Finance Controller I

Job Title

Finance Controller I

Job Description

Job Title : Finance Controller I - PIC

Location : Bangalore

Job overview

The Finance Controller is responsible for managing the financials of the assigned businesses and functions in PIC Bangalore. In this role, you will report to the Finance Business Partner for Philips Innovation Campus, Bangalore.

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.

Your role:

As a Finance Controller, you will independently drive value creation working closely with the assigned businesses and functions

Influencing and working with businesses and functions for AOP and forecast/outlook to achieve operational, financial and strategic objectives

Manage financials and deliver actuals in line with AOP and forecast/outlook

Support business decisions by means of sound business analytics

Provide solid analysis for variance, cost insights, margin analysis and business reviews on a periodic basis with PIC team and global business controllers

Coordinate with Accounting Operations, Fiscal, and other finance verticals for timely MEC and YEC activities

Manage governance of business workflows for PO, invoice payment, SOW, contingent workforce, etc.

Ensure thorough analysis, review and approval of R&D business cases for capex and other investment plans

Review and monitor productivity and efficiency improvements by businesses

Performance management with focus on cost competitiveness and value creation

Identify risks and opportunities to current financial projections and take corrective actions where needed

Drive compliance related to STPI, imports/exports, TP and treasury requirements

Maintain solid internal controls

Align with global R&D controllers for financial plans and execution

Support internal and external audits by coordinating with finance and other stakeholders

Support process simplification and improvements through AI, automation and tech-enabled solutions

To succeed in this role, you’ll need a customer-first attitude and the following

To be able to drive the business value in the right direction and to ensure financial sound decision making, we are looking for an experienced, well-rounded, results-driven Finance professional with:

Chartered Accountant / MBA with finance experience (8-12 years) including business partnering, FP&A, Accounting, Internal Controls and business decision support. Direct and Indirect tax knowledge is required.

Strong business acumen with the ability to independently understand and explain impact of decisions on business results and ability to translate into financial consequences.

Experience in Software Services industry with a mindset to drive and enable software development strategy will be an added advantage

Working experience in a multinational, quickly transforming environment; comfort working in large, global, matrix organizations and driving decision making in a fast-paced international environment.

Inspiring stakeholder management skills that collaborate effectively throughout the global Philips organization and influence, motivate, engage and align the team, partners, market and other stakeholders at all levels

Good analytical skills and convincing communication skills

and convincing communication skills

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.

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