SENIOR ACCOUNTING SPECIALIST JOB OPENING FOR CA\MBA AT PHILIPS

Over 125 years ago, Frederik and Gerard Philips started a small light bulb company in Eindhoven. Little did they realize that it would become a global force of innovation, committed to improving billions of lives worldwide. But it did.

Today, Philips is a world leading health technology company with a vision to make life better for people worldwide through meaningful innovation. Making good on this promise depends on our passionate, inspirational, collaborative and diverse team.

We have over 80,000+ brilliant people around the world but are always looking for more. Like-minded, motivated, focused minds to join us in creating a healthier, more connected society while transforming themselves personally and professionally.

VACANCY DETAILS :-

1. POST NAME - Senior Accounting Specialist

QUALIFICATION - CA\MBA
EXPERIENCE - 3 To 4 Years
LOCATION - Chennai

JOB DESCRIPTION :-

As part of Accounting Operations, Hedge Accounting your main activity is to manage the FX risk exposures of the organizations in scope. You ensure that hedging activities are performed in accordance of the guidelines of Group Treasury. The goal is to eliminate fluctuations in profit and loss from currency rate changes by hedging outstanding invoices in foreign currency and by hedging future expected cash flows based on input of business partner.

The function is to be performed in close cooperation with the businesses and Treasury team in order to incorporate changes in invoice flows timely. Your tasks would include, but not limited to


• Hedge the currency risks (committed / anticipated) for organizational reporting units (ORU’s) in scope,

• Ensure that FX risks for the ORU’s in scope are hedged in accordance with the requirements (business, FX policy, IFRS, SoX) and deadlines

• Perform Month End Close activities for Hedge Accounting (Reporting, Signaling, Analysis, Balance sheet specifications)

• Provide advice to business to improve or sustain quality hedging estimation process,

• Responsible for alignment with NL Hedging Team on all processes changes, and

• Work as a team with improvement projects (stakeholder management and other upcoming project

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