Key Skills

Job Description

At LG, we deliver products and services that make life better, easier, and more enjoyable by offering enhanced functionality and value — “Life’s Good.” We employ approximately 200 people in the Benelux region, spread across two offices in Amstelveen and Edegem. Are you interested in gaining hands-on experience in corporate treasury within an international and dynamic environment? We are looking for a motivated Treasury intern who is eager to learn and contribute to our team! You will be supporting the European Treasury Center at LG Electronics European Shared Service Center B.V. The Team consists of 3 parts: Cash management, Treasury Finance & Credit Insurance. Team is in charge of treasury operations of 40 subsidiaries in Europe, CIS, Middle East and Africa region. Below you will find the overview of key activities and responsibilities within the Treasury team. The intern's responsibilities will be defined and discussed based on individual interests, academic requirements and the operational needs of the team, with exposure to various treasury activities. Liquidity Management Credit line and bank guarantee arrangement and maintenance of EMEA, Middle East & Africa subsidiaries; Asset Backed Securitization program (following up every ABS cycle: information, settlement, and booking, and managing ABS documentation); Risk Management / FX management FX exposure management & hedging (forwards, matching, payment terms); Execute FX spot deals for subsidiaries; Audit (internal, external); Review subsidiaries’ treasury processes & support; Urgent payment for LGESC; Cash Management Global inter-company netting (operate netting system, reconciliation, set-up new entities, follow-up issues); Administration of treasury management, FX systems and banking systems; Treasury Accounting Treasury accounting closing (accruals, FX evaluation) Monthly and annual Central bank reporting Others Financial market monitoring; Analysis of cost & profit; Subsidiary’s request management; Documentation of procedures (process mapping); Document filing; Reporting to accounting department; Projects & tasks; Problem solving; Cash Management Cash concentration (initiation and monitoring of manual and automatic cash concentration sweeps); Payments (initiation and settlement of ad hoc, bulk, foreign exchange, money market and netting payments etc.); Management of overall balance of global multi currency pool (place overnight deposits or take out overnight loans); Banking (account opening / closing, audit requests); Manage local bank account balances; Minimize subsidiaries and ETC’s interest cost What you must have: Currently enrolled in a relevant Bachelor Program in the Netherlands, Experience in Microsoft Excel Good command of English (spoken and written) Nice if you: have understanding of Korean Language for communication with HQ/EHQ

Core Responsibilities

Support treasury operations for European, Middle Eastern, and African subsidiaries, including liquidity and cash management, foreign exchange activities, payments, and banking administration. Assist with treasury accounting, reporting, audits, financial analysis, documentation, and related projects.

Requirements

Applicants must be currently enrolled in a relevant bachelor's program in the Netherlands, have experience with Microsoft Excel, and have a good command of spoken and written English. Korean language understanding is an advantage for communication with headquarters.