Associate - Forex & Investments

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 Summary Assist in Managing Foreign currency risk of the Group To understand the exposure of the group to different currencies for both balance sheet exposure and anticipated cash flow exposure The above activity is done on a group level and hence requires understanding of total subsidiary exposure and requires coordination with various units to ensure accurate computation of exposure Assist in developing hedging strategies to minimize hedge cost and mitigating risk Coordinate with various foreign Indian banks for the conversion of daily cash flows obtain quotes for forward options instruments and support the Chief dealer in the execution of trades To understand the different accounting aspects of exposure management and assess the impact of foreign currency transactions of the group Assist in Managing Liquidity and investments of the group Assist in developing investment strategies to maximize returns of surplus funds Collaborate with various business units to assess fund requirements and assist in deployment of funds Monitor Investment performance and provide regular reports Preparation of MIS Reports and Decision Support Analysis Prepare periodic MIS reports on forex and investments providing insightful analytical inputs to support strategic decision-making Prepare treasury performance against plan number and highlighting key variances Preparation of reports Like un-hedged foreign currency exposure Underlying details to banks etc in accordance with RBI guidelines Lead efforts on improvement enhancement of SAP TRM with support from Treasury Controller and Back-Office ussions for the team Qualifications Educational Qualifications CA MBA Experience Required 2-3 years of relevant experience 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