Philips - Senior Lead - Financial Planning

About Royal Philips :

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy,
patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2019 sales of EUR 19.5 billion and employs approximately 81,000 employees with sales and services in more than 100 countries.

Visit https://www.philips.com/a-w/about/company.html for more information.

About Philips GBS :

Philips Global Business Services (GBS) is an organization that centralizes and standardizes rule-based processes as well as process, analytical and data-driven activities from enabling and business functions with an End2End approach, to accelerate best service delivery for our customers and support the Health Technology business. GBS is Philips- inhouse competence center driving excellence in our business operations.

GBS Vision - In commitment with Philips mission to improve people's lives and create superior value for our consumers and shareholders, GBS delivers excellence in execution of business services, enabling an agile repeatable framework to leverage market opportunities, which contributes to extend our leadership as a Health Technology company.

GBS Mission - In line with Philips vital transformation strategy to become excellent in operational execution, reduce complexity and increase efficiencies, GBS acts as the in-house competence center for Business Services - with E2E service lines across functions to accelerate continuously improved performance to better support our customers.

By bringing activities together through co-location, we reduce hand-over points, and move towards a less fragmented organization, for continuous improvement, effective service delivery and efficiency - drive standardization, drive digital and analytics, and learn from each other through continuous improvement and operational excellence.

Job Summary:

- This is a leadership role that engages with heads of finance, business partners and market leads, as well as with the leadership of both Philips Global FP&A and of Philips GBS. In addition, the role will also engage with cross-functional partners like Record to Report and IT. The role is expected to manage a team of +15 experienced finance team, and oversee all aspects of planning, forecasting, performance management and project delivery for a set of Philips markets / businesses.

- Works proactively together with the BP on timely and accurate core deliveries and initiates improvement projects x- BG/Sector/Market and other FP&A centers within a sector / region. Making sure that changes in the business (e.g. reporting structure) are properly reflected into reporting systems. Initiates and designs FP&A processes within a domain or region and ensures efficacy and efficiency of these processes within the sector / region. Initiates the harmonization of reporting, (scenario) analysis, financial planning process, business cases and continuous process improvements.

- Manages and supervises a team of FP&A business analysts and ensures robust FP&A workforce (knowledge management, competencies, coaching). Provides in-depth understanding of the business by translating variances in

KPI- s, BMC- s, WC elements and macro economics into actions.

Job Description :

Key areas of accountability:

- Lead / partner proactively in the Philips FP&A transformation and value creation journey; co-own the global FP&A priorities and identified CoE projects - both foundational and breakthrough projects, and provide project leadership and support for timely project delivery;

- Guide the FP&A team to pro-actively support strategy execution by delivering meaningful, accurate and timely in-depth business insights by forward-looking analysis, and by translating variances in financial and nonfinancial

KPIs for senior leadership in Markets and Businesses to make fact-based sound business decisions.

- Own and deliver Month end closing, Monthly Performance Reporting, Latest Views, Forecast and Annual Operating Plan by effectively collaborating with multiple stakeholders across markets/businesses including Business Partners and other FP&A teams

- Own Philips GBS priorities of ontime delivery, first time right reporting, standardization and automation, customer satisfaction and employee engagement, and consistently maintain top-quartile GBS performance trends

- Engage with Philips heads of finances and business partners across markets/businesses, as a main point of contact to support key market/business goals, review regular performance feedback and implement countermeasures where needed

- Champion lean thinking and tools for operational excellence and productivity.

- Drive automation and standardization through systems and tools to maximize efficiency and actionable insights. Ensure quality, accuracy and integrity of information stored in our systems, enabling a single source of truth.

- Manage and supervise FP&A Team leads and analysts and ensure robust FP&A workforce management (knowledge management, competencies, coaching, and succession planning).

- Actively drive workload balancing and cross-team support to counter-act the workload peaks driven by the financial process cycles

- Through coaching, crisp objectives and training/talent development, build and maintain a robust and engaged team.

Technical/Functional Competencies:

- 14+ years professional experience leading Financial Planning & Analysis for large ($ bn +) global business portfolio in a matrix organization

- Demonstrate commercial mindset and strong business acumen, proven ability to deliver actionable insights in complex and global business set-ups

- Experience of having managed a 15+ team of experienced finance professionals

- Advanced technical skills in Excel, ERP (SAP preferred) and PowerPoint

- Experience with reporting & analytical tools, like Power BI, Qlikview, Qliksense, Business-Intelligenceenvironments, SQL, etc.

- Strong affinity to LEAN processes and tools

Behavioral Competencies:

- Strong people-focus, adept at inspiring, coaching and mentoring high energy and high capability finance team

- Effective communication and influencing skills, with proven collaboration mindset

- Can easily adapt to a fast paced change environment

- Proactive and action-oriented, continuous improvement mindset

- Not averse to deep-dive hands-on where needed

- Ability to make decisions in ambiguous situations and in absence of complete information

- Strong customer centricity