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Customer Finance Internship

Job Description

Now’s our time to inspire the future of healthcare together.


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


Siemens Healthineers develops innovations that support better patient outcomes with greater efficiencies, giving providers the confidence, they need to meet the clinical, operational and financial challenges of a changing healthcare landscape. Join our team now at Siemens Healthineers as a Customer Finance Intern.


Position Overview:


Customer Finance (CFI) at Siemens Healthineers, North America is looking for a motivated and a positive-attitude intern entering their senior year or master level to join their rotation program for assisting the 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) teams. This 2-year rotation program, via a combination of co-op and internships, will provide an opportunity to learn and contribute in 3 of the above 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 when working.


How the Program Works:


The student would work full-time during the summer and on extended school breaks; and would be expected to commit to a regular part-time schedule (approximately 10 - 20 hours per week) during the regular school semesters.


The student will work in three different areas 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 to be a feeder pool for our open positions in these areas upon graduation. Students with an aptitude for and interest in general business administration will do best in this program.


Responsibilities (depending upon the rotation and location):

  • 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:


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


Required Knowledge/Skills:

  • Working knowledge of all new MS Office suite (Word, Excel, PowerPoint, and Teams)
  • Completed basic courses for Accounting, Finance, Marketing or 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
  • Minimum 3.0 GPA preferred 
  • Must be available to work full time during the summer and term breaks and part time (10-20 hours per week) during the academic terms

Start date: Summer 2022; 24-month duration.


Siemens Healthineers has recently announced the next steps in our continued commitment to prioritize colleague health, comply with customer/business partner requirements, and help preserve our business continuity.  Going forward, please be aware that Siemens Healthineers requires full COVID-19 vaccination for all new hires by their start date, except where prohibited by state law.  Accommodations may be requested for certain medical or religious reasons.  If you choose to submit an accommodation request it should be submitted within 3 business days of receiving a verbal offer.  Details on how to submit approval will be provided by your recruiter.  An accommodation approval must be confirmed prior to your start date.  A start date cannot be confirmed until the accommodation has been reviewed.  An accommodation is based on your role.  If you are a currently a Siemens Healthineers employee with an existing approved accommodation, it will need to be re-evaluated prior to starting a new role.


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


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


As an equal-opportunity employer we are happy to consider applications from 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.

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