Job Description

Job Title Accounting Specialist PTP#LI-PHILINAbout PHILIPS:Philips is a global leader in health technology, committed to improving billions of lives worldwide and striving to make the world healthier and more sustainable through innovation. Driven by the vision of a better tomorrow.But it\xe2\x80\x99s not just what we do, it\xe2\x80\x99s who we are. We are 80,000, wonderfully unique individuals, with two things in common. and a relentless determination to deliver on our customers\xe2\x80\x99 needs. It\xe2\x80\x99s what inspires us to create meaningful solutions \xe2\x80\x93 the kind that make a real difference \xe2\x80\x93 when it matters most.The world and our customers\xe2\x80\x99 needs are changing faster than ever before and while we are proud of what we do already, we know we can do more. That\xe2\x80\x99s why we need you, to help us tackle increasingly complex challenges posed by ever evolving health and well-being needs.About Philips Global Business Services (GBS)Philips Global Business Services delivers excellence in the execution of business services, enabling an agile repeatable framework to leverage market opportunities that contribute to extending our leadership as a Health Technology company. Our people are a key part of the transformation program in Philips and at GBS, you become part of a global team of professionals that form the backbone of this journey.:In this role, you have the opportunity tolive your passion for finance and accounting and develop your expertise in this area.Your responsibilities:

• Perform electronic and manual bank payments
• Process payroll and tax payments,
• Perform bank reconciliations,
• Perform month-end close activities,
• Monitor invoice payment deadlines, prepare remittances and control the execution of payments
• Prepare and submit documentation for internal controls (maintaining deadlines and good quality),
• Administer invoice approval workflow, including seeking direct approval from business operations
• Be in contact with the local banks in case of any issues,
• Handle internal customer inquiries and inquiries from outsourcing partners or authorities,
• Deliver services timely and in line with agreed controls, policies and procedures,
• Update work instructions,
• Other ad-hoc AP duties as required Position Qualifications

You are a part ofOur Global Business Services Chennai where we centralize our business processes. Our focus is on supporting faster workflows and collaboration across departments, to enable leaner operations and improved results.To succeed in this role, you should have the following skills and experience

• University graduate or the last year of studies (Finance / Accounting / Economics)
• Previous experience in a similar Accounts Payable environment within an organization or SSC/BPO environment will be advantageous with 2 years experienc
• Up to date standard knowledge of corporate and local accounting rules will be advantageous
• Computer literacy \xe2\x80\x93 Excel, Word and other large enterprise systems advantageous (e.g. SAP, Oracle etc.)
• Fluent English. Other European languages are welcome.
• Well-developed communication skills and problem solving attitude
• Ability to multi-task and work in a fast-paced environment
• Time management skills and discipline (accuracy and organizational skills are essential)
• Ability to work in teams and deadlines

In return, we offer youA meaningful career, with new challenges in our dynamic organization, working in an encouraging multinational and multicultural environment. We are happy to provide you with this opportunity to work with new technologies. You will be surrounded by passionate and committed, colleagues who share your ambition to create outstanding customer experiences. Your work will be ambitious and full of opportunities for growth. Variety and challenge will be part of your daily routines.How we work at Philips
Our newly-adopted hybrid work concept fuses flexibility with collaboration to deliver great outcomes for our people and our customers. We are embracing an approach wherein we spend more time together than apart \xe2\x80\x93 which for full-time employees translates to an average of at least 3 days working from the office and up to 2 days from home \xe2\x80\x93 for our hybrid roles.
Hybrid work flexibility means people can meet the changing demands of work and home in the most balanced, productive, and healthy way. Hybrid work flexibility means people can meet the changing demands of work and home in the most balanced, productive, and healthy way.Our hybrid working model is defined in 3 ways:
We believe in the importance of impactful collaboration: There\'s a certain energy when everyone\xe2\x80\x99s in the same room that can heighten idea generation and creative friction needed for problem-solving.
We embrace flexibility: Choosing where, when and how to work can vary according to task and team schedules. Flexibility isn\xe2\x80\x99t office or online, it means choosing the space that works best for you, your teams and our customers on a case-by-case basis.
We want to be at our best: The way we work and our workspaces are designed to support our well-being, offer career advancement opportunities, and enable us to be at our best.Why should you join Philips?Working at Philips is more than a job. It\xe2\x80\x99s a calling to create a healthier society through meaningful work, focused on innovative, customer-first health technology solutions. Help us improve the health and well-being of billions of people, every year. Ultimately creating a career that no one could have planned for. Even you.Notice for Philips Job SeekersIt has come to our attention that a group of unknown fraudsters are reaching out to people on LinkedIn and other websites, offering fake employment opportunities and charging a fee in the name of Philips. We have noticed that these emails are using fake domain addresses as opposed to Philips domain (Philips.com). Please note that Philips has a merit-based employee selection practice mentioned on our official website ( ). We do not charge / accept any amount or security deposit from job seekers during the selection process or while inviting candidates for an interview. To find out more, please read :

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