Finance Project - Temporary Support (6 months)

Dubai, Dubayy, United Arab Emirates Job Type
14 Jan 2021
04 Feb 2021
Contract Type
Full Time

Job Title

Finance Project - Temporary Support (6 months)

Job Description

You are responsible for:

  • Deliver financial data and reporting for the district incl. sign off of the financials of the ORU

  • Drive the strategic and operational planning process (AOP/Rofo/Periodic reviews) for META

  • Pro-actively support the district managers to enable execution of district strategy

  • Gather data for developing new business opportunities by use of financial engineering, profit simulations and risk analysis

  • Drive analysis of business performance via monitoring sales and other financial results such as IGM, selling expenses including direct cost management and variance analysis (Actuals, Latest View, Rofo, AOP)

  • Support target setting and monitor realization

  • Drive delivery of business and financial plans incl. preparation for the monthly district business review meetings regarding sales, forecast, cost of organization, etc.

  • Monitor and drive cost of organization with main focus on selling expenses

  • Ensure quality, accuracy and integrity of financial reporting incl. ICS controls as well as business integrity (adherence to FCPA and GBP in coop. with Legal and HR)

  • Drive operational excellence and improvements in the district

  • Assisting Business Integrators (BIs) to develop forward looking analysis/ business projection by integrating historical data and market specific information - AOP, RoFo , business case, cash flows, strategic planning, target setting etc.

  • Performs forward-looking ad-hoc analysis, such as project & strategy evaluation, benchmarking, Price/Volume mix, scenario analysis, etc.

  • Actively participating in the target setting process for business by developing and reviewing cost guidance and financial targets for BGs/ Markets/ Functions/ Innovation (as applicable)

  • Pro-actively supporting execution of financial planning by preparing and supporting performance and strategy meetings of relevant stakeholders (ExCom, Businesses, and Markets) in line with Sector/ExCom F&A directives.

  • Ensure local statutory and fiscal requirements, reporting are met in line with local requirements by Ministry of Finance(MoF) and Fiscal/Tax Authority (FTA).

To succeed in this role, you should have the following skills and experience:

  • Bachelor or Master’s degree in a Business Economics, Finance and/or Accounting

  • 5 to 7 years of working experience in FP&A and Finance business partnering role, with financial control, management reporting and business analyses, preferably within an international environment

  • 3-4 years of experience in the region with knowledge of local statutory and fiscal requirements in free zones and mainland

  • Advanced technical skills in Excel, ERP (SAP preferred) and PowerPoint Experience with reporting & analytical tools, like SPSS, Business-Intelligence environments, SQL, etc. Strong affinity with LEAN processes and tools

  • Basic Arabic knowledge is an advantage.

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.

Why should you join Domestic Appliances?

Philips’ Domestic Appliances business is a global leader with EUR 2.3 billion in sales in 2019 in kitchen appliances, coffee, garment care and home care appliances, with successful products such as the Airfryer, Perfect Care Steam Generators, Automatic Coffee Machines with LatteGo and SpeedPro Max Aqua vacuum cleaner, and many more that are used by millions of people every day across the world. 

In January 2020, Philips announced that it would be considering new ownership options for Domestic Appliances, as it is not a strategic fit for the company’s future as a health technology leader, and committed to finding the right home for the business to ensure that it is set up for continued success serving customers, leveraging the Philips brand and driving growth across the markets that it serves. 

In its 128-year history as a leading innovator, Philips has had to reinvent itself a number of times to remain competitive. This has involved several high-profile divestments, resulting in the company’s successful track record in managing complex change of this scale.  Such transformations offer unique opportunities for employees to ‘make their mark’ and gain expertise in a specific and dynamic environment - those who can deliver results while navigating and contributing to changes will gain unique skills and perspective that will prove valuable for the rest of their careers.