Job Summary The Accounting Specialist is responsible for providing accurate and timely data for fiscal reporting, ensuring financial information is complete and compliant with standards while collaborating with other departments, working under direct supervision. The role analyzes complex financial data to identify trends and opportunities, develops concepts and techniques for improving accounting processes, and executes complex accounting tasks. The role communicates with stakeholders to provide updates, report findings, and evaluates internal control processes for effectiveness and compliance. The role helps to create detailed financial reports and presentations, and monitors accounting processes, identifying areas for improvement, and implementing changes to enhance efficiency and accuracy.
Job Description Prepare and review manual journal entries and ensure that bookings / accounting is accurately and timely maintained. Prepare/review balance sheet reconciliations and ensure all balances are correctly held and that adequate reconciliations are available with appropriate documentation. Maintain control, allocation, recording and physical verification processes for Philips fixed assets and Payroll accounting activities. Perform and deliver month end closing with quality Deliver financial statement analytical review from accounting perspective Verify compliance with accounting standards and regulations Support the local ORUs in providing accurate and timely data for group consolidation & reporting (Month End Close). Provide accurate & timely data for fiscal reporting and other requirements. Complete Internal Controls work in accordance with the Internal Control Standard (ICS) tool on a timely and accurate basis. Assist in the preparation for and execution of internal and external audits
Required Qualifications and Skills Bachelor's Degree in Accounting, Finance Minimum of +3 years of experience in accounting or a related field, +1 in RTR/GL is preferred Strong knowledge of accounting principles and practices Proficiency in Microsoft Office, particularly Excel Experience with accounting software (e.g., SAP is preferred) Good analytical and problem-solving skills Ability to work independently and as part of a team Ability to handle multiple tasks and meet deadlines Good organizational and time management skills
