Job Information
Philips Internship in FP&A Cost Management (possible with thesis) in Amsterdam, Netherlands
FP&A Cost Management Intern (possible with thesis)
Start date: as soon as possible or Q3 2024
Duration: 6 months
Type: Internship ( suitable for thesis )
Weekly presence: 32-40 hours
Finance FP&A Productivity and Cost Management team in Amsterdam is a diverse and engaged international team that focuses on quality and value creation. They are the analytical engine that interprets and drives management insight by leveraging analytical expertise within the organization. The team is global and spans across different locations, with a direct Productivity and Cost Management team of 5 people in the Netherlands and Chennai.
Your role:
Be at the heart of the implementation and standardization of cost management processes and programs. By delivering meaningful, accurate, and timely reporting & analysis on performance-related committed cost savings, you will assist relevant stakeholders with making fact-based decisions and driving actions to achieve the business ambition.
Performing global cost and productivity savings analytics and reporting progress across financial cycles
Proactively engaging with submitters of savings initiatives and tracking follow-ups
Preparing PowerPoint decks on target setting and underpinning processes.
Ensuring quality, accuracy, and integrity of information stored in our systems, enabling a single source of truth for productivity savings.
Constantly looking for new opportunities to improve and streamline existing ways of working in analysis and reporting.
To succeed in this role, you should have the following skills and experience:
Master student in Economics, Finance, Business Analytics, or other relevant field
Strong Excel and PowerPoint skills
Fluent in English
Team-player, result-driven & proactive
Ability to manage multiple priorities and expectations effectively, work in a fast-paced, dynamic environment
In return, we offer you
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. €192,- net
Paid holidays per internship term.
The opportunity to buy Philips equipment at our Philips shop
IMPORTANT:
Part of our selection procedure is a HireVue online assessment. We are not able to share the outcome of this HireVue assessment, but will use this as extra selection criteria.
In order to be considered, you have to be registered as a student during the entire internship period. Formal documentation will be requested. Students from outside the EU enrolled at a Dutch university need to fill in a 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.
About Philips
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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.
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