Intercompany Accounting (Senior Analyst - P2P)

Job Title

Intercompany Accounting (Senior Analyst - P2P)

Job Description

Mission 

The ORU AS is responsible for recording the financial transactions between different entities within Philips, covering invoice posting, accruals, journals, and reconciling all intercompany-related activities for all entities serviced out of Finance Chennai. This role translates complex business events into accurate and comprehensive accounting treatments while safeguarding the accounting process and taking corrective actions as necessary

  

Key Goals 

No accounting errors,  Adherence to KPIs and controls, No audit findings,  MJV, MEC, BSAR and continuous improvements  

  

Key Areas of Responsibility 

Primarily responsible for managing/monitoring the Intercompany Reconciliation process 

Ensure ICA Invoice posting and Clearing are performed accurately and on time

Ensure effective execution of internal controls of ICA process

Preparing and approving all BSAR in Blackline as per BSAR directives and ensuring the actions are tracked and resolved

Attending to all business queries and requests /reports

Ensuring timely completion of  month-end and year-end activities

Participate in ICA MEC Connect and ensure closure of actions

Support Internal audit, Statutory Group Audit and Local Audits

Adherence to ICA KPI and Problem solving for all deviations.

Support the Continuous Improvement projects and drive standardization as per goals

Ensuring the quality and completeness of the ICA accounting processes as per standards

Participate and support the Standardization and Harmonization of the ICA Process

Liaise with Market stakeholders on the regular activities/alignment/escalation management

Key Contacts - Collaboration

Accounting Controller

Order management/Supply chain management team

Treasury

KPENV

ARIC Group Consolidation & Reporting

Local Market

Upstream and Downstream Process 

RTR Zone AS/Lead/Director 

Business Process Expert 

  

ICA/ORU AS is a financial role with preferred skills in the area of 

Set priorities and consistently adhere to them 

Continuous improvement mind set 

Knowledge in financial reporting and internal controls 

Analytical skills 

People/networking 

Communicate effectively  

Stakeholder management to achieve the process goals 

Work experience in SAP and MS Office 

Committed Team Player, contributing to collective success 

To succeed in this role, you should have the following skills and experience

• B Com, /M Com/MBA with CA Inter/CMA inter
• 3+ yrs of End-to-End ICA experience.

How we work together
We believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week. Onsite roles require full-time presence in the company’s facilities. Field roles are most effectively done outside of the company’s main facilities, generally at the customers’ or suppliers’ locations.

About Philips
Are you ready to do the work of your life to help the lives of others? Learn more about our business, discover our rich and exciting history and learn more about our purpose.
If you’re interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our culture of impact with care.