Group Treasury Controller
Summary • To deliver the centralized treasury accounting and control, including the associated processes and IT systems/tools; • To manage and control the global treasury financials, ensuring business integrity; • Business Partner on behalf of Group Treasury (Corporate Finance, Financial Risk/Pension Management, and Treasury Operations) to Financial Planning & Analysis, Group Control, Tax, Technical Accounting and Oversight, Internal Control/Audit and external auditors.
Description • Operate, manage and develop treasury accounting and control, including the relevant processes and IT systems/tools; • Execution of Treasury Accounting and Control, including group reporting; • Subject matter expert role for Treasury accounting-related topics; • Establish and maintain good relationships relevant for the scope of activities and responsibilities; • Serve internal customers as part of the center of expertise in Treasury control; • Advise the Group Treasurer on treasury accounting, control, policies and directives; • Ensure a solid, well-designed and operational control framework in compliance with SOX/internal control standards; • Identify and advise the Head of Treasury Accounting & Control on issues and opportunities; • Prepare and draft all the relevant treasury input for the Group’s internal and external reporting.
In this role, you have the opportunity to • Learn and grow in all the areas of Treasury maintaining a holistic approach; • Impact first time right reporting processes and implement improvements globally; • Be in the spotlight of any new accounting rules and regulations and subsequent translation to the day-to-day activities for all Philips entities worldwide; • Expand your network through interaction throughout the Philips Group with Accounting controllers, FP&A managers and Business Partners and External Auditors; • Obtain an End2End helicopter view of all Treasury Processes.
You are responsible for • Forecast Treasury financial data (FI&E, BS) in Quarterly Rolling forecast (RoFo), Annual Operating Plan (AOP) and Strategic Planning (SP) processes; • Group cash flow forecast & analysis; • Quarterly inputs to Credit Rating agencies (Moody's, S&P); • Actively support Corporate Finance in any special project and ad-hoc request (e.g. Financial Planning, Factoring, Share Repurchase & Long-Term Incentive programs); • Providing hedging and intercompany financing information to the group companies; • Monitor currency position risk to ensure compliance with the policies and limits stated in the Financial Risk Policy; • Prepare hedging documentation (Pre/Post Month End) to eliminate Month End currency positions; • Documentation and supporting analysis of Net Investment Hedges; • Analysis of monthly consolidated Treasury financial items from Group accounts against Forecasted data; • Support in key Treasury initiatives (e.g. Hoshin plans); • Advising monthly about the for correct financial closing treasury entries for all Philips entities globally; • Prepare Annual Report notes and disclosures for Treasury-related items (Debt, Cash, Financial Income & Expense, Contractual Obligations, Contingent Liabilities, Fair Value, Treasury Risk etc); • Presenter for Annual Report - treasury items (Annual Closing Global Webcast); • Collect Group's month-end rates (Interest, FX); • Maintain Treasury's Financial Risk Policy; • Secretary in various Treasury Committees (e.g. Liquidity, Operational).
You are a part of Structured around the Group Treasury and four Local Treasury teams located in US, Latin America, India and China, the Treasury team consists of top-level treasurers with wide-ranging backgrounds, nationalities, and competencies operating in an inclusive and diverse environment. The team works with Philips businesses, market organizations and functional teams, supplying them with deep guidance in accounting principles and control frameworks.
To succeed in this role, you should have the following skills and experience • Master degree, with 3-5 years working experience
• An excellent command of the English language • Team player with strong communication skills • Ability to perform independently analysis under time pressure • Hands-on let’s make it happen mentality • Focus on delivering high quality output • Self starter • Ability to communicate clearly and effectively with different management layers and cultural backgrounds • Analytic tool skills (Excel mandatory, SAP and reporting tools EFR/AFO)