Group Accounting and Reporting Internship

Philips Lighting Spain SL.; Amsterdam; On-site; EUR 13,000 - 20,000; Full time

Benefits offered by this job

Internship allowance

Paid leave 1 day per month

Staff shop discounts

Career development opportunities

Mentoring and coaching

Job summary

Signify is seeking a Group Accounting and Reporting Intern in Amsterdam to support consolidation, reporting and internal control reviews. You will collaborate with Markets, BGs and group functions to learn end-to-end processes and IFRS applications.

You’ll gain exposure to MS Access/SQL and Power BI within our digitalization projects, while receiving mentoring and a structured internship path in the Netherlands.

Qualifications

• Bachelor's or master's in accounting. IFRS basics part of education.
• Experience in internships in accounting preferred but not required.
• Strong Excel and PowerPoint skills; proficiency with Windows apps.

Responsibilities

• Prepare and analyze consolidated financial statements for internal and external reporting.
• Act as authority on Signify accounting principles and external reporting matters.
• Review consolidated information for consistency with IFRS and internal standards.
• Support Markets, BGs and group functions on accounting treatments.

Skills

Excel

PowerPoint

Windows

Education

Bachelor's or Master's in accounting

Tools

MS Access

SQL

Power BI

Job description

About Signify

Through bold discovery and cutting-edge innovation, we lead an industry that is vital for the future of our planet: lighting. Through our leadership in connected lighting and the Internet of Things, we're breaking new ground in data analytics, AI, and smart solutions for homes, offices, cities, and beyond. At Signify, you can shape tomorrow by building on our incredible 125+ year legacy while working toward even bolder sustainability goals. Our culture of continuous learning, creativity, and commitment to diversity and inclusion empowers you to grow your skills and career. Join us, and together, we’ll transform our industry, making a lasting difference for brighter lives and a better world.

More about the role

We’re looking for a Group Accounting and Reporting Internship to join our Group Accounting and Reporting (GA&R) in Amsterdam. Working for Signify means being creative and adaptive. Our culture of continuous learning and commitment to diversity and inclusion creates an environment that allows you to build your skills and career. Together, we’re transforming our industry. As the world leader in lighting, we’re constantly ahead of the curve. Through our leadership in connected lighting and the Internet of Things, we’re breaking new grounds in data analytics, AI, and smart homes, offices, cities and more! Signify is one of the few companies in the world to achieve carbon neutrality and our next sustainability goals are even bolder: doubling our positive impact on the environment and society by 2025. As a Group Accounting and Reporting Intern, you’ll be responsible for the preparation and analysis of consolidated information. The team serves as an oversight body, helping our organization in aligning business and financial reporting requirements. As such, the team works closely together with the Markets, Business Groups, group functions and our R2R team to deliver quality internal and external financial reporting. You will also have the opportunity to be part of Internal Control team and gain insight into various areas of business by learning about the end-to-end processes, risks and controls within those areas. We’re on the lookout for forward-thinking innovators with a passion for sustainability.

What you’ll do

• Preparing and analyzing consolidated financial statements that are used for internal (Monthly) and external purposes (Quarterly/Half-yearly/Annually).
• Being the authority on the Signify Accounting Principles and external reporting matters, i.e. Finance Reference Toolset (incl. new IFRS) and Financial Codebook.
• Pro-actively carry out reviews on the consolidated financial information ensuring that transactions are reported consistently with the applicable accounting standards (oversight).
• Providing support to Markets, BGs and group functions on the appropriate accounting treatment for transactions.
• Providing support to Internal Control Team with ad hoc analysis and quarterly reporting to senior management.
• Support in the internal control framework updates.
• Support with data analysis through “MS Access/SQL and PowerBI” in our digitalization projects.

Your qualifications

• A motivated student who is currently studying towards a bachelor's or a master’s in accounting (basic training in IFRS is part of your education).
• Some experience in previous internships in the same field (preferred but not required).
• Excellent knowledge of windows applications, and most important well-developed power point and excel skills.
• Fluency in oral and written English.
• Team player mindset with the ability to work under pressure.
• Contribute to the GA&R specialists’ assignments in performing research on particular accounting matters relating to IFRS; Assist in the revision of Signify accounting manual and in preparing accounting presentations in PowerPoint.
• Add your own value to training events.

What you’ll get in return…

Continuous mentoring and feedback throughout your internship.

• Internship allowance; the exact amount depends on your situation (also towards rented accommodation or public transportation).
• Paid leave on the basis of 1 day per month.
• Extensive set of tools to drive your career, such as a personalized learning platform.
• Opportunity to purchase products in the staff shop at reduced prices.
• We’re offering multiple opportunities for career development, like mentoring, coaching and stretch assignments, with strong international exposure for dynamic profiles.
• Learning is fundamental to our culture.
• Through continuous learning, we are transforming the industry.
• You have the chance to learn every day, acquire new skills and perspectives through customized online programs, and on-the-job experiences.
• As an intern, you will be part of the intern program in the Netherlands, consisting of several events, trainings and networking opportunities with your peer students.

Who we are

Signify is the world leader in lighting. We provide professional customers and consumers with quality, energy-efficient LED lighting. And our lights, when connected, bring data to devices, apps and people – redefining what light can do and how you use it. Today, our innovations, such as LiFi – internet connectivity through light – and UV-C, solar and horticultural lighting, contribute to a safer, smarter, more sustainable world. We’re operating in 74 countries with 32,000 people worldwide.

EU/EER student requirements

Notes EU/EER students: In order to be considered for this internship, you need to be registered as a student during the entire internship period. Formal documentation of this may be requested at any time. Non-EU students in Dutch Universities: You need to be registered as a student and your university needs to sign the Nuffic Agreement. The internship needs to be a compulsory part of your studies (receive ECTS in turn). In case of non-compulsory internship, you need to have a letter from the university in which it states that your internship contributes to your personal development, what your learning goals are and what tasks you will undertake during your internship. The letter has to be signed and stamped by your university. Non-EU students in non-Dutch Universities: You need to be registered as a student and the internship should be a compulsory part of your studies. Also, you need to be able to get the official approval of your university for this internship (Nuffic agreement).

Everything we’ll do for you

You can grow a lasting career here. We’ll encourage you, support you, and challenge you. We’ll help you learn and progress in a way that’s right for you, with coaching and mentoring along the way. We’ll listen to you too, because we see and value every one of our 27,000+ people. We believe that a diverse and inclusive workplace fosters creativity, innovation, and a full spectrum of bright ideas. With a global workforce present in 70+ countries, we are dedicated to creating an inclusive environment where every voice is heard and valued, helping us all achieve more together. Come join us, and together we can light up the future.

Privacy Notice for the Recruitment Process

Concerning US based roles: Signify is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex (including pregnancy), sexual orientation, gender identity, national origin, genetic information, creed, citizenship, disability, protected veteran or marital status. As an equal opportunity employer, Signify is committed to a diverse workforce. In order to ensure reasonable accommodation for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Veterans' Readjustment Act of 1974, and Title I of the Americans with Disabilities Act of 1990, applicants that require accommodation in the job application process may contact 888-367-7223, option 5, for assistance.

Pay Transparency Nondiscrimination Policy

Signify North America Corporation (“Signify”) will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by Signify, or (c) consistent with Signify's legal duty to furnish information.