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About the Organization

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 . Philips' health technology portfolio generated 2018 sales of EUR 18.1 billion and employs approximately 77,000 employees with sales and services in more than 100 countries.

Philips India Limited is a subsidiary of Royal Philips of the Netherlands, focused on improving people’s lives through meaningful innovation in the areas of Health Care and Personal Health . Philips has strong Brand Equity and recognized amongst most Innovative Companies globally growing better than industry and gaining market shares across categories.

Job Title: Head of Treasury, India Region

Reporting to: Head of Treasury, Amsterdam

Location: Gurgaon

Job Description

You are a part of

India Finance Leadership team and report to the Head of Treasury based out of Amsterdam, The Netherlands

In this role, you have the opportunity to

• Operate, manage and develop the treasury function covering Philips entities in India, Bangladesh, Srilanka and Pakistan

• Execution of Treasury Operations activities focused on Payment Factory and Inhouse Bank processes

• Identify and manage the foreign exchange exposure in India Region, in line with the Group Fx Risk Policy and adherence to local regulations with reference to hedging

• Subject matter expert role for Treasury products, services and process

• Serve internal customers as part of center of expertise in payments and collections area

• Establish and maintain bank relationships relevant for the scope of activities and responsibilities

• Work with Reserve Bank of India (Indian Central Bank) to seek special approvals required for business/treasury operations

• Identify and advise the Head of Treasury at the Group level on issues and opportunities

• Manage the Credit Rating for Philips entities in India by Credit Rating agencies

• Manage business/equity valuations relating to capital injections and capital restructuring activities

• Manage the investments of in-house provident fund trust and as a trustee of in-house provident fund trust, drive the future way of managing provident fund corpus

• Work on a few global projects within Treasury to get a wider perspective/experience/opportunity for continuous learning and development

You are responsible for

• Manage all cash management functions including cash concentration, wires, account funding. Ensure adequate liquidity for working capital needs and invest short term excess cash. Manage inter-company cash, including inter-company lending, dividends, and capital injections.

• Oversee cash and foreign exchange exposure management, manage banking and financial institution relationships, set up and manage credit limits, negotiate bank and service fees and implement new banking technologies, products and services to improve cash cycle and simplify treasury operations

• Manage and scale up the supplier financing program

• Ensure compliance with internal controls, policies and procedures

• Ensure adherence to Indian Central Bank guidelines relating to Imports, Exports and Foreign Direct Investment

• Ensure timely filing of all banking related regulatory reporting

• Support capital restructuring activities in India region. Prior experience would be a plus, but opportunity to learn for right candidate

• Coordinate and oversee activities of the in-house provident fund trust - plans’ actuaries, investment managers, investment advisors, custodians to ensure optimal management of plan assets. Participate in matters relating to pension plan accounting, funding, actuarial valuations, governance, and other corporate issues related to investments of in-house provident fund trust.

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

• Qualified Chartered Accountant with 15+ years of overall experience in cash management, foreign exchange exposure management, provident fund management, capital markets and/ or corporate finance in a corporate or a banking environment

• Strong analytical, financial and systems skills required

• Good interpersonal skills and process orientation

• Ability to work with cross functional teams – ability to influence in the absence of reporting relationship

• In-depth understanding of FEMA and FDI guidelines and demonstrated experience of having worked with Reserve Bank of India (Indian Central Bank) for special approvals

• Experience of having worked in a global business environment is a plus

• Certified Treasury Professional designation is a plus

• Familiarity with SAP is a plus

In return, we offer you

A path towards your most rewarding career. Philips is growing its marketing capability enterprise wide. Succeeding in this market-based role in a complex environment will open many doors for your long term career, in other areas in Philips or otherwise. We also believe that we are at our best as a company when you are at yours as a person. Thus, we offer competitive health benefits, a flexible work schedule and access to local well-being focused activities.