Commercial Finance Manager

1 month ago

Gurgaon, Haryana, India Philips Full time
Job TitleCommercial Finance ManagerJob 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.

Areas of responsibility

  • Having an in-depth understanding of customer expectations and Philips offering while guiding Sales on commercial terms
  • Establish, implement, and maintain an effective control and follow up for Accounts Receivable from customer to achieve the AOP targets.
  • Driving and reviewing the customer account reconciliation by closure of unreconciled items and analyzing the root causes for corrective actions.
  • Driving commercial projects, digital adoption in AR/AP processes
  • Driving scheme management and partner with sales and marketing teams to evaluate pricing strategies, promotions, and customer profitability.
  • Drive company working capital management, ensuring monthly targets, conduct financial analysis and scenario planning to support decision-making.
  • Regular communication for liaising & interacting with various regional sales& product managers.
  • Partnering in driving commercial processes to minimize the risks.
  • Ensure all commercial parameters set are adhered to improve the customer ROI and experience working with Philips.
  • Develop key performance indicators (KPIs), metrics, and dashboards to track financial performance and operational efficiency.
  • Distributor Management System compliance and audit of DMS data to certify accuracy
  • Onboarding of customers, complete documentation and approvals, closure of non-operational accounts to maintain healthy portfolio.
  • Support strategic decisions by means of sound business analysis (business modelling, opportunity & risk assessments, scenario analysis, etc.) and an "outside in" focus.
  • Support execution of organizational and performance improvements by means of a convincing strategically aligned and solid factual plan as well as an understanding of market share and competitive position.
  • Manage relationships with other finance pillars, gathering inputs and jointly ensuring financial control Key performance indicators.
  • To advice on appropriate business action & response to changes in financial results, customer preferences and external factors.
  • Responsible for SOX and ICS in Commercial area

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

  • Bachelor's degree in finance, Accounting, Business Administration, or related field (CA/CMA/MBA preferred).
  • SAP knowledge is mandatory
  • 3 to 6 years of post qualification experience preferrable in commercial finance.
  • Ability to work with Cross functional teams and influence colleagues outside own process domain
  • Effective listening and communication skills, highly developed interpersonal skills.
  • Proactive and hands on attitude, goal oriented and perseverant.
  • Team oriented and process driven.
  • Fluent communication skills in English (both oral and written) is required

In return, we offer you

A meaningful career, with new challenges in our dynamic organization, working in an encouraging multinational and multicultural environment. We are happy to provide you with this opportunity to work with new technologies. You will be surrounded by passionate and committed, colleagues who share your ambition to create outstanding customer experiences. Your work will be ambitious and full of opportunities for growth. Variety and challenge will be part of your daily routines.

Our commitment to inclusion and diversity

At Philips, we provide equal opportunities to all our employees and to all eligible applicants for employment in our company , irrespective of age, color, disability, nationality, race, religion, gender, sexual orientation (LGBTQ +), and all aspects that make individuals unique. Encouraging diversity and fostering inclusion are key to our mission of improving the lives of 2.5 billion people a year by 2030 through meaningful innovation. We have fair, transparent, and clear employee policies which promote diversity and equality, in accordance with currently applicable law. For, we believe that life is better when

#youareyou.

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.


About Philips
We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.

• Learn more about our business.

• Discover our rich and exciting history.

• Learn more about our purpose.

If you're interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our commitment to diversity and inclusion here

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