Finance BP & Consolidation

Employer
Philips
Location
India
Posted
Mar 30, 2024
Closes
Apr 06, 2024
Ref
4628844680
Level
Staff
Work Mode
Work from office
Hours
Full Time
Organization Type
Corporate
Job Title

Finance BP & Consolidation

Philips is a global leader in health technology, committed to improving billions of lives worldwide and striving to make the world healthier and more sustainable through innovation. Driven by the vision of a better tomorrow.

But it's not just what we do, it's who we are. We are 80,000, wonderfully unique individuals, with two things in common. An unwavering sense of purpose and a relentless determination to deliver on our customers' needs. It's what inspires us to create meaningful solutions - the kind that make a real difference - when it matters most.

The world and our customers' needs are changing faster than ever before and while we are proud of what we do already, we know we can do more. That's why we need you, to help us tackle increasingly complex challenges posed by ever evolving health and well-being needs.

Areas of responsibility
  • 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 ASP's 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
  • Working with various function heads to drive Zero Based budgeting to define AOP, RoFo on quarterly basis and drive effective spend.
  • Review and analysis of monthly financial performance of revenue and expenses to determine key drivers impacting company's 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
  • Approving Deals considering various parameters like TOP, LC etc

Prerequisites
  • Typically requires a minimum of 10+ years of work experience and a professional degree in Finance - CA/MBA
  • Balanced financial experience, 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. It's 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 one could have planned for. Even you.

About Philips

We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.
  • Learn more about our business.
  • Discover our rich and exciting history.
  • Learn more about our purpose.

If you're interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our commitment to diversity and inclusion here.