Philips Jobs

Don't just accept a job.
Accept a career you never knew was
Challenge yourself with a career at Philips.
hilips please visit <a href="" target="_blank"> </a></p><p><br>Purpose of this R

Job Information

Philips Senior Accounting Specialist in Chennai (ex Madras), India


Company Profile: Philips Global Business Services LLP is a limited liability partnership organization with Royal Philips of the Netherlands. Royal Philips is a diversified technology company, focused on improving people's lives through meaningful innovation in the areas of Health Systems and Personal Health.

Royal Philips, Netherlands is in the process of setting up a shared services global hub in Chennai.The global hub when complete is expected to offer shared services support to Philips operations globally in the areas of Finance, Supply Chain, Customer services, IT, EIM etc. For information on Royal Philips please visit

Purpose of this Role: E2E responsible for accounting processes (GL accounting, Month End Close,Balance Sheet Account Reconciliation, RTR related Controls),be the link between Accounting Controllers and3rd 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

  • Be the linking pin with Accounting Controllers to receive input on business events for capturing in books

  • 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


  • Market Accounting Controller

  • Market RTR Lead

  • Business Partners

  • Head of Finance

Educational Qualification:

  • UG: Bachelor of Commerce

  • PG: Masters in Commerce (preferable)

  • Professional: CA/CMA/CPA (preferable)

  • Others : CA‐Intermediate

Work Experience:

  • Minimum 7 years of progressive working experience in General Accounting

  • SAP FI/CO experience

Key Skills:

  • A proactive team player who demonstrates ownership for his/her scope and who shows initiative to solve problems,deliver results and improve performance

  • An experienced accountant with a top‐of mind understanding of how to apply accounting concepts and knowledge to the real‐world challenges.

  • Analytically capable of analyzing results to identify issues and provide insight.

  • This means effectively linking the content outcomes of the accounting work to the business context.

  • A strong communicator and collaborator who effectively teams up with Market stakeholders in support of delivering on business commitments and control objectives.

  • Structured and disciplined in his/her daily work, staying on‐top‐of commitments and timely communicating when not possible so workaroundcan be put in place.

Please excuse:

  • BPO candidates

  • MBA without basic Accounting degree