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S&F Accounting Specialist - Market

5.00 to 7.00 Years   Gurugram   11 Jan, 2021
Philips
Job LocationGurugram
EducationNot Mentioned
SalaryNot Disclosed
IndustryMedical / Healthcare
Functional AreaFinance / Accounts / Tax
EmploymentTypeFull-time

Job Description

Statutory Accounting ManagerJob location: GurgaonIn this role, you have the opportunity toAs a Statutory and Accounting Manager, you will drive statutory accounting and Reporting Compliance for the Legal entities in your scope and ensure that the Statutory accounting process is executed in line with the local and global accounting guidelines and timelinesResponsibilitiesStatutory Accounting and reporting Operations

  • Stay up to date with changes on statutory rules and regulations (close cooperation with PWC experts) to be able to assess business impact
  • Translate IFRS/GAAP accounts to Local GAAP via statutory adjustments
  • Provide accurate, completed & timely data for statutory reporting, fiscal reporting and other requirements
  • Manage on local level Operating Model for Statutory Reporting/CIT
  • Contact point for Third party service providers on Stat Compliance (If any) and local authorities (if applicable)
  • Manage Statutory and Periodic Internal Audits.
  • First contact point for external auditors
  • Fulfills requests from regulatory & tax authorities- provide support during fiscal audits.
  • Co-ordinate Direct tax related entries/ posting with Corporate Income tax department and ensure Tax audits, as applicable are fully supported
  • Drive any local requirements on Statutory compliance in terms of Board meetings, AGM/EGM of shareholders if applicable per local laws and any other country level reporting requirement
  • Complete Internal Controls work according to Internal Control Standards on a timely and accurate basis and supervise ICS tasks related to Statutory Accounting
  • Perform periodic reconciliation to substantiate the difference between the local statutory and the financial statements submitted for group reporting purposes
Statutory Accounting and reporting Projects
  • Constantly look and implement improvement opportunities in the area of Statutory Accounting and reporting and support and drive local implementation of Global initiatives in area of Statutory reporting
  • Drive standardization/harmonization of Statutory Accounting ways of working across regions
  • Develop KPI s/measurements to effectively measure and monitor out performance across regions
You are a part of
  • You will be part of Philips Domestic Appliances Finance RTR organization. You will report functionally to the Finance BP/ HOF and work closely with the Global Finance teams and the 3rd party service providers
To succeed in this role, you should have the following skills and experience
  • University degree in Finance or equivalent.
  • At least 5 years of progressive work experience in area of Record2Report with focus on Statutory Compliance.
  • Experience in independently front ending Statutory audits
  • Ability to work with Cross functional teams and influence colleagues outside own process domain to achieve timely completion of Statutory reporting
  • SAP knowledge (FI, CO module)
  • Effective listening and communication skills, highly developed interpersonal skills.
  • Proactive and hands on attitude, goal oriented and perseverant.
  • Team oriented and process driven.
  • Fluent communication skills in English (both oral and written) is required (Local language skills may be required depending on country of hiring).
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.Why should you join Domestic Appliances Philips Domestic Appliances business is a global leader with EUR 2.3 billion in sales in 2019 in kitchen appliances, coffee, garment care and home care appliances, with successful products such as the Airfryer, Perfect Care Steam Generators, Automatic Coffee Machines with LatteGo and SpeedPro Max Aqua vacuum cleaner, and many more that are used by millions of people every day across the world.In January 2020, Philips announced that it would be considering new ownership options for Domestic Appliances, as it is not a strategic fit for the company s future as a health technology leader, and committed to finding the right home for the business to ensure that it is set up for continued success serving customers, leveraging the Philips brand and driving growth across the markets that it serves.In its 128-year history as a leading innovator, Philips has had to reinvent itself a number of times to remain competitive. This has involved several high-profile divestments, resulting in the company s successful track record in managing complex change of this scale. Such transformations offer unique opportunities for employees to make their mark and gain expertise in a specific and dynamic environment - those who can deliver results while navigating and contributing to changes will gain unique skills and perspective that will prove valuable for the rest of their careers.,

Keyskills :
accountingaccountsbalance sheetbank reconciliationhome careincome taxdirect taxtax auditsglobal financelanguage skillsgroup reportinginternal controlsteam generators

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