Senior Analyst (Rebate Specialist) – RTR

Job Title

Job Description

Job Title: Senior Analyst (Rebate Specialist) – RTR

Location: Chennai

About the Job:

As Senior Analyst/Rebate Specialist, you will join Philips’ Accounting Operations team and responsible for providing accurate and timely data for fiscal reporting, ensuring financial information is complete and compliant with standards while collaborating with other departments, working under direct supervision. The role analyzes complex financial data to identify trends and opportunities, develops concepts and techniques for improving accounting processes, and executes complex accounting tasks. The role communicates with stakeholders to provide updates, report findings, and evaluates internal control processes for effectiveness and compliance. The role helps to create detailed financial reports and presentations, and monitors accounting processes, identifying areas for improvement, and implementing changes to enhance efficiency and accuracy.

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:

• Creates and maintains rebate agreements, manages accrual booking and settlement activities and hence are input providers for Control execution

• Provides data for queries raised for PH rebate reconciliations

• Support to process settlement or release

• Download/Provide selected sample data

• Calculates and processes cash discounts and bonuses

• Issue Credit Notes/Debit Notes to settle the rebates

• Close cooperation with Finance Business Partners, Accounting Controllers, Pricing Officers/Rebates Managers

• Preparing monthly/quarterly/yearly rebate eligibility reports to share with finance and sales teams, to track rebate eligibility and performance of sales to the customer over the period

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

• Perform 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)

• Drive improvements in rebates process automation

You're the right fit if:

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

• Minimum 3 to 6 years of experience in Accounting/RTR; Rebates process is considered a plus

• 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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