MANAGER (DGM) – FINANCE & ACCOUNTS
Industry: Pharmaceutical / Other Electronics/ Aerospace products Manufacturing
Department: Finance & Accounts
Qualification: Chartered Accountant (CA) – First Attempt Preferred
Experience: Minimum 14 years of post-qualification experience, predominantly in manufacturing; pharmaceutical industry/ Aerospace industry experience preferred
ROLE PURPOSE
The DGM – Finance & Accounts will be responsible for managing the Company's Finance & Accounts function encompassing financial accounting and reporting, taxation, banking, treasury, working capital, budgeting, MIS, audits and financial controls.
The incumbent will report to the CFO – Finance & Accounts and should be capable of independently managing day-to-day finance operations while providing accurate and timely financial information, analysis and decision support to senior management.
The position requires a hands-on Chartered Accountant with strong technical, analytical and leadership capabilities, preferably with significant exposure to pharmaceutical / Aerospace manufacturing operations.
Key Responsibilities:
1. Financial Accounting & Reporting
- Lead monthly, quarterly and annual book closure and ensure timely and accurate finalization of accounts.
- Review Trial Balance, Profit & Loss Account, Balance Sheet, Cash Flow Statement and supporting schedules.
- Ensure accuracy of General Ledger, provisions, accruals, depreciation, revenue recognition, inventory accounting and expense accounting.
- Review bank, vendor, customer, related-party, inter-company and statutory reconciliations.
- Ensure compliance with Ind AS, Schedule III and applicable provisions of the Companies Act.
- Prepare/review standalone and consolidated financial statements, wherever applicable.
- Coordinate with statutory and internal auditors and ensure timely closure of audit observations.
- Ensure appropriate accounting treatment for complex/non-routine transactions and maintenance of adequate supporting documentation.
2. GST & Indirect Taxation
- Oversee GST compliance including return filing, reconciliations, Input Tax Credit and statutory payments.
- Ensure reconciliation between books of accounts, GST returns and portal data.
- Review GST implications relating to domestic sales, exports, imports, stock transfers, job work, discounts, credit notes, free/promotional supplies and related-party transactions.
- Monitor e-invoicing and e-way bill compliance.
- Handle GST notices, assessments, audits and refunds in coordination with consultants/advisors.
- Ensure appropriate controls to minimize ITC losses and indirect-tax exposures.
3. Direct Taxation
- Review corporate income-tax computations, advance tax and annual tax provisions.
- Ensure timely TDS/TCS compliance, payments, returns and reconciliations.
- Coordinate corporate income-tax return filing and tax audits.
- Review current and deferred tax calculations.
- Handle income-tax notices, assessments and scrutiny proceedings in coordination with tax consultants.
- Maintain appropriate documentation for tax positions, litigation and contingent liabilities.
4. Banking, Treasury & Fund Management
- Manage relationships with banks and financial institutions.
- Prepare, review and submit CMA data, financial projections and other information to banks/financial institutions for raising new debt, enhancement/renewal of working capital limits and other credit facilities.
- Monitor daily cash position and prepare short/medium-term cash-flow forecasts.
- Manage working-capital facilities including CC, WCDL, LC, BG, bill discounting and other fund/non-fund-based facilities.
- Monitor sanctioned limits, drawing power, utilization and compliance with sanction terms/covenants.
- Coordinate renewal/enhancement of banking facilities and submission of stock/book-debt statements and other lender information.
- Negotiate banking terms, interest rates, charges and other commercial terms.
- Monitor borrowing costs and identify opportunities for finance-cost optimization.
- Manage foreign exchange exposures and coordinate hedging/forex transactions as per Company policy.
- Ensure applicable FEMA/RBI compliance relating to treasury and cross-border transactions.
5. Working Capital Management
- Monitor and improve receivable days, payable days, inventory days and overall cash-conversion cycle.
- Review customer ageing and coordinate collection of overdue receivables.
- Monitor vendor payments and cash-flow requirements.
- Review inventory from a financial perspective, including slow-moving, non-moving, obsolete and expired inventory.
- Prepare periodic working-capital analysis and identify opportunities for releasing cash blocked in operations.
6. Budgeting, MIS & Management Reporting
- Coordinate annual budgeting and periodic forecasting processes.
- Prepare/review monthly management MIS covering P&L, Balance Sheet, Cash Flow and key financial ratios.
- Analyse Actual vs Budget vs Previous Year performance and identify key variances.
- Provide analysis of revenue, gross margin, material cost, manufacturing expenses, EBITDA, finance cost and working capital.
- Prepare management dashboards covering receivables, inventory, borrowings, bank utilization, taxation, CAPEX and cash flows.
- Provide financial analysis and decision support to the VP Finance and senior management.
7. Manufacturing & Pharmaceutical Finance
- Ensure appropriate accounting and controls over raw materials, packing materials, WIP and finished goods.
- Review inventory valuation, manufacturing overheads, product costing and production-related financial variances.
- Analyse material consumption, yields, wastage/rejections and manufacturing costs.
- Review provisions relating to slow/non-moving, obsolete and expired inventories.
- Work closely with Production, Procurement, Supply Chain, Quality, Sales and Commercial teams on financial matters.
8. Audit, Controls & Compliance
- Coordinate statutory audit, internal audit, tax audit and other applicable audits.
- Strengthen Internal Financial Controls (IFC), SOPs, approval matrices and maker-checker controls.
- Ensure compliance with accounting standards, tax laws, banking covenants and applicable statutory requirements.
- Maintain an effective Finance & Accounts compliance calendar.
- Drive timely closure of audit findings and implementation of corrective actions.
9. Process Improvement, ERP & Team Management
- Drive automation and process improvements within Finance & Accounts.
- Strengthen ERP-based accounting, controls, reconciliations and management reporting.
- Improve month-end closing timelines and reduce manual processes.
- Lead, mentor and develop the Finance & Accounts team.
- Establish clear responsibilities, timelines and performance standards within the department.
