[O-258] - R2R Statutory Accounting Lead

[O-258] - R2R Statutory Accounting Lead

03 May
Chennai district

03 May


Chennai district

Job Description


Job title: Stat Accounting Lead

Job location: Chennai

Philips Global Business Services LLP is a limited liability partnership organization with Royal Philips of the Netherlands. Royal Philips is a diversified technology company, focused on improving people's lives through meaningful innovation in the areas of Health Systems and Personal Health.

Philips Global Business Services, Chennai is an organization that centralizes and standardizes rule-based processes as well as process, analytical and data-driven activities from enabling and business functions with an End2End approach, to accelerate best service delivery for our customers and support the Health Technology business.

Our strong Functional leader with Global Partnering Mindset creates superior Customer Value Creations that enables business to thrive in market place. Philips GBS Chennai is leading Global RPA Programs for Businesses & Functions along with Advance Analytics for Deep Business Insights & enabling Quality Planning & Decision-Making. We are driven by our strongly culture of Lean & Continuous Improvement for high quality & Productivity. GBS is Philips’ in-house competence center driving excellence in our business operations.

For information on Royal Philips, please visit 

Stat Accounting Senior Manager


- Monitors & prepares monthly statements on equity positions for group consolidation.

- Keeps him/herself updated with changes on statutory & tax rules and regulations; assesses business impact. 

- Ensures that non-recurring transactions are properly accounted, documented and that they pass their audit reviews. Establishes (local) policies & procedures for statutory accounting & reporting, including statutory accounts.

- Designs & adjusts statutory processes, procedures, document flow & controls. Supports statutory audits. Fulfills requests from regulatory & tax authorities. 

- Ensures that non-recurring transactions are properly accounted for and documents are properly stored.

- For Holding: Supports with footnote information on the Annual Report.

Knowledge and Skills required

- Handled international statutory Accounting or Audit activities

- Preferably used any stat accounting tool

- Experienced in process transitions

- Need to handle Balance sheet reconciliation

- Review Trial balance

- Prepare financial statements

- Understanding of GAAP/IFRS

- Good in project management skills.

Soft Skills Required

- Good communication and presentation skills

- Good in stake holder management

- Ability to work independently

- Highly driven, energetic, flexible, resourceful & ability to multitask

- Clarity of thoughts and vision

- Ability to ideate and bring solutions to the table

- Adherence to timelines, without sacrificing quality of output

- Hands on and detail oriented, with a strong ability to co-ordinate across different Geographies and with different stakeholders at Exec and Director levels

- Straightforward, honest and succinct communicator. Can organize, clarify and communicate complex ideas quickly, succinctly and accurately.

- Creative. Demonstrated ability to think innovatively connecting the dots where others cannot when it comes to consumer/ customer and user data to create business building insights

Work Experience

- Minimum 8 years of experience in Finance domain, with at least 4 year of experience post CA qualification

- Should have experience in stat accounting process, can be from organizations like Shell, Big 4s, Caterpillar etc.

- Having exposure in process transitions and project management


- CA with 4+ year of experience post qualification

The original job offer can be found in Kit Job:

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