Job Description

Job Title Accounting Specialist



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\xe2\x80\x99s not just what we do, it\xe2\x80\x99s 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\xe2\x80\x99 needs. It\xe2\x80\x99s what inspires us to create meaningful solutions \xe2\x80\x93 the kind that make a real difference \xe2\x80\x93 when it matters most.

The world and our customers\xe2\x80\x99 needs are changing faster than ever before and while we are proud of what we do already, we know we can do more. That\xe2\x80\x99s 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

Your role:

• E2E responsible for accounting processes (GL accounting, Month End Close, Balance Sheet
• Account Reconciliation, RTR related Controls), be the link between Accounting Controllers and 3rd party transactional service provider and drive operational excellence in RTR.
• Key Areas of Responsibility:
• E2E responsible for accounting processes GL accounting, MEC, BCS loading, BSAR,
• RTR related ICS
• Ensures all business events and transactions are properly recorded and justified
• Ensures all accounts properly specified/ justified
• Guardian of the close and ensures progress, timeliness and completeness of close process
• Owns Trial Statement Review process
• Supports audits from RTR point of view
• Oversees, monitors and owns Infosys performance
• Drives standardization, simplification and operational excellence in RTR
• Key performance Indicators:
• Balance Sheet Account Reconciliation Quality and Timeliness
• Month End Close Quality (BCS quality and timely upload)
• Manual Journals posted
• Process standardization and # of Kaizens made to drive continuous improvement
• Internal Control Standards adherence
• Be the linking pin with Accounting Controllers to receive input on business events for capturing
• FP&A activities:

• MEC reports
• AOP
• FC
• NMC commentaries
• MPR calls
• Variance analysis.

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 \xe2\x80\x93 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 \xe2\x80\x93 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\xe2\x80\x99s 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\xe2\x80\x99t 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\xe2\x80\x99s 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.htm

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