Manager (Rebate) – RTR

Job Title: Manager (Rebate) – RTR

Location: Chennai

About the Job:

As Manager (Rebate) – RTR, you will join Philips' Accounting Operations team and responsible for executing the Rebates processes, ensuring timely and accurate completion of all activities, and handling the period-end closing process with effective internal controls, working under general supervision. The role reviews account balances to ensure they are correctly supported by reconciliations and documentation, suggests procedures to enhance efficiency and compliance, and analyzes financial data to identify trends and opportunities for improvement. The role collaborates with functional peer groups to ensure effective communication and coordination across teams, prepares detailed financial/rebates reports and presentations for management, interacts with stakeholders to provide updates, report findings, and offer recommendations.

You will be in charge of leading our new centralized Rebates processing team by providing strategic direction, overseeing operations, ensuring accounting adherence, enhancing team development, and guiding team growth. On daily basis you will have a chance to take an active role in helping to form our centralized Record to Report team, and the accounting and reconciliation activities that relate to Rebates process globally for Personal Health business. This work all supports our existing teams of Pricing Officers/Rebates Managers and Finance Business Partners who are responsible for rebates accrual settlements and release along with the ICS controls.

Your role:

• Helps in the execution of Rebates and period-end closing processes, ensuring all activities are completed accurately and on time and ensures all relevant internal controls are in place and effective.

• Reviews all account balances to ensure they are correctly held and supported by appropriate reconciliations and documentation, implementing corrective actions as needed to address any discrepancies, working under general supervision.

• Implements accounting policies and procedures to enhance efficiency and compliance, recommending changes to unit or sub-unit policies to improve processes and outcomes.

• Analyzes financial data to identify trends, discrepancies, and opportunities for improvement, using analytical skills to make informed recommendations for new procedures and processes.

• Collaborates with functional peer groups to ensure effective communication and coordination, facilitating cooperation and knowledge sharing across teams to achieve common goals.

• Helps to draft detailed financial/rebates reports and presentations for management, summarizing key findings and providing actionable insights, ensuring reports are accurate, comprehensive, and easy to understand.

• Interacts with internal and external stakeholders to provide updates on financial status, report findings, and offer recommendations, ensuring clear and concise communication to facilitate understanding and action.

• Ensure all business events and transactions are properly recorded and justified

• Perform/Support Reconciliation/BSAR and work on the unreconciled items with Rebates BPE, IT, Business for clearing

• Support MEC queries and resolve issues

• Provide accurate & timely data for fiscal reporting and other requirements

• Support Internal Audit, Statutory Group Audit and Local audits including, process walkthrough, test of controls, documentation, coordination

• Collaborate well with all the business stakeholders for smooth flow of business and migrations

• End to end responsible for migration (Vistex, Non-Vistex, Adesso, any other tool)

• Tracks the performance of Rebates process, ensuring all activities are completed accurately and on time, identifying areas for improvement and implement changes to enhance efficiency and accuracy.

• Drive improvements in rebates process automation

• Manage team by providing strategic direction, overseeing daily operations, fostering team development to achieve optimal outcomes

You're the right fit if:

• Bachelor's degree or equivalent or vocational Education in finance, accounting, business administration, economics

• Minimum 5 to 10 years of experience in Accounting/RTR and Rebates process

• Experience in SAP system is a must, knowledge of Vistex is considered a plus

• Analytical skills, proficient in MS Excel

• Fluent English - both written and spoken

• Excellent communication skills

• Customer service focus

• Determination to achieve excellent results

• Possibility of shift work

How we work together
We believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week.
Onsite roles require full-time presence in the company's facilities.
Field roles are most effectively done outside of the company's main facilities, generally at the customers' or suppliers' locations.
Indicate if this role is an office/field/onsite role.

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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