Location: Amsterdam - Hybrid

Type: Internship - not suitable for thesis

Length: 6-8 months (minimum till the end of January/February 2025)

Time: 40 hours/week

Expected Start Date: August/September 2024

In this role, you will be part of the Group Consolidation and Reporting (GC&R) team which is responsible for consolidation and financial reporting of Royal Philips. As well as annual, quarterly and monthly financial reporting, GC&R also works on significant projects within Royal Philips, such as acquisitions or divestments, plus various other initiatives such as finance knowledge management and improvement projects.

Your responsibilities

• Assist in the planning and co-ordination of the quarterly press release and annual report process, this involves liaising with other teams within Royal Philips (eg: Sustainability, Design, Tax).

• Assist in XBRL (eXtensible Business Reporting Language) filings for the AFM (Autoriteit Financiele Markten - Dutch Authority for the Financial Markets) and SEC (Securities and Exchange Commission).

• Retrieval of data from our financial system and processing this in our reporting tool

• Assist in the monthly internal financial reporting process and analytical reviews.

• 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 20 people. We are an international team and warmly welcome newcomers.

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

• 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

In return, we offer you

A great opportunity to gain experience within a high performing finance team. You will gain insight into significant events within Royal Philips from an accounting and reporting perspective, as well as insight into other teams within Royal Philips. You will work in a team, which cooperates closely and there will be many learning and development opportunities.

Next to that, we are offering a decent internship package:

• Monthly full-time allowance between €500 - €700 gross, depending on educational level and if you would need to relocate to The Netherlands. If you will perform a part-time internship you will receive the allowance pro-rata.

• Housing compensation, in case of relocating to the vicinity of the office, €300,- net if location is in the vicinity of Amsterdam, €255,- net for all other Philips locations. You need to provide a rental contract of the land lord, and your normal home-work travel distance need to be more than 50 km or travel time (one way trip) need to be more than 1.5 hours.

• Travel compensation, if you are not eligible for a free public transport card; you will receive max. €145,- net

• Paid holidays per internship term.

• The opportunity to buy Philips equipment at our Philips shop

Important:

Please note that in order to be considered for an internship, you need to be registered as a student during the entire internship period. Formal documentation (proof of enrollment) will be requested. Students from outside the EU need to fill in an NUFFIC agreement, which needs to be signed by the student and the university. Please note that the contents of our regular internship assignments are not suitable for professionals (and/or MBA students) with professional work experience.

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.

To find out more about what it’s like working for Philips at a personal level, visit the Working at Philips page on our career website, where you can read stories from our employee blog. Once there, you can also learn about our recruitment process, or find answers to some of the frequently asked questions.

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