Senior Accounting Specialists

May 24, 2024
May 27, 2024
Work Mode
Work from office
Full Time
Organization Type
Job Title

Senior Accounting Specialists

About Philips

Philips India Limited is a subsidiary of Royal Philips of the Netherlands, a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology, deep clinical, and consumer insights to deliver integrated solutions. The company is a leader in diagnostic imaging, image-guided

Therapy, patient monitoring and health informatics, as well as in consumer health and home care.

About Philips Global Business Services (GBS)

Philips Global Business Services delivers excellence in the execution of business services, enabling an agile repeatable framework to leverage market opportunities that contribute to extending our leadership as a Health Technology company. Our people are a key part of the transformation program in Philips and at GBS, you become part of a global team of professionals that form the backbone of this journey.

In this role, you have the opportunity to

Ensure revenue recognition for equipment business, as per accounting standard (IFRS15). Review balance sheet account reconciliation at enterprise level. Execute monthly ICS/Sox controls on time. Perform month end close for the assigned activities / markets. Support year end audits.

You are responsible for
  • Execution and take responsibility for ICS/Sox controls to make it effective. Take corrective actions and documentation for audit purposes.
  • Proactively identify control deficiencies and work with business to mitigate deficiencies / risks.
  • Review of JVs, BSARs, GBSR, Internal Controls related documentation
  • Preparation of judgmental JVs
  • Verify compliance with accounting standards and regulations based on IFRS
  • Month-close activities
  • Liaise with Market stakeholders on the regular activities / alignment/escalation management
  • Provide accurate & timely data for fiscal reporting and other requirements.
  • Justification of end balance and documentation of aged / manual items
  • Identifies opportunities for process improvement and automation
  • Responsible for managing the performance of 3rd party colleagues
  • E2E responsible for all accounting processes
  • Support year-end audits including, process walkthrough, test of controls, documentation, coordination.
  • Ensures all business events and transactions are properly recorded and justified
  • Responsible for Continuous Improvement projects and drive standardization as per goals.
  • Provide commentary for the variances in Trial Statement Review & lead TSR calls based on role
  • Achieving RTR Goals & Key performance Indicators

To succeed in this role, you should have the following skills and experience
  • CA/CMA with at least 3-5 years of experience or MBA Finance/ Semi qualified Finance professionals eg: CA, CMA etc with at least 8 years of experience
  • Hands on experience in Microsoft Office
  • Knowledge in SAP would be preferred
  • Ability to manage multiple stakeholders, penchant for bringing new ideas and looking for continuous improvements

In return, we offer you
  • A challenging, innovative environment with great opportunities to explore. Our benefits are very competitive and designed around your preferences:
  • A rewarding career in Philips with attractive package. `
  • A variable bonus based on both Philips results and personal performance
  • Extensive set of tools to drive your career, such as a personal development budget, free training and coaching
  • Attractive collective health insurance package
  • Opportunity to buy Philips shares and products with discount

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 improving 3 billion lives a year by delivering innovative solutions across the health continuum. Our people experience a variety of unexpected moments when their lives and careers come together in meaningful ways. Learn more by watching this video.

To find out more about what it's like working for Philips at a personal level, visit the Working at Philips page on our career website, where you can read stories from our employee blog. Once there, you can also learn about our recruitment process, or find answers to some of the frequently asked questions.