Job Description

Location: Amsterdam
Starting Date: We prefer the intern to start asap but latest January 2021.
Duration: 6-12 months

In this role, you have the opportunity to

work with colleagues from across the globe on executing our commercial strategy within the heart of Philips’ commercial organization.

You are responsible for

  • First point of contact for all distribution strategy related requests
  • Maintenance of database containing all signed distribution contracts
  • Making test purchases at retailers across Europe to check compliance
  • Arranging “mystery shopper” visits to retailers via our 3rd party agency
  • Managing the execution of online website compliance checks via our 3rd party agency
  • Reporting out to all European stakeholders on your findings
  • Following up with the Commercial Policy officers in the markets on identified distribution contract breaches

You are a part of

The Philips Commercial Policy team, which is responsible for driving Philips’ Commercial strategy across the world; a diverse team consisting of many nationalities, working from our Global Headquarters in Amsterdam (next to Amsterdam Amstel station).

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

  • Studying towards a Master Degree in Data Science, Information Management, Econometrics, Finance or related study with a business sense and interest;
  • Strong organizational skills and attention to detail;
  • Effective stakeholder management/ communication;
  • MS Office skills (Excel), Data analytics experience, SQL nice to have;
  • Solid understanding of e-commerce;
  • Able to manage multiple projects at a time;
  • Previous internship experience within a multinational environment is an added value;
  • Fluency in English.

In return, we offer you

  • Gain in-depth knowledge on the Consumer Electronics market and its retailers
  • Deep insights in to developing a solid distribution strategy, go-to-market strategy and pricing model
  • A chance to greatly improve your stakeholder management/influencing skill
  • The possibility to combine your thesis

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 improving 3 billion lives a year by delivering innovative solutions across the health continuum.

To find out more about what it’s like working for Philips at a personal level, visit the Working at Philips page on our career website, where you can read stories from our employee blog. Once there, you can also learn about our recruitment process, or find answers to some of the frequently asked questions.

Notes

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 of which may be requested at any time. 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.

Are you interested and want to learn more about this vacancy? Click here!

Job Description

Location: Amsterdam
Type: Internship – Not suitable for Thesis
Length: 6 months (preferably)
Time: 40 hours/week
Expected Start Date: January 4, 2021
Application Deadline: September 30, 2020 – Business Interviews will take place at beginning of October.

In this role, you have the opportunity to

Assist in advising Philips’ businesses on their acquisitions and divestiture programs, hereby advancing Philips transformation journey as a global leader in Health Technology.

The position provides a unique opportunity to experience M&A from a corporate value perspective in a very experienced M&A team, with a global scope. You will have to cope with high pressure, working with big teams and operating independently. Responsibilities rapidly increase for those who perform well.

You are responsible for

  • Assisting the M&A advisory and deal execution process from start to finish, including valuation and financial analyses (DCF and multiples), assisting/ managing due diligence processes, project management, drafting of marketing materials
  • Preparing presentations for the Board of Management, alongside with people from the Markets and Business Groups
  • Performing company research and industry benchmarking using various databases (e.g. Capital IQ, Bloomberg, Pitchbook)

You are a part of

The global deal team of Philips M&A is comprised of ~20 specialists and is responsible for advisory on the entire execution process of different types of deals (buy-side and sell-side, joint ventures, large, midsize and smaller deals). You will be part of the deal team in Amsterdam (~8 people) where you will be working hand-in-hand with the integration and disentanglement teams and with colleagues based in Cambridge (Boston, USA) and Shanghai (China).

In recent years, Philips M&A has successfully completed +30 international M&A transactions including, in 2016, the IPO of Philips Lighting (EUR 4.5 billion) and the sale of Lumileds (EUR 2.0 billion). Philips is looking to use these cash proceeds to acquire companies in the Health Technology space. Since 2017, Philips announced 30+ transactions, ranging in size, from start-ups to mature companies and from a few million to a few hundred million (e.g. the acquisition of EPD Solutions) to more than a billion (e.g. acquisition of Spectranetics Corporation).

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

  • An excellent academic track record (preferably in Economics, Finance, or Econometrics)
  • A genuine interest in corporate finance, valuation and financial markets
  • Current enrollment in a MSc program
  • Highly analytical mindset and a strong professional drive
  • Strong and open-minded team player who can work with various nationalities and cultures
  • Modelling experience in Excel and neat PowerPoint skills
  • Fluency in written/spoken English (Dutch is not required)
  • Relevant financial internship experience is preferred

In return, we offer you

On top of a competitive internship compensation, Philips M&A provides you a unique opportunity to experience M&A from a strategic, broad and diverse corporate perspective.

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 improving 3 billion lives a year by delivering innovative solutions across the health continuum. Philips is on a very exciting transformation journey to become an even more focused Health Technology leader. M&A is a crucial part of this journey and you can be part of that!

Visit the Working at Philips page on our career website, where you can read stories from our other young professionals. Once there, you can also learn about our recruitment process, or find answers to some of the frequently asked questions.

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 of which may be requested at any time. 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.

Are you interested and want to learn more about this vacancy? Click here!