Finance BP - SSD, SRC & Monitoring

Employer
Philips
Location
India
Posted
Mar 07, 2024
Closes
Apr 13, 2024
Ref
4523449556
Level
Staff
Work Mode
Work from office
Hours
Full Time
Organization Type
Corporate
Job TitleFinance BP - SSD, SRC & Monitoring
Job Description
As a finance function, we are recognized for driving and accelerating value creation for Philips. Our mission is to be a better, smarter, and sharper finance function, focused on developing our partnerships, our people, and our operational excellence. We wish to maintain our robust performance and significant contribution to the organization. We bring value by improving our financial processes and tools so that we can deliver financial services faster and better. Quality First will be the critical enabler to reach our goals. The aim is to DRIVE quality and to simplify our five main Hoshin objectives for Finance as
D
igital,
R
ight first time,
I
ntegration,
V
alue creation, and
E
ngagement.

The finance work is organized around five domains, including Business Partnering (BP), Financial Planning and Analysis (FP&A), Accounting Operations (Acc. Ops), Accounting, Reporting and Internal Control (ARIC), and Group Functions, consisting of Tax, Treasury, Investor relations, Internal Audit, M&A, Philips Capital.

You are responsible for

To ensure financially sound decision making by participating in the Market Management Team to deliver meaningful interpretation and decision support based on services and analytics from FP&A resources.

Participates with other senior managers to establish
strategic plans and objectives

Participate with Business in Market Share review at BU and Segment level and share financial insights of current trend vs plan to drive Market Share

Work on Strategic Projects to improve Topline, Market Share and Profitability

Work Closely with Projects and Business team to understand the OOH Conversion to revenue and Book and Bill Opportunities

Drive business strategy and
financially sound business decision making
with financial analysis, strategy modeling

Ensure
efficient Internal control environment
and effective process in place for Accops , SCM etc

Preparing and analyzing of Annual and strategic financial plans
(Annual Budget (i.e. AOP), Quarterly Forecast (i.e. Rolling Forecast)
&
Latest View
Picture of an organization on monthly basis

Review with Business Managers the Q*P Mix in LV vs. Market Deployment

Support Business Managers s in BIM Review based on Demand Planning Inputs

Evaluate ASPs viz.a.viz Price Realization to assess right Target Price-assessment

Reporting Mix Trend both for OIT & Revenue, Market Share & Competition Landscape Analysis and Order Book Analysis to enable sound business decision making

Various
business modelling
like sensitivity analysis of key business drivers, effect of decisions, possible alternatives evaluation for
Sales Go To Market strategy
(link removed)>
Playing a role of
Business partner
to break problems to actionable items and facilitate the right business decisions through influencing and collaborating with all.

Review and analysis of monthly financial performance
of revenue and expenses to determine key drivers impacting companys P&Ls thereby monitoring trends, assessing implications and developing actionable strategies.

Review Actual SO Level Profitability and comparison vs Plan

Identify Bleeder Sales Order and do RCA to establish corrective plan

Review Cost at G/L Level to identify leaky buckets and deep dive on root cause

Review Project Accruals ( Actual vs Plan), Inventory Controlling, Management Reporting Analysis (Local, Adders etc.) and MEC closure activities.

Manage Inventory Reporting by supporting on closure of Diversion, Spin Orders, and FOC Closure

Responsible for the month end closing for the business line
ensuring financial integrity of segment result.

Responsible for the
MIS reporting
to business and also have to lead various MIS automation projects & signoff of business requirement documents.

Aided with various
ad-hoc financial analyses
as directed, deemed necessary.

Assesses business opportunities and risks, predicts trends, estimates profitability and growth areas, provides creative solutions, manages costs and allocates resources to add value and manage the portfolio

Regular Communication for
liaising & interacting
with various regional teams

Evaluating
business deals
considering various parameters like profitability, macro economic risks, assess other contingencies as a Finance BP.

Participates with other senior managers to establish
strategic plans and objectives

Participate with Business in Market Share review at BU and Segment level and share financial insights of current trend vs plan to drive Market Share

Work on Strategic Projects to improve Topline, Market Share and Profitability

Work Closely with Projects and Business team to understand the OOH Conversion to revenue and Book and Bill Opportunities

Drive business strategy and
financially sound business decision making
with financial analysis, strategy modeling

Ensure
efficient Internal control environment
and effective process in place for Accops , SCM etc

Preparing and analyzing of Annual and strategic financial plans
(Annual Budget (i.e. AOP), Quarterly Forecast (i.e. Rolling Forecast)
&
Latest View
Picture of an organization on monthly basis

Review with Business Managers the Q*P Mix in LV vs. Market Deployment

Support Business Managers s in BIM Review based on Demand Planning Inputs

Evaluate ASPs viz.a.viz Price Realization to assess right Target Price-assessment

Reporting Mix Trend both for OIT & Revenue, Market Share & Competition Landscape Analysis and Order Book Analysis to enable sound business decision making

Various
business modelling
like sensitivity analysis of key business drivers, effect of decisions, possible alternatives evaluation for
Sales Go To Market strategy
(link removed)>
Playing a role of
Business partner
to break problems to actionable items and facilitate the right business decisions through influencing and collaborating with all.

Review and analysis of monthly financial performance
of revenue and expenses to determine key drivers impacting companys P&Ls thereby monitoring trends, assessing implications and developing actionable strategies.

Review Actual SO Level Profitability and comparison vs Plan

Identify Bleeder Sales Order and do RCA to establish corrective plan

Review Cost at G/L Level to identify leaky buckets and deep dive on root cause

Review Project Accruals ( Actual vs Plan), Inventory Controlling, Management Reporting Analysis (Local, Adders etc.) and MEC closure activities.

Manage Inventory Reporting by supporting on closure of Diversion, Spin Orders, and FOC Closure

Responsible for the month end closing for the business line
ensuring financial integrity of segment result.

Responsible for the
MIS reporting
to business and also have to lead various MIS automation projects & signoff of business requirement documents.

Aided with various
ad-hoc financial analyses
as directed, deemed necessary.

Assesses business opportunities and risks, predicts trends, estimates profitability and growth areas, provides creative solutions, manages costs and allocates resources to add value and manage the portfolio

Regular Communication for
liaising & interacting
with various regional teams

Evaluating
business deals
considering various parameters like profitability, macro economic risks, assess other contingencies as a Finance BP.

To succeed in this role, you should have the following skills and experience.

Chartered Accountant
,
MBA
Finance from a premier institute

10+ years of work experience as a Finance Business Partner including FP&A, Accounting.

Progressive experience in business and management roles

Strong business orientation ability to understand and explain business results and translate them into financial consequences.

Strong analytical and communication skills.

In return, we offer you

A meaningful career, with new challenges in our dynamic organization, working in an encouraging multinational and multicultural environment. We are happy to provide you with this opportunity to work with new technologies. You will be surrounded by passionate and committed, colleagues who share your ambition to create outstanding customer experiences. Your work will be ambitious and full of opportunities for growth. Variety and challenge will be part of your daily routines.

Our commitment to inclusion and diversity

At Philips, we provide equal opportunities to all our employees and to all eligible applicants for employment in our company , irrespective of age, color, disability, nationality, race, religion, gender, sexual orientation (LGBTQ +), and all aspects that make individuals unique. Encouraging diversity and fostering inclusion are key to our mission of improving the lives of 2.5 billion people a year by 2030 through meaningful innovation. We have fair, transparent, and clear employee policies which promote diversity and equality, in accordance with currently applicable law. For, we believe that life is better when
#youareyou.

Why should you join Philips?

Working at Philips is more than a job. Its a calling to create a healthier society through meaningful work, focused on innovative, customer-first health technology solutions. Help us improve the health and well-being of billions of people, every year. Ultimately creating a career that no on