I2R Assistant Controller
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Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Job Description Summary
What impact youll makeThe Assistant Inquiry-to-Receipt Controller will work with a team of Commercial & Technical Controllers on controllership and accounting matters and will ensure financial oversight accuracy & compliance with applicable policies. This individual will be a key technical accounting resource to the operations and finance organizations regarding complex financial accounting & reporting matters. This individual will also work closely with the commercial operations & finance organizations to analyze commercial arrangements and ensure appropriate application of revenue recognition policies & procedures in addition to other technical accounting matters. Additionally this individual will play a key role in monitoring critical accounting processes and executing month and quarter end closing procedures.
Job Description
What youll do
Operate as part of the Electrification Commercial & Technical Controllership organization and support Commercial & Technical Controllership leaders
- Perform order booking assessment and documentation to ensure appropriate recognition and reporting of remaining performance obligation (RPO) in accordance with US GAAP and GEV policies
- Define and document revenue recognition method prior to contract execution and identify accounting triggering events during life of contract to ensure timely and accurate accounting
- Perform variation orders accounting assessment in accordance with US GAAP and GEV policies
- Review project estimates at completion and participate in project margin reviews (PMR) to ensure accurate cost to complete and risk provision estimates including liquidated damages
- Review/monitor project contingency provisions
- Review contract assets & accounts receivable reserves e.g. CECL/age-based/specific
- Monitor aged projects balances/ project close-out monitoring
- Review warranty processes and reserves to ensure appropriate accounting
- Review projects margin levelization
- Prepare B/S account analysis & quarterly balance sheet review materials for Financial Reporting Package (FRP) Data Requests ( DRs) and balance sheet deep dives for owned areas
- Perform or review account reconciliations
- Review Inventory estimates and overhead cost per hour (OCPH) e.g. inventory in transit ICP eliminations point-in-time lag tables
What youll bring (Basic Qualifications)
Bachelors degree in finance/accounting from an accredited college or university
- Siginificant experience in a controllership role
- Fluent English knowledge is a must
- Proven acumen in timely identifying accounting risk and driving resolution
- Proven skills in business partnering and driving accounting compliance with key stakeholders e.g. CFO/I2R teams
- Proficient use of Microsoft Office (eg. Excel Word PowerPoint).
What will make you stand out
- Knowledge of US GAAP or GEV accounting policies and procedures
- Knowledge of the Electrification business (including products business processes and systems)
- Hungarian language knowledge is a plus
- Highly analytical with well-developed risk identification and problem-solving skills
- Strong interpersonal and leadership skills
- Strong oral and written communication skills
- Demonstrated ability to collaborate across all finance structures (shared services local team outsourced service providers) but also firm in driving controllership & compliance with stakeholders
- Resilient and quickly adapts to change
Additional Notes:
- 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
Key Skills
- Accounting Software
- Financial Report Writing
- GAAP
- General Ledger Accounting
- Accounting
- Sage
- Microsoft Dynamics Navision
- Account Reconciliation
- SOX
- Microsoft Dynamics GP
- ERP Systems
- NetSuite
About Company
GE Vernova's Asset Performance Management software can help you increase asset reliability, minimize costs and reduce operational risks. View a demo today.
