Philips Hiring for Deputy Manager – Finance Job at Chennai Full Time

Job Title

Deputy Manager – Finance

Job Description

Philips is a global leader in health technology, committed to improving billions of lives worldwide and striving to make the world healthier and more sustainable through innovation. Driven by the vision of a better tomorrow.

But it’s not just what we do, it’s who we are. We are 80,000, wonderfully unique individuals, with two things in common. An unwavering sense of purpose and a relentless determination to deliver on our customers’ needs. It’s what inspires us to create meaningful solutions – the kind that make a real difference – when it matters most.

The world and our customers’ needs are changing faster than ever before and while we are proud of what we do already, we know we can do more. That’s why we need you, to help us tackle increasingly complex challenges posed by ever evolving health and well-being needs.

In this role, you have the opportunity to make life better
Looking at the challenges the world is facing today Philips’ purpose has never been more relevant. So whatever your role, if you share our passion for helping others, you’ll be working towards creating a better and fairer future for all.

• Monitoring and analyzing Vendor payments
• Coordinating and effectively connecting with Global Teams for Intercompany receivables,
• Handling all SEZ activities of the Organization with government departments and Bank.
• Knowledge of IDMPS & EDPMS working with SEZ, RBI and Bank
• Support export control and custom filing on need basis
• Key contributor in statutory, tax, GST, Transfer pricing audit including preparation/review of deliverables, liaise with them and deal with financial irregularities as they arise.

• Responsible for entity’s monthly revenue recognition by forecasting and planning monthly cost.
• Main SPOC for SAP projects and implementing business and statutory requirements in SAP.
• Analyze and reports on enabling function/business performance by means of monthly reporting, profitability, pricing, margin analysis, etc.
• Developing reports for the areas which need special attention of management and providing suggestion to resolve the concerns.
• Responsible for submission of organization’s Annual operating plan and actively participating in the target setting process for business/ Enabling function, reviewing cost etc.
• Providing cash flow projection, entity’s projected P&L and other statutory data to internal teams for advance tax payment including Transfer pricing audit and income tax return filing etc.
• Key contributor in statutory, tax, GST, Transfer pricing audit including preparation/review of deliverables, liaise with them and deal with financial irregularities as they arise.
• Responsible for reviewing company’s internal control policies and submitting variance to the management.
• Responsible for GBS’s entire statutory compliance. Preparing and extending support for monthly, Quarterly, and yearly statutory reports including RBI, SEZ, Direct Tax , Indirect tax , government projects etc
• Reviewing monthly cost and coordinating with RTR team for monthly and yearly book closure activities.
• Extending support and providing required information to RTR, fiscal, Treasury and other teams for their deliverables.

In-dept experience in accounting and statutory compliances

In return, we offer you
Describe in two to three lines what tangible and intangible benefits the incumbent will gain in this role. Use our Employer Value Proposition (EVP) themes and information gathered in the RSM as input sources.

How we work at Philips
Our newly-adopted hybrid work concept fuses flexibility with collaboration to deliver great outcomes for our people and our customers. We are embracing an approach wherein we spend more time together than apart – which for full-time employees translates to an average of at least 3 days working from the office and up to 2 days from home – for our hybrid roles.
Hybrid work flexibility means people can meet the changing demands of work and home in the most balanced, productive, and healthy way.

Our hybrid working model is defined in 3 ways:
We believe in the importance of impactful collaboration: There’s a certain energy when everyone’s in the same room that can heighten idea generation and creative friction needed for problem-solving.
We embrace flexibility: Choosing where, when and how to work can vary according to task and team schedules. Flexibility isn’t office or online, it means choosing the space that works best for you, your teams and our customers on a case-by-case basis.
We want to be at our best: The way we work and our workspaces are designed to support our well-being, offer career advancement opportunities, and enable us to be at our best.

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 innovative, customer-first health technology solutions. Help us improve the health and well-being of billions of people, every year. Ultimately creating a career that no one could have planned for. Even you.