Respironics Inc
Location
Chennai | India
Job description
About Philips
Philips India Limited is a subsidiary of Royal Philips of the Netherlands, a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology, deep clinical, and consumer insights to deliver integrated solutions. The company is a leader in diagnostic imaging, image-guided Therapy, patient monitoring and health informatics, as well as in consumer health and home care.
About Philips Global Business Services (GBS)
Philips Global Business Services delivers excellence in the execution of business services, enabling an agile repeatable framework to leverage market opportunities that contribute to extending our leadership as a Health Technology company. Our people are a key part of the transformation program in Philips and at GBS, you become part of a global team of professionals that form the backbone of this journey.
In this role, you have the opportunity to
Set up costs for the products that you produce and support aspects of the manufacturing environment by 1) Product costing (detailed information) for material, labor, and overhead. 2) Cost reporting (what does the item really cost to produce) & Variance reporting (actual versus standard costs).
You are responsible for
Standard Cost responsibility for purchased items, involving the interface with purchasing, materials and manufacturing departments to determine material values used to set standard cost on an ongoing basis for the annual cost build.
Analysis of Purchase Price Variance. Includes analysis on a weekly and monthly basis, generating schedules with information on the variances. Also, accounting closing as related to the variances and accruals.
Product Cost analysis - Absorption | Production Order
Product Cost Reporting - WIP, Inventory, Production order ageing, Cycle count & CONQ
Manufacturing overhead analysis. - Mat. Price Variance/Mat.Mix Variance
Record labor & overheads for systems produced.
Inventory Evaluation and Reserves are Appropriate
E&O | Scrap
Other monthly closing and year-end activities as required specific to Product costing
Calculation of Factory cost price (FCP ) for Finished & Semi finished products
Ad-hoc analysis support to Plant Finance Business partner, Mfg. Operations controller.
Adherence to SOX / internal control standards (ICS) for Material consumption & variance.
You are a part of
The department CoE FP&A Operations at Philips We work with leading stakeholders in the area of Supply Chain Management /Manufacturing Operations .We work with all Philips businesses worldwide and different function in Philips.
To succeed in this role, you should have the following skills and experience
Finance professional (CA/CMA/MBA) with minimum 3 years of experience in Product Costing
. Understanding of goods flow and the impact on import duties
o Drive footprint discussions, drive discussion with the business
. Experience with IT projects
o Understanding building , testing and deploying IT Applications
o Knowledge of SAP for commercial and industrial use is a pre
. Analysis skills
o Understand the actuals vs forecast and give insight views on this
o Perform monthly reporting/ quarterly reporting and make targets well underpinned
o Influence various expert and management layers
o Integrate contributions from several business functions like Finance, Supply chain, Procurement and IT
. Other skills
o Able to collaborate across cultures and disciplines
o Bring people together around a common understanding
o Managing the balance between taking ownership and delegation
o Flexible and stress resistant to deal with a very dynamic environment
o An inquisitive quick learner
o Experience in MS Office applications SharePoint, PowerPoint and Excel & Power BI
o Good in English
In return, we offer you
A challenging, innovative environment with great opportunities to explore. Our benefits are very competitive and designed around your preferences:
A rewarding career in Philips with attractive package. `
A variable bonus based on both Philips results and personal performance
Extensive set of tools to drive your career, such as a personal development budget, free training and coaching
Attractive collective health insurance package
Opportunity to buy Philips shares and products with discount
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.
Visit our careers website to explore what it's like , read stories from our , find information about our and answers to some .
#L1-PHILIN
#GBS
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