Lead Finance Project Controller
Lead Finance Project Controller
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Job Description
Job Description Summary
Become part of a winning team and help to deliver the Green Energy transition.To manage the consolidated financial accounts of the allocated turnkey projects (own units scope / comprehensive project scope) and supporting the Project Directors / Project Managers and other project functions as a finance partner.
Job Description
The Lead Project Finance Analyst has overall responsibility for all reporting and controlling requirements of the project for proper consolidation of Project results and for a comprehensive communication to secure consistent accounting and reporting of the Project in terms of detailed scope and responsibilities as follows:
Cash Flow and Revenue/Margin management & controlling:
- Accountable for all financials on the project after tender phase.
- (from contract award date to project closeout/ Final Acceptance Certificate).
- Always have full knowledge of all financial movements with regards to revenue margin and cash. Ensure that such information is consistent approved and reconciled on a regular basis in the ERP systems.
- Ensure global view of consolidated the financials of project understand each partners financial movements.
- With the Project Director/Project Manager define the billing plan (invoice and progress payments) at project start and the revenue recognition (trading) plan as per data provided by Cost Control consolidate validate and forecast trading and billing milestones to ensure consistent consolidated revenue recognition and cash.
- Invoice customer and create related invoice in the ERP system.
- Ensure accurate foreign exchange coverage throughout the project life
- Check control and monitor movements in Actual and Committed Costs ask for corrections when necessary. Reassessment of Cost to complete is under Cost Control responsibility if CC function assigned.
- Manage and forecast cash movements monthly. Track cashin overdue status give alert and ensure that followup action plan is taking place.
- Provide input on claim valuation. (Note: Claim identification responsibility lies with the Project Director role and detail claiming writing with the legal or contract management teams).
- Provide all necessary support to Project Director/ Project Manager on any financial issues.
- Provide all required information for External/Internal Auditors.
Process management & people coordination
- Responsible for timely and correct booking (Margin as Sold current as sold current forecast internal flow elimination) from order booking to project completion.
- Ensure that project data reporting is in line between the ERP and the approved Project reviews in Unifier according to budget deviation approved.
- Prepare and participate in cash sessions: identification of invoicing triggering events invoice format steps from invoice generation until payment preparation of project cash instruction.
- Active participation in billing and trading forecasting when required.
- Develop strong relationships and continuous communication flows with all project controllers in Project Participating units to ensure that working assumptions are shared consistent and reported in a timely manner.
- Implement the controlling tools used within the reporting unit.
- Ensure that all financial processes & instructions and internal controls including DoA Golden management rules are implemented robust and compliant.
Management Reporting
- Prepare and attend the consolidated Project Reviews. Prepare the following documents for the consolidated Project Review with significant input from Project Director: consolidated EAS sheets (via KEOPS) cash curve FX revaluation trading and billing plans.
- Produce all financial project reporting as requested by the project functions or project related units.
Accountabilities
- Ownership of timely invoicing with documentation and cash collection on the project.
- Accurate timely production and consolidation of project financial statements as well as reporting in the ERP system.
- Transparency and accuracy of project margin.
- Coordinate and effectively manage all internal financial interfaces on the project such as participating units.
- Demonstrated years of experience in a similar capacity preferably in the projects business.
- Qualified Accountant or working towards CIMA.
- Experience of accounting in a project environment.
- Engineering Turnkey projects Manufacturing background considered.
- Strong analytical skills.
- Good Communication and influencing skills.
- Strong Excel skills required.
- Knowledge of an ERP system particularly SAP would be preferable.
- Fluency in English is essential.
Desired characteristics
- An excellent accounting background and operationally inclined in a projects / service industry.
- Humble: respectful receptive agile eager to learn.
- Transparent: shares critical information speaks with candor contributes constructively.
- Focused: quick learner strategically prioritizes work committed.
- Problem solver: analyticalminded challenges existing processes critical thinker.
- Integrity: accepting and adhering to high moral ethical and personal values in decisions communications actions and when dealing with others.
About GE Grid Solutions:
At GE Grid Solutions we are electrifying the world with advanced grid technologies. As leaders in the energy space our goal is to accelerate the transition for a more energy efficient grid to full fill the needs of tomorrow. With a focus on growth and sustainability GE Grid Solutions plays a pivotable role in integrating Renewables onto the grid to drive to carbon neutral. In Grid Solutions we help enable the transition for a greener more reliable Grid. GE Grid Solutions has the most advanced and comprehensive product and solutions portfolio within the energy sector.
Why we come to work:
At GE Renewable Energy our engineers are always up for the challenge and were always driven to find the best solution. Our projects are unique and interesting and youll need to bring a solutionfocused positive approach to each one to do your best. Surrounded by committed loyal colleagues if you can dare to bring your ingenuity and desire to make an impact youll be exposed to gamechanging diverse projects that truly allow you to play your part in the energy transition.
What we offer:
A key role in a dynamic international working environment with a large degree of flexibility of work agreements
Competitive benefits and great development opportunities including private health insurance.
Additional Information
Relocation Assistance Provided: No
Employment Type
Full-Time
