Accounting Specialist

Job Description

About PhilipsPhilips 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-guidedTherapy, patient monitoring and health informatics, as well as in consumer health and home care.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 toCollaborate with RTR team and Market facing teams for the ICA non-trade accounting processes.You are responsible for

• End to End responsible for intercompany non trade accounting process (intercompany reconciliation of ISA, Interdepartmental, In House Bank, Trade sundries, ICA Loans, Interest, ICA Share capital, etc)
• Collaborate with Infosys RTR team and Market facing teams for the ICA non trade accounting processes
• Prepare/Review Balance sheet account reconciliation for ICA accounts
• Execute the ICS compliance and work with the stakeholders to improve the ICA compliance scores
• ISA Counterclaim process MJV posting/review and ISA reconciliation with KPNV teams
• Collaborating with FPnA teams and Market facing teams for validating the NPR billing template to send for Infosys team processing
• Analyzing and working on the ICA differences with counterparts, providing support to Infosys RTR for solving the differences
• IHB Direct Debit settlement and clearing the payment entries for non-trade ICA accounts.
• Handling the Month end Closing activities of ICA non trade activities to ensure the 5595 Reconciliations, 545 Reconciliation and allother non-trade groups are properly reconciled with counterparts
• Ensure IHB treasury Loans and Interests are properly booked and reconciled with treasury books during the Month End close
• Monitor and review the MEC activities of RTR team for the interdepartmental and IHB reconciliations with Bank statements, etc
• Work with ARIC team and Infosys PTP team for the ICA manual adjustment to be posted for ICA trade and non-trade differences above the prescribed threshold limit during MEC WD4-WD5
• Work with MEC CoE team for resolving the TP/PCA, invalid trading partner error before MEC
• Collaborate with Market facing team for the GBSR action items
• Support the EF teams by correcting the EF/BF incorrect postings and work with INPA team for the ICC code corrections.
• Identify the improvement areas and implement the quality projects to improve the KPI metrics.
• Supporting Audit quires both internal/External.)

You are a part ofEnd to End responsible for intercompany non trade accounting process (intercompany reconciliation of ISA, Interdepartmental, In House Bank, Trade sundries, ICA Loans, Interest, ICA Share capital, etc)To succeed in this role, you should have the following skills and experience

• Looking for a qualified with 0-2 years. B.com/M.com /MBA or /Semi qualified with relevant experience of 2 - 5 years.
• Excellent communication, understanding accounting principles.
• Good team player.

Hands on SAP ERP experience and inventory related domains would be an added advantage.Key Performance Indicators:

• Eliminate ICA non-trade difference (MEC)
• ICS controls
• Audit support
• Automation support and Lead

In return, we offer you

• A challenging, innovative environment with great opportunities to explore. Our benefits are very competitive and designed around your preferences:
• A rewarding career in Philips with attractive package. `
• A variable bonus based on both Philips results and personal performance
• Extensive set of tools to drive your career, such as a personal development budget, free training and coaching
• Attractive collective health insurance package
• Opportunity to buy Philips shares and products with discount

Why should you join Philips Working at Philips is more than a job. It s a calling to create a healthier society through meaningful work, focused on improving 3 billion lives a year by delivering innovative solutions across the health continuum. Our people experience a variety of unexpected moments when their lives and careers come together in meaningful ways. Learn more by watching this video.,

Keyskills :
accountingaccountsbalance sheetbank reconciliationsap erpdirect debitbank statementshealth insuranceconsumer insightsbusiness serviceshealth informatics