Senior Accounting Specialist - Level I

In this role, you have the opportunity to

Ensure proper closure of Books as part of Month end close Process as per accounting standard (IFRS)  in adherence with quality principles and timelines to ensure smooth submission of final numbers for consolidation of books . 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.
• Excellent conceptual understanding of accounting cutting across various RTR Functions .
• Good grasp of concept of tables , chart of accounts , linkages and data base management principes.
• Exposure to Advanced Excel , Arrays , advanced Excel formula would be a positive
• Problem solving ability and ability to deal with ambiguity and come with solution .
• Digital mindset and passion for process improvements and automation.
• Proactively identify control deficiencies and work with business to mitigate deficiencies / risks.
• Review of JVs, BSARs, GBSR, Internal Controls related documentation
• Preparation of judgmental JVs
• Verify compliance with accounting standards and regulations based on IFRS
• Month-close activities
• Liaise with Market stakeholders on the regular activities / alignment/escalation management
• Provide accurate & timely data for fiscal reporting and other requirements.
• Justification of end balance and documentation of aged / manual items
• Identifies opportunities for process improvement and automation
• Responsible for managing the performance of 3rd party colleagues
• E2E responsible for all accounting processes 
• Support year-end audits including, process walkthrough, test of controls, documentation, coordination.
• Ensures all business events and transactions are properly recorded and justified 
• Responsible for Continuous Improvement projects and drive standardization as per goals.   
• Provide commentary for the variances in Trial Statement Review & lead TSR calls based on role
• Achieving RTR Goals & Key performance Indicators 

To succeed in this role, you should have the following skills and experience.

• CA/CMA/CPA/CIMA with at least 3-5 years of experience or MBA Finance/ Semi qualified Finance professionals eg: CA, CMA CPA CIMA etc. with at least 8 years of experience
• Good Knowledge of IFRS and ability to connect concepts to external reporting.
• Knowledge in field group consolidation and reporting would be an added advantage
• Hands on experience in Microsoft Office especially MS Excel
• Knowledge in SAP would be preferred
• Ability to manage multiple stakeholders, penchant for bringing new ideas and looking for continuous improvements

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