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Philips Risk & Portfolio Manager - Western Europe in Amsterdam, Netherlands

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In this role, you have the opportunity to

Take credit responsibility for accepting and managing on-balance customer financing transactions under a “four eyes principle” for customer financing approvals up to EUR 5 million for Philips Markets (Western Europe), as well as lead financial risk assessment for large/complex projects and be responsible for due diligence or review of financial risks in projects and solutions requiring on-balance financing.

You are responsible for

  • Center of excellence related to:

  • Credit risk assessment and evaluation of equity investment proposals related to customer financing;

  • Review and validation of returns and supporting financial models;

  • Valuation of equity investments proposals/investment exit evaluations related to customer financing

  • Due diligence or review of financial risks aspects (including ensuring that operational risks have been properly addressed) in TMS, PPPs, SPVs and other large Philips projects and solutions requiring on-balance financing

  • Credit / Equity Portfolio Management responsibility, including:

  • Maintaining delinquency within 1% of the Credit Portfolio Outstanding;

  • On the overall performance of the portfolio;

  • Proactively anticipate possible changes within portfolio

Typical activities (examples)

  • Assess customer information in relation to credit and risk analysis; may have to visit customer to gather information supporting assessment of risks

  • Effect / review due diligence and analyse financial, return, asset, market, legal and contractual risk in complex documentations, including sales / service contracts, financial contracts, loan agreements and shareholders agreements

  • Liaise with, legal counsel, fiscal counsel, Risk Management Markets, and other parties on analysis

  • Review / finalize prepare credit / risk analysis and make recommendations

  • Assign correct credit rating in compliance with Philips Capital Policy

  • Take independent, quick and efficient decisions on credit applications within authorization level

  • Liaise with Philips Markets organizations for further actions – reviews

  • Advise Philips Capital risk committees on decision recommendations (including validation of modelling and equity investments)

  • Prepare and support Philips Capital risk committee in a secretary role

  • Analyse/review credit / risk developments and provide recommendations for improvement

  • Advise Markets on on-balance policy and risk management policies

  • Act as knowledge center (fin. analysis techniques, scorecards/-decision trees, credit and risk policies and regulations, etc.)

  • Transfer knowledge to Markets and junior risk team

You are a part of

Philips Capital that is the single provider of customer financing across all Philips` Businesses and Markets globally. These financing solutions may range from a standard lease or rental to financial structuring of a complex project financing, like Public Private Partnerships. You will work as part of a small team comprising four risk & portfolio management peers each one responsible for his/her markets. You will directly report to the head of the department and will not have reports.

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

  • University diploma

  • Professional experience in finance and credit / portfolio management in total > 7-10+ years and at least 3-5 years in credit / portfolio management for medium to long term financing (developed in banks or multinationals)

  • Financial Controller background including solid business process understanding, P&L management and a thorough understanding of leasing transactions and related accounting/operational requirements.

  • Strong analytical skills, attention to detail, with good knowledge of long term financial products and foreign exchange products, score card techniques, financial analysis, portfolio analysis, under our credit / risk management policies

  • Significant due diligence experience of financial contracts (including legal and fiscal aspects)

  • Solid understanding of due diligence needs in M&A type transactions

  • Review modelling (including NPV / IRR analysis for investments) and basic statistical analysis experience

  • Financial and/or Accounting university education with preferably a master degree

  • Working with others in a complex, cross-cultural environment both in- and (occasionally) externally is necessary to the role, with good communication skills (oral and written)

  • Good project management skills

In return, we offer you

A path towards your most rewarding career. Philips is growing its marketing capability enterprise wide. Succeeding in this market-based role in a complex environment will open many doors for your long term career, in other areas in Philips or otherwise. We also believe that we are at our best as a company when you are at yours as a person. Thus, we offer competitive health benefits, a flexible work schedule and access to local well-being focused activities. Furthermore, Philips University is available to all employees for learning and development opportunities

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 at https://www.philips.com/b-dam/corporate/corporateblog/2016/PhilipsChronicDisease_5.jpg . Our people experience a variety of unexpected moments when their lives and careers come together in meaningful ways. Learn more by watching this video at https://youtu.be/ocnMFp1JBuM .

To find out more about what it’s like working for Philips at a personal level, visit the Working at Philips page at https://www.careers.philips.com/professional/global/en/workingatphilips on our career website, where you can read stories from our employee blog at https://www.careers.philips.com/global/en/blog-unexpected . Once there,you can also learn about our recruitment process at https://www.careers.philips.com/global/en/recruitmentprocess , or find answers to some of the frequently asked questions at https://www.careers.philips.com/global/en/faq .

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