Nikhil Mehta

About Nikhil Mehta

A well rounded professional with over 14 years of post qualification experience in the…

Experience

1. Business Partnering - Controlling & Planning

   Dr. Reddy's Laboratories

   Dec 2021 — Present · Hyderabad, IN

   Prepare Opex and Capex budget for review and approval by CXO team for Biologics Business Unit- Work closely with the cross-functional team to develop monthly forecasts for the P&L. Analyze the variations between the original budget and the most recent estimate- Oversee revenue recognition process, ensuring compliance with accounting standards and company policies- Preparation and presentation of MIS reports monthly consisting of revenue analysis, deferred position, exceptional issues, forecast variance & trend analysis, profitability, and overall portfolio performance for leadership teams- Defined and enforced standardized R2R policies and procedures, ensuring compliance with local statutory requirements- Monitor and manage month-end, quarter-end, and year-end closing activities per closing timelines- Review and present balance sheet reviews to senior stakeholders- Manage ad-hoc projects initiated by finance leadership team- Single point of contact for Internal, Statutory and SOX audit - ensuring timely closure of observations each quarter- Supported SOX team in developing RCM with detailed walkthrough of established policies and procedures- Review contracts and participate in commercial negotiations along with SCM for high value contracts- Responsible for obtaining and validating financial information to ensure that financial data is complete and accurate, including collecting and analyzing data required for the clinical trial accruals- Identify opportunities for potential cost optimization- Led a team of 5, overseeing the controllership, compliance and reporting of entire BU- Team Development and Capability Building-Develop leadership & soft skills of team members. Self-improvement and enhancing my span of influence within and outside Biologics.

Education

• ACCA

  Diploma IFRS

• The Bhawanipur Education Society College

  B. Com (H)

• The Institute of Chartered Accountants of India

  Chartered Accountant

Skills

• Statutory Accounting
• Auditing
• Mis
• Internal Audit
• Vat
• Accounting
• Target Costing
• Financial Accounting
• Internal Controls
• Income Tax
• Corporate Finance
• Taxation