Customer Finance Internship at Siemens Medical Solutions USA, Inc. in Malvern, Pennsylvania

Job Description:

Do you want to join us in helping to fight the world's most threatening diseases and enabling access to care for more people around the world? At Siemens Healthineers, we pioneer breakthroughs in healthcare. For everyone. Everywhere.


At Siemens Healthineers, we offer you a flexible and dynamic environment with opportunities to go beyond your comfort zone to grow personally and professionally. Sound interesting? Then come and join our global team as a Customer Finance Intern to develop automated forecasting solutions for our customers.


Our global team: We are a team of 68,000 highly dedicated employees across more than 70 countries passionately pushing the boundaries of what's possible in healthcare to help improve people's lives around the world. As a leader in the industry, we aspire to create better outcomes and experiences for patients no matter where they live or what health issues they are facing. Our portfolio, spanning from in-vitro and in-vivo diagnostics to image-guided therapy and innovative cancer care, is crucial for clinical decision-making and treatment pathways.


Our culture: We are part of an incredible community of scientists, clinicians, developers, researchers, professionals, and skilled specialists pushing the boundaries of what's possible, to improve people's lives around the world. We embrace a culture of inclusivity in which the power and potential of every individual can be unleashed. We spark ideas that lead to positive impact and continued success.



Position Overview:


The Customer Finance Intern will focus on Operation Finance tasks verse Corporate Finance tasks. This includes assisting within the following teams: quote to booking (QTB), Credit Collections (C&C), Pricebook management (PBM), Lifecycle management (LCM), Enterprise Service Finance (ES FI) and Customer Supply Chain Finance (CSC FI). Positions are based in Malvern, PA or Cary, NC and will be on a hybrid/in office work schedule.



How the Program Works:


The structure of the internship program balances full time (40 hours per week) work over the summer May/June through August with part time (10-20 hours per week) work through academic semesters. Intern rotations are 8 months in duration following that work schedule. Full time work can also continue during extended school breaks.


Students will work in a different area for 8 months each and will get great exposure to different opportunities by learning several facets of the customer finance operations within this large medical device company. Their contributions to the business will be significant, and we see those who successfully complete the program will have the opportunity to secure full time positions in these areas after graduation.



Responsibilities (depending upon the rotation).

• Support activities associated with the creation, review, analysis, editing, escalation, and approval of CRM quotes. Includes ensuring compliance with all pricing guidelines, GPO/IDN contract terms and value adds as applicable, profitability analysis as applicable, government coding as applicable, exception management, compliance to the escalation and Limits of Authority policies. Document all activities, decisions, approvals, timelines within quote. Consult with lead specialists on quotes to ensure accuracy.
• Support activities associated with the validation of new contracts and orders including gathering of required contract and configuration documents and receipt of required approvals and signatures.
• Perform all activities from pre-booking to booking for new orders and contracts. Ensure MEA accounting & financial processes are followed per guidelines. Facilitate timely, seamless handoffs to CSC FI, including all required documentation.
• Identify data transmission issues between CRM and SAP systems as needed. Consult with lead specialists to resolve.
• Prepare and review financial models and presentations with middle and senior management.
• Engage and contribute towards backlog and revenue management with the CSC FI team.
• Ensure compliance with all finance, accounting, and quality policies.
• Verify that financial & legal terms of customer contract are accurately reflected in SAP contract. Accurately enters instrument orders in SAP.
• Ensure complete and accurate (both contract and non-contract) pricing is in place for customer upon shipment of instrument.
• Create Service contract in SAP to support current service processes for new installations. Ensure uninterrupted service coverage is evident (service contract maintenance) on agreements with bundled service.
• Monitor instrument shipment to ensure accurate contract start date (sets compliance date).
• Ensure all coding in SAP is complete and accurate to facilitate financial reporting.
• Assist the C&C team in the wide range of activities to review and support the C&C processes.
• Support the ES FI team on multi-million-dollar transactions in financial planning and analysis.
• Development and support of customer/project income statement and balance sheet positions.
• Tracking and monitoring of customer assets and inventory levels.
• Support and tracking of margin improvement projects at customer sites.
• Support accounting treatment of multiple performance obligation multi-year contracts.

Education:


Currently enrolled in an accredited Bachelor's degree program for Business Administration, Finance, Accounting, MIS, or related field with a graduation dates no earlier than 2025.


Rising sophomores and rising juniors preferred


Minimum 3.0 GPA preferred.



Required Knowledge/Skills:

• Completed basic courses in Finance, Accounting, or General Business
• Strong written and verbal communication skills, problem solving skills, ability to work in a fast-paced team environment.
• Good organizational skills and self-initiative
• Must be available to work full time during the summer and part time (10-20 hours per week) during the academic terms

Start date: Summer 2024


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


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


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Successful candidate must be able to work with controlled technology in accordance with US export control law." "It is Siemens Healthineers' policy to comply fully and completely with all United States export control laws and regulations, including those implemented by the Department of Commerce through the Export Administration Regulations (EAR), by the Department of State through the International Traffic in Arms Regulations (ITAR), and by the Treasury Department through the Office of Foreign Assets Control (OFAC) sanctions regulations.


Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job.



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.


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