Philips India Limited is a subsidiary of Royal Philips of the Netherlands, a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology, deep clinical, and consumer insights to deliver integrated solutions. The company is a leader in diagnostic imaging, image-guided Therapy, patient monitoring and health informatics, as well as in consumer health and home care.
Ensure revenue recognition for equipment business, as per accounting standard (IFRS15). 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.
- 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
- 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
- Achieving RTR Goals & Key performance Indicators
