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
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 .