Philips Senior Revenue Accountant - Large Scale Projects (LSP) Revenue Accounting in Andover, Massachusetts
This position will be part of R2R Accounting Operations reporting to the NAM Commercial Lead and will work closely with the Revenue Controller – Technical Accounting and Revenue Controller, Operations, as well as interact with LSP Project Managers, Business Partners, OM, LSP Reporting Team, TAO, FP&A and our internal & external auditors, to ensure revenue is properly recognized and reported. This position will focus on Philips complex revenue deals.
Work with Sales and Technical Revenue Accounting to develop deal structures which accomplish customer objectives while yielding desired economics and accounting outcomes for Philips
Account for revenue in compliance with new & existing IFRS revenue standards & Company policies, including:
Preparing necessary accounting models (projected revenues, OIT, expected manual journal entries, fair value allocations), including set up in SAP, as applicable
Working closely with market LSP project manager, LSP business controller/BP, Philips Capital, CFC manager to timely determine project & contract changes and subsequently update the underlying accounting model
Exercises judgment within defined procedures and practices to determine appropriate action
Prepare and/or review account reconciliations related to deferrals and other revenue-related analysis
Design, manage and execute certain key revenue controls
Provide Senior Management with financial reporting information and operational support
Streamlines existing processes and recommends value-adding changes
Coordinate internal & external audit activities and audit preparation
Work collaboratively with a cross functional team to support M&A activities and subsequent integration efforts
Number of Years of Work Experience: 5-10 years
Experience with revenue general ledger accounting & technical revenue standards (IFRS and SEC Regulations)
Strong organizational and analytical skills
Highly motivated, reliable and able to work independently
Ability to present data in a comprehensive and articulate manner
Ability to communicate with Director-level Business Partners and cross-functional staff
Excellent attention to detail
Strong SAP & EXCEL experience
Experience in working with virtual teams and multiple stakeholders
Philips is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex (including pregnancy), sexual orientation, gender identity, national origin, genetic information, creed, citizenship, disability, protected veteran or marital status.
As an equal opportunity employer, Philips is committed to a diverse workforce. In order to ensure reasonable accommodation for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Veterans' Readjustment Act of 1974, and Title I of the Americans with Disabilities Act of 1990, applicants that require accommodation in the job application process may contact 888-367-7223, option 5, for assistance.