Finance Specialist

Position Summary

Role and Responsibilities

Are you looking to join the Global Leader in production and sales of Consumer Electronics? Do you like to work in a dynamic, challenging and international work environment? Then we have a fantastic opportunity for you to join our best-in-class team as: Finance Specialist.

You will be part of Samsung Electronics Europe Logistics B.V. (SELS) of which the main office is located in Delft. SELS is the Central European logistics organization of Samsung Electronics, which functions as a logistics and financial control tower within SEC Europe, with a focused role in logistics & supply chain strategy, innovation and monitoring. SELS has approximately 120 employees divided over various department.

As Finance Specialist, you will be part of the Accounting team which is mainly responsible for an efficient and effective financial administration in accordance with HQ Strategy and local European legislation.

Role and Responsibilities

Your main responsibilities will include:

• [TR] Process treasury daily transactions. Understand a foreign exchange market and financial product and apply an appropriate method. Collaborate with European treasury team for insuring the optimal cash flow and minimizing the financial risk. Understand why a subsidiary’s exchange position has occurred and examine whether the exchange position is hedged. Calculate an appropriate deposit amount of foreign currency in order to hedge an exchange position.
• [Bank] Process daily bank transactions related general expenditures and treasury. Keeping the relation with European treasury team, support the requests and solving issues related bank, treasury.Perform daily bank reconciliation and support to other team member related bank processing.
• [GL] Processing transactions related balance sheet and PL (accruals, payroll, prepayments etc.) during month and by month-end. Understand accounting standards and processes related to expense and handle expenses via SAP system. Examine substantiality and soundness of AR,AP,FA and by matching receivables and debts on the financial statement, acquiring financial soundness.
• [Cash Flow] Good understanding and process of cash flow statement (working capital, difference between warehousing and capital of an investment activity, free cash flow, etc.) Explain about and analyze correlation. Perform daily, monthly and annual bank reconciliation.
• [Tax] Good understanding and calculation and report of various taxes (corporate tax, VAT, withholding tax, wage tax, WKR, Intrastat) according to tax laws.
• [Intercompany] Managing the intercompany settlements for non-trade invoices.
• [Closing] Preparation and posting of various journal entries in order to maintain accurate and on time reporting in accordance with closing schedule. Process TR closing. Prepare reconciliations for various general ledger accounts, bank accounts, prepaid expense accounts, tax accounts, fixed asset accounts or various other general ledger accounts in order to maintain accuracy and facilitate transparency. Check and report corrective measurements for avoiding mistakes and fluctuation of BL and PL.
• [Reporting] Contribute to decision making by reporting key items after closing for the month. Responsible for various internal reports and risk management. Reporting to European treasury team and Corporate Finance upon to daily, monthly requests. Ensure that CBS & DNB reporting in timely manner. Conduct finance related (ad hoc) projects in order to constantly improve systems and procedures.
• [Accounting external audit] Actively contribute and support for quarterly accounting audit with an external party in order to maintain the right value of our company. Meet all applicable IFRS and other financial, statutory and regulatory requirements in order to ensure compliance.

Skills and Qualifications

Who we are looking for:

• Bachelor or Master degree in Finance;
• 5-7 years working experience in a similar position at an international organization;
• Advanced level of experience with and knowledge of IFRS and ERP systems, and Excel;
• Strong analytical skills;
• Strong communication skills in English, Dutch is a plus;

We Offer

• A competitive base salary depending on your profile;
• Annual performance related bonuses (twice per year);
• 25 holidays (and Good Friday off) and additional loyalty days based on your service period;
• Optional hybrid working model and allowances, supporting your daily life balance (2 days per week from home);
• Fully compensated health care insurance (extensive coverage);
• Well-arranged pension scheme with an extensive employer contribution;
• Compensation of your fitness subscription;
• Free drinks and fresh fruit at the office;
• Employee shop to purchase Samsung products with discount;
• Bicycle plan;

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