Find More Than 10K+
United Kingdom Jobs

Job Title

Job Description

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.

We are 75,000, wonderfully unique individuals who appreciate we are better together when we celebrate our diversity. We believe inclusivity & equal opportunities are for everyone. To find out more visit our Diversity and Inclusion at Philips site will show you more of what we care about, including our Employee Resource Groups.

In the UK, we are recognized as a Disability Confident employer and are proud to have signed the Armed Forces Covenant & “Time to Change” Mental Health pledge. We welcome all applicants including those from minority backgrounds, LGBTQIA+ and individuals living with a disability.

Because we are at our best when you are, you can safely share any reasonable tools or adjustments needed during our recruitment process and beyond.

In this role, you have the opportunity to make life better

Looking at the challenges the world is facing today Philips’ purpose has never been more relevant. 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.

The purpose of this exciting Finance Trainee role is to develop your analytical skills, by supporting the local performance management and compliance framework. You will learn to reverse engineer processes and how every part of our day-to-day doings can have a financial impact which will give you a good end to end understanding of the organization from Sales to Engineering. You will have the opportunity to collaborate beyond the UK&I for margin improvement projects.

You will support on the following topics:

• Supporting local Cluster/Business leads with performance insights for

  • Order Intake

  • Sales

  • Profitability and cost

• Deep dives on performance deviations in collaboration with FP&A and the business

• Supporting the integration of performance management cycles for:

  • US Funnel Daily Management

  • District performance review

• Order intake compliance & Order book review

• Supporting the Month end closing activities with special focus on Sleep & Respiratory Care

• Collaborating with the Pricing team on critical deal approvals

• Working with Financial Controller on Balance sheet projects (for example Inventory)

• Support the forecasting process in collaboration with the solution finance teams.

• Finance Improvement projects (Margin Attack Plan, Cash collection program 2023)

• Support business during Forecasting, Budgeting, Strategic plans with relevant input

You are a part of

The Finance organization UK&I and will support the local Sales and Business Teams. In this role you will report into the Finance Zone Business Partner UK&I.

To succeed in this role, you’ll need a customer-first attitude and the following

• Recent graduate in a Finance related degree (Bachelors or Masters)

• Evidence of high-performance background (for example through your academic and/or extra-curricular activities)

• Continuous improvement mindset and being eager to deliver fast

• Ability to understand to learn on complex processes

• Analytical skills

• Convincing communication and stakeholder management skills

• Some excel experience, pivoting data is a plus, but not a requirement

In return, we offer you a challenging, innovative environment with great opportunities for you to explore. Our benefits are very competitive and designed around your preferences. At Philips, we value that our people can be healthy and do well and that you feel cared for and listened to. We also believe that we are at our best as a company when you are at yours as a person. Thus, we offer competitive benefits, a flexible work schedule and access to regular local health & well-being focused activities.

This is in addition to:

• A competitive graduate salary and bonus.

• Access to a wide variety of flexible company benefits, including matched pension contributions, and the option to purchase additional holiday.

• Philips University is available to all employees for learning and development opportunities.

• 25 days holiday allowance from the beginning, plus bank holidays.

• Family-friendly policies which offer enhanced maternity and paternity schemes.

• The Philips Employee Shop which allows employees to buy Philips products at discounted prices.

• An Employee Assistance Program is available for all Philips employees and their families. As well as being a confidential support line, it also offers practical financial and life management advice 24 /7 and is completely confidential.

Recruitment Process:

Please submit your detailed CV and a motivational statement for the UKI Zone Finance Trainee role at your earliest convenience but at the latest by 12th May 2023. Next stages will include: an online assessment and a video interview, and finally, an assessment centre due to take place in May at our Farnborough office.

How we work at Philips

There are three core ways that define our ways of working – embracing flexibility, being at our best, and impactful collaboration. We believe this enables us to deliver an outstanding experience to our customers and create the best place to work for people who share our passion.

As a collaborative team, you will be based in our new, vibrant and exciting offices in Farnborough, Hampshire, working in an agile environment (3 days in the office with the flexibility to work from home 2 days a week).

Why should you join Philips?

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.

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.

Visit our careers website to explore what it’s like working at Philips, read stories from our employee blog, find information about our recruitment process and answers to some frequently asked questions.

#LI-EU