In this role, you have the opportunity to
You have the opportunity to drive the assessment of risks and internal control over financial reporting (ICOFR). Key activities include performing ICOFR risk impact assessment on new or existing processes, developing and maintaining Corporate SOX framework, advising on the design, implementation of controls, support the remediation of control deficiencies and remediate design gaps for a process.
This is a challenging role requiring adherence to deadlines, communication skills, and a flexible approach.
You are responsible for
Help create value for the finance organization by designing efficient solutions to drive operational efficiencies, compliance with company policies, and thereby reducing risk of material financial reporting misstatements.
Administration of the quarterly and annual Sarbanes-Oxley certification process.
Represent Internal Controls in selected Audit & Risk Committees
Participate in system and project implementations which have Internal Control /SOx implications.
Work closely with different levels of management and business process owners to ensure key controls are timely identified and embedded in the process, tested, and operating effectively.
Monitor and advice process owners on action plans for remediation of deficient controls on a timely basis.
Perform root cause analysis and design efficient and effective remediation plans.
Work closely with process/control owners to ensure that audit findings are timely resolved.
Contribute to the preparation of periodic reporting to key stakeholders such as senior management.
Identify opportunity to increase efficiency and continuously improve on the existing internal control framework.
Develop and maintain strong relationships with Head of Finance, Business Process, Control Owners and Internal Audit to determine key risk areas that need process improvement.
Assist in developing practical approaches and solutions that address internal control compliance challenges and issues.
Assist to drive change, implement process improvements, and be a valued business partner
You are a part of
Global Internal Control Team (ICT), who is the global responsible for securing compliance with Philips’ Internal Control System and the Sarbanes Oxley Act (SOx), as well as, for driving and executing strategic programs in the Internal Control domain with a view to always maintain the robustness of the Philips internal control framework.
ICT is part of Accounting, Reporting & Internal Control (ARIC) within Philips Finance organization.
To succeed in this role, you should have the following skills and experience
Bachelor’s or Master’s degree in Accounting or Finance.
Certified Public Accounting (CPA) or Certified Internal Audit (CIA) is a plus.
A minimum of 8 years of professional experience
Experience as an auditor (preferably in one of the Big 4 public accounting firms)
Strong knowledge of IFRS
Experience in finance compliance is a must.
Able to identify, document and evaluate key financial and business control processes within a global organization.
Ability to comprehend the relationship between different control procedures and objectives and the impact on overall internal control framework.
Strong analytical skills.
Excellent written/oral communication skills and the ability to gain the respect of senior management.
Knowledge of MS Office (i.e. Word, Excel, and PowerPoint). Knowledge of Internal control compliance tool is a plus.
Fluent in English, both written and verbal.
Highly motivated and able to manage in a changing environment.
Confident communicator with strong interpersonal skills, effective in dealing with people at all levels.
Comfortable working in a team and independently, willing and able to take on responsibility.
In return, we offer you
A path towards your most rewarding career. Succeeding in this role in a complex environment will open many doors for your long term career, in other areas in Philips or otherwise. We also believe that we are at our best as a company when you are at yours as a person. Thus, we offer competitive health benefits, a flexible work schedule and access to local well-being focused activities.
We are open to train and develop young talent with the right mindset!
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 .
As an equal opportunity employer, Philips is committed to a diverse workforce. You will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, genetic information, creed, citizenship, and disability, protected veteran or marital status.