GE Vernova

EMEA & Asia Hydro Operations Finance Leader

GE Vernova  •  Budapest, HU (Onsite)  •  1 day ago
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Job Description

Manage the accounting and financial reporting lifecycle of commercial arrangements with customers while partnering with cross functional teams in and outside of finance.

This job will report to the Global Hydro Operations Finance Leader.

As the EMEA Hydro Operations Finance Leader, you will:

  • Help design proposal for a future Project Accounting organization and assess and evaluate options for the Hydro business line with the Global Hydro Operations Finance leader
  • Lead & develop a Controllership and accounting team to simplify and create world class standard processes & policies in line with those already defined in the Power Operations Finance model.
  • Translate concepts, develop strategy, implement change, create programs responsive to external environment, and participate in cross-functional business and cultural development.
  • Oversee all financial aspects of project accounting for including project setup, actuals booking, revenue recognition, manual journal entries, and reconciliations.
  • Leverage experience with pacing, GAAP, and Stat & Tax financials to streamline the connectivity between these areas.
  • Establish process to ensure legal entity financial quality (i.e., documentation for regulatory purposes, cash tax impact implications, etc.), and act as a point of contact (POC) for audit related inquiries.
  • Ensure financials of projects are in line with GAAP (e.g., revenue recognition, journal entries, etc.) and compliant with statutory regulations & global accounting policies.
  • Communicate balance sheet position to senior management on a quarterly basis.
  • Partner with Functions and Cost teams on the Hydro margin review process to enable Aero Services Finance to work with project managers to optimize performance of contracts.
  • Partner cross-functionally with Pole, BU Finance & fulfillment Leaders in the pacing process to deliver baseline financial case to BU Finance/FP&A teams.
  • Provide internal and external audit support relating to project accounting activity, balance sheet and P&L.
  • Drive a spirit & letter of excellence in Controllership (e.g., adherence to GEV policies, transfer of best practices, internal controls, etc.).
  • Champion LEAN culture, lead transformation efforts in alignment with broader finance strategy, guide continuous improvement of processes, & prioritize automation opportunities.
  • Identify, recruit, grow, and retain talent with appropriate levels of expertise to deliver on the daily management and/or transformational priorities of the organization.
  • Foster strong partnership with and maintain accountability for execution performed by third party vendors on behalf of the Services Operations Finance organization.

Required Qualifications:

  • Hydro accounting work experience either as a Controller, Risk Finance Leader or PFM/OTR Finance Manager
  • Team Management/leadership experience
  • Bachelor’s Degree from an accredited university or college or equivalent knowledge or experience
  • Significant experience in finance or operations function in progressively larger positions of responsibility
  • Relevant finance leadership experience

Desired Qualifications:

  • Projects & Upgrades accounting experience
  • Certified Public Accountant/Chartered Accountant preferred
  • Direct or indirect leadership of global teams
  • Ability to work under tight deadlines and to prioritize under pressure
  • Strategic thinker with the ability to create and execute concrete action plans
  • Demonstrated adaptability/flexibility: open to change in response to new information, different or unexpected circumstances, and/or ability to operate in ambiguous situations
  • Ability to partner with horizontal teams like Pole/ITR Finances, Fulfillment, Operations
  • Strong analytical, project management, and organizational skills
  • Strong oral and written communication skills
  • Strong interpersonal and leadership skills

Additional Information

Relocation Assistance Provided: No

GE Vernova

About GE Vernova

GE Vernova is a purpose-built energy technology company on a mission to electrify to thrive and decarbonize the world.

It is made up of three businesses -- Power, Wind, and Electrification -- with focus on accelerating the path to more reliable, affordable, and sustainable energy, while helping our customers power economies and deliver the electricity that is vital to health, safety, security, and improved quality of life.

The world needs more energy, smarter energy. With energy demand expected to grow by more than 50% in the next 20 years, we are continuously innovating to meet the moment…like we have for the past 130 years. The Energy of Change and relentless optimism are what drive us – it’s about never giving up and seeing what’s possible so that we deliver the energy technologies the world needs right now and for generations to come.

GE Vernova’s attitude and edge is embedded in its name. We retain our treasured legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy that GE Vernova will help deliver.

Together, we have the energy to change the world.

Industry
Energy & Utilities
Company Size
10,000+ employees
Headquarters
Boston, Massachusetts
Year Founded
Unknown
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