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

Internship: Finance & Accounting - Group Consolidation & Reporting (non-thesis) The Group Consolidation and Reporting (GC&R) team 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.

Job Description

Start Date: as soon as possible

Duration: at least / 6 months

Type: Internship (non-thesis)

Weekly Presence: 40h

Location: Amsterdam

Responsibilities

• 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 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.