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 www.philips.com
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
Head of Finance
UG: Bachelor of Commerce
PG: Masters in Commerce (preferable)
Professional: CA/CMA/CPA (preferable)
Others : CA‐Intermediate
Minimum 7 years of progressive working experience in General Accounting
SAP FI/CO experience
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.
MBA without basic Accounting degree