About Philips Philips India Limited is a subsidiary of Royal Philips of the Netherlands, a leading health technology company focused on improving people\xe2\x80\x99s 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.
Being the RTR Market Facing AS for APAC
Proactively identify control deficiencies and work with business to mitigate deficiencies / risks.
Review balance sheet account reconciliation (BSAR) for deferred revenue, cost accrual, work in progress and unbilled. Justification of end balance and documentation of aged / manual items
Perform month end close (MEC) activities such as review / accounting of project:
Taxes paid reporting,
Margin
Accrual
Deferred revenue
Monitor the assigned KPI and ensure to meet the targets
Drive upstream revenue quality process issues with upstream stakeholders by setting up regular cadence
Identifies opportunities for process improvement and automation
Support year-end audits including, process walkthrough, test of controls, documentation, coordination.
You are a part of APAC Market Facing Team ( One Finance ) in the Global Hub To succeed in this role, you should have the following skills and experience
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.
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 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\xe2\x80\x99s 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\xe2\x80\x99s 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.
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