Assistant Manager – Finance Job Vacancy in Philips Gurgaon, Haryana – Latest Jobs in Gurgaon, Haryana

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Company Name : Philips
Location : Gurgaon, Haryana
Position : Assistant Manager – Finance

Job Description : Job Title
Assistant Manager – Finance
Job Description
Philips is a global leader in health technology, committed to improving billions of lives worldwide and striving to make the world healthier and more sustainable through innovation. Driven by the vision of a better tomorrow.
But it’s not just what we do, it’s who we are. We are 80,000, wonderfully unique individuals, with two things in common. An unwavering sense of purpose and a relentless determination to deliver on our customers’ needs. It’s what inspires us to create meaningful solutions – the kind that make a real difference – when it matters most.
The world and our customers’ needs are changing faster than ever before and while we are proud of what we do already, we know we can do more. That’s why we need you, to help us tackle increasingly complex challenges posed by ever evolving health and well-being needs.
In this role, you have the opportunity to make life better
Looking at the challenges the world is facing today Philips’ purpose has never been more relevant. So whatever your role, if you share our passion for helping others, you’ll be working towards creating a better and fairer future for all.
As a Cash & Collection Specialist, you will drive Accounts Receivable activities and cash collection for the Legal entities in your scope and ensure the collections activities are executed in line with the local and global collection guidelines and timelines
You are responsible for
Coordinate and follow through with customers & sales teams on collecting payments, due collections plans, reducing past due, bad debt exposure and other quantitative targets, by performing portfolio management activities for customers
Analyse and monitor delinquent account balances, including effective overdue control and follow-up program for all customer accounts that are late, overdue, potentially overdue, or potential written-off
Contact clients with past due balances in the portfolio to obtain payment, payment commitment and follow-up on payment promises, or claim payments from intermediary (when collections are executed by 3rd parties (limited to some collectors)
Report any disputed / short paid invoices along with reasons for disputes; collaborate with the internal department to expedite resolution / payment
Perform customer account reconciliation, including support to Infosys cash application team for clearing customer payments and credit items
Working on scheme settlements and checking the eligibility with supporting documents etc
Prepare customer rebate and scheme related activities e.g. getting the based data from ERP, calculate the eligibility of customer’s rebate and schemes and issuing credit notes
Organize, support and develop cash & collection process; support process improvement initiatives
Responsible for compliance of ICS checks
Responsible for Internal and Statutory audits for Accounts Receivable and C&C activities
Prepare proposals (which Team Leader or Manager approves) for agency placement and write off to bad debt
You are a part of
You will be part of Philips Finance Credit and Collection organization. You will report to the Commercial Controller and also work closely with the Finance BP/HOF
To succeed in this role, you’ll need a customer-first attitude and the following
Degree from The Institute of Chartered Accountants of India
SAP knowledge is mandatory
At least 2 years of progressive work experience in area of Credit and Collection with focus on customer payment collections
Ability to work with Cross functional teams and influence colleagues outside own process domain
Effective listening and communication skills, highly developed interpersonal skills.
Proactive and hands on attitude, goal oriented and perseverant.
Team oriented and process driven.
Fluent communication skills in English (both oral and written) is required
In return, we offer you
A meaningful career, with new challenges in our dynamic organization, working in an encouraging multinational and multicultural environment. We are happy to provide you with this opportunity to work with new technologies. You will be surrounded by passionate and committed, colleagues who share your ambition to create outstanding customer experiences. Your work will be ambitious and full of opportunities for growth. Variety and challenge will be part of your daily routines.
How we work at Philips
Our newly-adopted hybrid work concept fuses flexibility with collaboration to deliver great outcomes for our people and our customers. We are embracing an approach wherein we spend more time together than apart – which for full-time employees translates to an average of at least 3 days working from the office and up to 2 days from home – for our hybrid roles.
Hybrid work flexibility means people can meet the changing demands of work and home in the most balanced, productive, and healthy way.
Our hybrid working model is defined in 3 ways:
We believe in the importance of impactful collaboration: There’s a certain energy when everyone’s in the same room that can heighten idea generation and creative friction needed for problem-solving.
We embrace flexibility: Choosing where, when and how to work can vary according to task and team schedules. Flexibility isn’t office or online, it means choosing the space that works best for you, your teams and our customers on a case-by-case basis.
We want to be at our best: The way we work and our workspaces are designed to support our well-being, offer career advancement opportunities, and enable us to be at our best.
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.

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