Internship: Treasury Middle Office [Netherlands]

 

Job Title

Internship: Treasury Middle Office

Job Description

Location: Amsterdam
Type: Internship
Length: 7 months
Time: 32 - 40 hours/week
Expected Start Date: 1.08.2023

(Non-thesis internship)

Philips is a global leader in health technology, committed to improving billions of lives worldwide and striving to make the world healthier and more sustainable through innovation. Driven by the vision of a better tomorrow.

But it’s not just what we do, it’s who we are. We are 80,000, wonderfully unique individuals, with two things in common. An unwavering sense of purpose and a relentless determination to deliver on our customers’ needs. It’s what inspires us to create meaningful solutions – the kind that make a real difference – when it matters most.

The world and our customers’ needs are changing faster than ever before and while we are proud of what we do already, we know we can do more. That’s why we need you, to help us tackle increasingly complex challenges posed by ever evolving health and well-being needs.

In this role, you have the opportunity to

Join the Treasury department of Royal Philips and contribute a high growth business that will help improve the lives of millions contributing with a global leader in Health Technology.

You are responsible for

• Collaborate with the treasury team working with inhouse bank, settlement and cash management team
• Support on daily processes within treasury middle office like:
  • Processing cash sweeps to the IHB(internal) bank accounts
  • Support in reconciliation of bank accounts
  • Support in FX & MM deal matching with financial counterparties.
  • Return bookings & vendor blocking
  • Supporting in the unreconciled process
  • Support in request for information from the bank(usually sanction related)
  • Voiding cheques
  • System access requests
  • Payment status related queries
• Project support
• Provide solutions and be the point of contact for different internal stakeholders
• Updating KPIs

You are a part of

Group treasury Middle Office, a dynamic and international team, with a professional and fun workplace, collaborating with different business in the organization.

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

• Bachelor/Master’s degree in finance, Business Economics or Accounting, with a high interest to learn about treasury
• Excellent excel skill, to manage and analyze data (pivot table, vlookup, etc) would be a big plus
• Proactive, structured, independent worker with an analytical eye and detail oriented
• Good communication skills. Fluent English is mandatory
• Knowledge of SAP is valuable

In return, we offer you

The unique opportunity to contribute to the treasury knowledge within our organization while working as part of an international team and collaborating on many cross-team projects. We welcome you to grow personally and professionally, and become a part of the Royal Philips talent network!

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

• Monthly full-time allowance between €500 - €700 gross, depending on educational level. 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 products 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.

#LI-EU

 

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