Job Description

Job Title Senior Accounting Specialist - Level 1



#GBS
#LI-PHILIN

About 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.

JOB DESCRIPTION:

• Execution and take responsibility for ICS/Sox controls to make it effective. Take corrective actions and documentation for audit purposes.
• 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

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 Seekers

It 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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