S&F Accounting Specialist – Market-Domestic Appliance Job For 6-8 Year Exp In Respironics Inc India – 3019157

• Stay updated with changes on statutory rules and regulations (close cooperation with statutory Auditors, external consultants) to be able to assess business impact.
• Translate IFRS/GAAP 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.
• Contact point for statutory / internal auditors and local authorities .Manages Statutory and Periodic Internal Audits.
• First contact point for external auditors and responsible for coordinating statutory & tax audit.
• Fulfills requests from regulatory & tax authorities- provide support during fiscal audits.
• Co-ordination with Accounting Operation, Tax Group, MTM, CTM on any other statutory accounting related activities.
• Complete Internal Controls work according to Internal Control Standards( ICS ) tool on a timely and accurate basis and supervise ICS tasks carried out by other members.
• Drive standardization/harmonization of Statutory Accounting ways of working across regions.
• Develop KPI’s/measurements to effectively measure and monitor out performance across regions.

Monitoring of operational performance

• Accurate and timely statutory filings with a high quality of reporting with no fines or penalties.
• Ensure statutory directive and deadlines are adhered to and quality of work is high (including the yearly equity reconciliation).
• Ensure adequate control over statutory process as reflected in ICS Controls and internal and external audits.
• Develop KPI’s/measurements to effectively measure and monitor out performance across regions.
• Constantly look for improvement opportunities in the area of direct responsibility, but not limited to and drive implementation (compliance, quality and process efficiency).
• Works on issues of diverse scope where analysis of situation or data requires evaluation of a variety of factors, including an understanding of current business trends.

You are a part of
You will be part of Philips Domestic Appliances Finance organization. You will report functionally to the Accounting Controller 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

• A chartered accountant with post qualification experience of 6-8 years and 5 years of relevant experience in an MNC.
• Excellent technical knowledge of local tax & statutory requirements and good understanding of IFRS.
• Advanced knowledge of valuation skills.
• Knowledge of local GAAP to tax GAAP differences.
• Advanced working knowledge of SAP (FI, CO module).
• Excellent communication skills.

In return, we offer you
A 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.Contact
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