Senior Accounting Specialist (Level I)

Job title:
Senior Accounting Specialist (Level I)
Your role:

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. 
• 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 
• 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 

How we work together
We believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week.
Onsite roles require full-time presence in the company’s facilities.
Field roles are most effectively done outside of the company’s main facilities, generally at the customers’ or suppliers’ locations.
Indicate if this role is an office/field/onsite role.
About Philips
We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.
• Learn more about our business.
• Discover our rich and exciting history.
• Learn more about our purpose.
If you’re interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our commitment to diversity and inclusion here.