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Group Treasury Controller

Posted Oct 14, 2019
Project ID: PHILJP00020738
5 months
(Oct 21, 2019 - Mar 31, 2020)
40 hrs/week
Payrate range
0 - 73 €/hr
Group Treasury Controller
 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.
 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)
In return, we offer you
A path towards your most rewarding career. Philips is growing its marketing capability enterprise wide. Succeeding in this
market-based role in a complex environment will open many doors for your long term career, in other areas in Philips or
otherwise. We also believe that we are at our best as a company when you are at yours as a person. Thus, we offer competitive
health benefits, a flexible work schedule and access to local well-being focused activities.
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 improving 3
billion lives a year by delivering innovative solutions across the health continuum. Our people experience a variety of unexpected
moments when their lives and careers come together in meaningful ways.
To find out more about what it’s like working for Philips at a personal level, visit the Working at Philips page on our career
website, where you can read stories from our employee blog. Once there, you can also learn about our recruitment process, or
find answers to some of the frequently asked questions.

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