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Customer Finance Internship at Siemens

Siemens

Post Date: January 25, 2023 Full Time
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Job Description

Now's our time to inspire the future ofhealthcare together.

At SiemensHealthineers, we are passionate about enabling healthcare professionals todeliver high quality patient care, and to do so affordably. A leading global healthcare company, SiemensHealthineers continues to strengthen our portfolio of medical imaging andlaboratory diagnostics, while adding new offerings such as managed services,consulting, and healthcare IT services - as well as further technologies in thegrowing market for therapeutic and molecular diagnostics.

SiemensHealthineers develops innovations that support better patient outcomes withgreater efficiencies, giving providers the confidence, they need to meet theclinical, operational and financial challenges of a changing healthcarelandscape. Join our team nowat Siemens Healthineers as a Customer Finance Intern.

PositionOverview:

Customer Finance(CFI) at Siemens Healthineers, North America is looking for a motivated and apositive-attitude intern entering their senior year or master level to jointheir rotation program for assisting the quote to booking (QTB), CreditCollections (C&C), Pricebook management (PBM), Lifecycle management (LCM),Enterprise Service Finance (ES FI) and Customer Supply Chain Finance (CSC FI)teams. This 2-year rotation program, via a combination of co-op andinternships, will provide an opportunity to learn and contribute in 3 of theabove departments within CFI for 8 months each. Positions are based in Malvern,PA, Cary, NC, or Walpole, MA and will be virtual until further notice. Students will be required to be on-site whenworking.

How the ProgramWorks:

The student wouldwork full-time during the summer and on extended school breaks; and would beexpected to commit to a regular part-time schedule (approximately 10 - 20 hoursper week) during the regular school semesters.

The student willwork in three different areas for 8 months each and will get great exposure todifferent opportunities by learning several facets of the customer financeoperations within this large medical device company. Their contributions to the business will besignificant, and we see those who successfully complete the program to be afeeder pool for our open positions in these areas upon graduation. Studentswith an aptitude for and interest in general business administration will dobest in this program.

Responsibilities(depending upon the rotation and location):

  • Supportactivities associated with the creation, review, analysis, editing, escalation,and approval of CRM quotes. Includes ensuring compliance with all pricingguidelines, GPO/IDN contract terms and value adds as applicable, profitabilityanalysis as applicable, government coding as applicable, exception management,compliance to the escalation and Limits of Authority policies. Document allactivities, decisions, approvals, timelines within quote. Consult with leadspecialists on quotes to ensure accuracy.
  • Supportactivities associated with the validation of new contracts and orders includinggathering of required contract and configuration documents and receipt ofrequired approvals and signatures.
  • Performall activities from pre-booking to booking for new orders and contracts. EnsureMEA accounting & financial processes are followed per guidelines. Facilitate timely, seamless handoffs to CSCFI, including all required documentation.
  • Identifydata transmission issues between CRM and SAP systems as needed. Consult withlead specialists to resolve.
  • Prepareand review financial models and presentations with middle and seniormanagement.
  • Engageand contribute towards backlog and revenue management with the CSC FI team.
  • Ensurecompliance with all finance, accounting, and quality policies.
  • Verifythat financial & legal terms of customer contract are accurately reflectedin SAP contract. Accurately entersinstrument orders in SAP.
  • Ensurecomplete and accurate (both contract and non-contract) pricing is in place forcustomer upon shipment of instrument.
  • CreateService contract in SAP to support current service processes for newinstallations. Ensure uninterrupted service coverage is evident (servicecontract maintenance) on agreements with bundled service.
  • Monitorinstrument shipment to ensure accurate contract start date (sets compliancedate).
  • Ensureall coding in SAP is complete and accurate to facilitate financial reporting.
  • Assistthe C&C team in the wide range of activities to review and support theC&C processes.
  • Supportthe ES FI team on multi-million-dollar transactions in financial planning andanalysis.
  • Developmentand support of customer/project income statement and balance sheet positions.
  • Trackingand monitoring of customer assets and inventory levels.
  • Supportand tracking of margin improvement projects at customer sites.
  • Supportaccounting treatment of multiple performance obligation multi-year contracts.

Education:

Current juniors/risingundergraduate Seniors or Master level students enrolled for Business,Accounting, Finance, Marketing, and/or related field.

RequiredKnowledge/Skills:

  • Workingknowledge of all new MS Office suite (Word, Excel, PowerPoint, and Teams)
  • Completedbasic courses for Accounting, Finance, Marketing or Business
  • Strongwritten and verbal communication skills, problem solving skills, ability towork in a fast-paced team environment
  • Goodorganizational skills and self-initiative
  • Minimum 3.0 GPA preferred
  • Must beavailable to work full time during the summer and term breaks and part time(10-20 hours per week) during the academic terms

Start date: ASAP; 24-month duration.

At Siemens Healthineers, we value those whodedicate their energy and passion to a greater cause. Our people make us uniqueas an employer in the med-tech industry. What unites and motivates our globalteam is the inspiration of our common purpose: To innovate for healthcare, building on our remarkable legacy ofpioneering ideas that translate into even better healthcare products andservices. We recognize that taking ownership of our work allows both us and thecompany to grow. We offer you a flexible and dynamic environment and the spaceto move beyond your comfort zone to grow both personally and professionally.

If you want to join us in transforming theway healthcare is delivered, visit our career site at https://usa.healthcare.siemens.com/careers.

If you wish to find out more about thespecific before applying, please visit: https://usa.healthcare.siemens.com/about.

As an equal-opportunity employer we are happy to consider applicationsfrom individuals with disabilities.

Organization: Siemens Healthineers

Company: Siemens Medical Solutions USA, Inc.

Experience Level: Student (Not Yet Graduated)

Full / Part time: Full-Time temporary

Equal Employment Opportunity Statement
Siemens is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability unrelated to ability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, order of protection status, protected veteran or military status, or an unfavorable discharge from military service, and other categories protected by federal, state or local law.

EEO is the Law
Applicants and employees are protected under Federal law from discrimination. To learn more, Click here.

Pay Transparency Non-Discrimination Provision
Siemens follows Executive Order 11246, including the Pay Transparency Nondiscrimination Provision. To learn more, Click here.

California Privacy Notice
California residents have the right to receive additional notices about their personal information. To learn more, click here.

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