Job Information
GE Vernova PowerMax Lead Finance Analyst in Bracknell, United Kingdom
Job Description Summary
What impact you'll make?
The PowerMax Lead Finance Analyst – CSA Europe executes all Accounting, closing, and pacing activities for a given portfolio of projects managed on the PowerMax ERP, to ensure timely and accurate financials. The Business Unit Accountant (Services) partners with Operations, Fulfillment, and Services ITR Finance to achieve outcomes. Areas of responsibility include project set up, performing contract margin reviews, pacing validation, monthly & quarterly closing activities, account reconciliation, assisting with Stat & Tax audits by providing appropriate data.
Job Description
What you’ll do
Responsible for Contrcatual Service Agreements (CSA) operating in PowerMax ERP for the European Finance team.
Account for financials of the projects in line with GAAP & STAT policies & standards (e.g., revenue recognition, journal entries, etc.)
Maintain strong connection with operations to validate contract data (project cost, invoicing), prepare financial output, and communicate to Project Managers, and broader finance community
Support operations by approving credit notes, recording bad debt and bonus/liquidated damages
Review and reconcile periodic balance sheet accounts related to projects & prepare and present monthly balance sheet reviews
Actively participate in contract handover reviews from Inquiry to Order (ITO), to Order to Remittance (OTR) i.e., T&C clarifications, project setup, payment security, hedging evaluation, etc.
Perform Margin Review calculations to enable ITR (Inquiry to Remittance) Services Finance to work with Project Managers to optimize the performance of the contracts
Download & prepare SONIC data as part of the pacing process for validation with Operations
Possess detailed knowledge of the pacing case to enable Business Unit Finance in optimizing the case
Monitor intercompany transactions related to projects & partner with central Internal Billing team to problem solve rejects & holds
Provide internal and external Audit support relating to project accounting activity, balance sheet and P&L as needed
Execute project accounting within ERPs per the global standards set by the business
Be a strong advocate for LEAN culture, supporting continuous improvement of processes
What you’ll bring (Basic Qualifications)
Bachelor’s degree from an accredited university/college in Accounting, Finance or relevant discipline
Significant experience in operational finance and/or project accounting in progressively larger positions of responsibility
Relevant Financial Systems & Data Experience
Fluent English knowledge is essential
Demonstrated ability to deliver with focus, prioritize and perform in a fast-paced environment and respond quickly
Experience and interest in driving process improvement
What will make you stand out
Expertise in PowerMax is a huge plus!
Solid understanding of USGAAP and statutory accounting principles with ability to translate accounting requirements to ERP solutions
Excellent time management, organizational and data driven skills
Adaptable/flexible: open to change in response to new information, different or unexpected circumstances, and/or ability to work in ambiguous situations
Additional Notes for Hungary:
Successful applicant will be legally eligible to enter into an employment relationship under the laws of Hungary
This is a hybrid role with three days remote and two days in the office.
Additional Information
Relocation Assistance Provided: No
#LI-Remote - This is a remote position
GE Vernova is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.