Job Description

Job Title

Accounting Specialist

#LI-PHILIN About PHILIPS: 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. 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 This role gives a full insight into the book closure activity of Philips and how it interacts with downstream and upstream activities. You will play a key role in bringing in the consolidated numbers for publishing You are responsible for

• Ensure that the accounting is done accurately and on time.
• Review that all balances are correctly held and that adequate reconciliations are available with appropriate documentation
• Verify compliance with accounting standards and regulations based on IFRS

• Preparation & Review of JVs, BSARs, GBSR, Internal Controls related documentation
• Month-close activities

• Liaise with Market stakeholders on the regular activities / alignment/escalation management

• Provide accurate & timely data for fiscal reporting and other requirements.
• Prepare & share documentation/samples for audit

• Responsible for managing 3rd party colleagues on transactional activities.
• Responsible for Continuous Improvement projects and drive standardization as per goals.

• Provide commentary for the variances in Trial Statement Review & lead TSR calls as & when required
• Achieving RTR Goals & Key performance Indicators

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

• CA/CMA fresher or MBA Finance/ Semi qualified Finance professionals eg: CA, CMA etc with at least 3-5 years of experience
• Good in Microsoft excel
• Knowledge in SAP is an added advantage
• Ability to manage multiple stakeholders, penchant for bringing new ideas and looking for continuous improvements

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. How we work at Philips
Our newly-adopted hybrid work concept fuses flexibility with collaboration to deliver great outcomes for our people and our customers. We are embracing an approach wherein we spend more time together than apart – which for full-time employees translates to an average of at least 3 days working from the office and up to 2 days from home – for our hybrid roles.
Hybrid work flexibility means people can meet the changing demands of work and home in the most balanced, productive, and healthy way. Hybrid work flexibility means people can meet the changing demands of work and home in the most balanced, productive, and healthy way. Our hybrid working model is defined in 3 ways:
We believe in the importance of impactful collaboration: There's a certain energy when everyone’s in the same room that can heighten idea generation and creative friction needed for problem-solving.
We embrace flexibility: Choosing where, when and how to work can vary according to task and team schedules. Flexibility isn’t office or online, it means choosing the space that works best for you, your teams and our customers on a case-by-case basis.
We want to be at our best: The way we work and our workspaces are designed to support our well-being, offer career advancement opportunities, and enable us to be at our best. 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. Notice for Philips Job Seekers It has come to our attention that a group of unknown fraudsters are reaching out to people on LinkedIn and other websites, offering fake employment opportunities and charging a fee in the name of Philips. We have noticed that these emails are using fake domain addresses as opposed to Philips domain (Philips.com). Please note that Philips has a merit-based employee selection practice mentioned on our official website (www.philips.co.in). We do not charge / accept any amount or security deposit from job seekers during the selection process or while inviting candidates for an interview. To find out more, please read : https://www.philips.co.in/a-w/about-philips/public-notice.html