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Senior Accounting Specialist (Level I)
4-9 years
₹ 7.5 - 17.7L/yr (AmbitionBox estimate)
This is an estimate of the average salary range for this
position. It has not been reviewed by the company, and
the actual salary may differ.
Chennai
1 vacancy
Senior Accounting Specialist (Level I)
Philips
posted 4hr ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
- Execution and take responsibility for ICS/SOx controls to make it effective. Take corrective actions and documentation for audit purposes.
- Being the RTR Market Facing AS for APAC
- Proactively identify control deficiencies and work with business to mitigate deficiencies / risks.
- Review balance sheet account reconciliation (BSAR) for deferred revenue, cost accrual, work in progress and unbilled. Justification of end balance and documentation of aged / manual item
- Perform month end close (MEC) activities such as review / accounting of project:
- Taxes paid reporting,
- Margin
- Accrual
- Deferred revenue
- Monitor the assigned KPI and ensure to meet the targets
- Drive upstream revenue quality process issues with upstream stakeholders by setting up regular cadence
- Identifies opportunities for process improvement and automation
- Support year-end audits including, process walkthrough, test of controls, documentation, coordination.
You are a part of
APAC Market Facing Team ( One Finance ) in the Global Hub
To succeed in this role, you should have the following skills and experience
- E2E responsible for accounting processes (GL accounting, Month End Close, Balance Sheet
- Account Reconciliation, RTR related Controls), be the link between Accounting Controllers and 3rd party transactional service provider and drive operational excellence in RTR.
- Key Areas of Responsibility:
- E2E responsible for accounting processes GL accounting, MEC, BCS loading, BSAR,
- RTR related ICS
- Ensures all business events and transactions are properly recorded and justified
- Ensures all accounts properly specified/ justified
- Guardian of the close and ensures progress, timeliness and completeness of close process
- Owns Trial Statement Review process
- Supports audits from RTR point of view
- Oversees, monitors and owns Infosys performance
- Drives standardization, simplification and operational excellence in RTR
- Key performance Indicators:
- Balance Sheet Account Reconciliation Quality and Timeliness
- Month End Close Quality (BCS quality and timely upload)
- Manual Journals posted
- Process standardization and # of Kaizens made to drive continuous improvement
- Internal Control Standards adherence
Employment Type: Full Time, Permanent
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People are getting interviews at Philips through
People are getting interviews through
(based on 95 Philips interviews)
Job Portal
Campus Placement
Referral
Company Website
Walkin
Recruitment Consultant
45%
15%
9%
8%
2%
2%
19% candidates got the interview through other sources.
High
Confidence
?
High Confidence means the data is based on a large number of responses received from the candidates.
What people at Philips are saying
Rating based on 22 Senior Accounting Specialist
reviews
Anonymous · Finance
in Chennai, Tamil Nadu
Likes
Work culture Flexible timing
Dislikes
Office Politics
Read 22 reviewsSenior Accounting Specialist salary at Philips
reported by
177
employees
with 4-14
years exp.
₹5.5
L/yr - ₹19
L/yr
44%
more
than the average Senior Accounting Specialist Salary in India
View more details
What Philips employees are saying about work life
based on 1.5k employees
Flexible timing
Monday to Friday
No travel
Day Shift
Philips Benefits
View more benefits
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Philips Chennai Office Location
Chennai Office
Old No. 476, New No. 672, Temple Towers, 5th Floor, Nandanam, Anna Salai, Mount Road
Chennai
Tamil Nadu 600035
Tamil Nadu 600035
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