Internship: Finance & Accounting - Group Consolidation & Reporting (non-thesis)

Job Title

Internship: Finance & Accounting - Group Consolidation & Reporting (non-thesis)

Job Description

Start Date: as soon as possible

Duration: at least / 6 months

Type: Internship (non-thesis)

Weekly Presence: 40h

Location: Amsterdam

Internship: Finance & Accounting - Group Consolidation & Reporting (non-thesis)

• Assists in the planning and coordination of the quarterly press release and annual report process. This involves liaising with other teams within Royal Philips (e.g., Group Sustainability, Philips Design, Group Tax).
• Assists in XBRL filings for the Dutch Authority for the Financial Markets (AFM) and the US Securities and Exchange Commission (SEC).
• Retrieves and processes data from our financial system to our reporting tool.
• Assists in preparation and presentation of reports or findings for internal and external stakeholders, ensuring that all findings are presented with utmost accuracy and clarity.
• Analyzes data related to departmental projects, identifying significant trends, patterns, and anomalies, and delivering actionable recommendations that drive data-informed decision-making.
• Conducts research on relevant topics and areas by investigating current trends, industry best practices and competitive landscape to provide comprehensive insights and support the strategic direction of ongoing projects and initiatives.
• Participates in team meetings, contributing ideas and input, while also capturing detailed minutes that accurately reflect discussions, decisions, and action items, ensuring effective communication and follow-up within the team.
• Contribute to other ad hoc projects, such as GC&R team projects or process improvements projects.

You are a part of
The Group Consolidation and Reporting (GC&R) team, which is a part of ARIC (Accounting, Reporting and Internal Control). The team is responsible for consolidation and financial reporting of Royal Philips. The team is based at the Philips Center in Amsterdam and has a size of around 24 people. We are an international team and we warmly welcome newcomers.

You are a good fit, if;

• Currently studying towards Bachelors or Masters in Finance/Accounting, an interest in IFRS and financial reporting
• Good knowledge of Microsoft Office suite (in particular Excel and PowerPoint, as well as SAP Analysis for Microsoft Office)
• Team player, with good communication skills and a positive attitude
• Organized, with a structured approach to work and attention to detail; ability to prioritize and to work under pressure
• Fluency in oral and written English

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.

We offer you:
A non-stop growth opportunity within a global multinational company. In addition, we also want to renumerate you well for the opportunity. This includes:

• Monthly full-time allowance between €500 - €700 gross, depending on your education level and if you need to relocate to The Netherlands. Part-time internships receive the allowance pro-rata.
• Housing compensation. Should you need to relocate to near our office, we’ll offer you a monthly allowance of €300,- net if location is in the vicinity of Amsterdam, €255,- net for all other Philips locations. To be eligible, we’ll just ask for the rental contract from your landlord, and your usual home-work travel distance needs to be more than 50 km or 1.5 hours of travel time (for a one way trip).
• Travel compensation, if you are not eligible for a free public transport card; you will receive max. €192,- net as a monthly allowance.
• Paid holidays per internship term.
• The opportunity to buy Philips products at our Philips shop.

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.

About Us

At Philips, we believe that every human matters. As a global health-tech leader, we focus on improving people’s health and wellbeing through meaningful innovation. The people who work here share our passion and are motivated to bring this purpose to life.

For more than 130 years, we have been creating technologies and innovations that improve people's lives and support healthcare practitioners. Headquartered in the Netherlands and operating in more than 100 countries globally, we focus our advanced technology and deep clinical and consumer insights on Precision Diagnosis, Image Guided Therapy, Enterprise Informatics, Monitoring/ Connected Care, Sleep & Respiratory Care and Personal Health.

Together, we deliver better care for more people because we believe that every human matters. That's why we're taking steps to create an environment where we acknowledge and embrace our differences and uniqueness and listen to and value each other's views. When people feel cared for and listened to, they bring their best qualities to work, leading to better collaboration, communication, innovation and success.

It is the policy of Philips to provide equal employment and advancement opportunities to all qualified employees and applicants for employment without regard to race, color, religion, sex, pregnancy/childbirth or related medical conditions, age, ethnic or national origin, sexual orientation, gender identity or expression, physical or mental disability, genetic information, citizenship status, veteran or military status, marital or domestic partner status or any other characteristic protected by law. As an equal opportunity employer, Philips is committed to fostering a culture where all are treated with respect and professionalism.

To ensure reasonable accommodations for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Veterans' Readjustment Act of 1974 and Title I of the Americans with Disabilities Act of 1990, applicants that require accommodation in the job application process may contact 888-367-7223, option 5, for assistance.

Philips is an Equal Employment and Opportunity Employer including Disability/Vets and maintains a drug-free workplace.

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