Gas Power Services Project Accounting Intern
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Job Location:
Kuala Lumpur - Malaysia
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Job Description Summary
GE Vernova is leading a new era of energy by helping to accelerate the path to more reliable affordable and sustainable energy. This internship with GE Vernova Gas Power team will offer a unique opportunity to gain hands-on experience through challenging projects learn from some of the brightest and most innovative minds in the business and network with a variety of professionals.The Gas Power Services Project Accounting Intern will assist to execute all Accounting closing and pacing activities for a given portfolio of projects (by revenue type e.g. Contractual Services Agreement (CSA) & Operational & Maintenance (O&M) Core or Upgrades) to ensure timely and accurate financials. Areas of responsibility include assisting with project set up performing contract margin reviews forecast validation monthly & quarterly closing activities account reconciliation assisting with Stat & Tax audits by providing appropriate data.
Job Description
Roles & Responsibilities:
As the Gas Power Services Project Accounting Intern key responsibilities include:
Financial Execution and Excellence:
- Account for financials of the projects in line with GAAP & STAT policies & standards (e.g. revenue recognition journal entries etc.)
- Review and reconcile periodic balance sheet accounts related to projects & prepare and present monthly balance sheet reviews
- Perform Margin Review calculations to enable ITR Services Finance to work with Project Managers to optimize the performance of the contracts
- Download & prepare SONIC data as part of the forecast process for validation with Operations (CPMs)
- Execute project accounting within ERPs per the global standards set by the business
Operations and Process Problem Solving:
- Maintain strong connection with operations to validate contract data (project cost invoicing) prepare financial output and communicate to Operations team and broader finance community
- Support operations by approving credit notes recording bad debt and bonus/liquidated damages
- Monitor intercompany transactions related to projects & partner with central Internal Billing System (IBS) team to problem solve rejects & holds
- 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.
Lean and Continuous Improvement:
- Possess detailed knowledge of the forecast case to enable Business Unit (BU) Finance in optimizing the case
- Provide internal and external Audit support relating to project accounting activity balance sheet and P&L as needed
Required Qualifications:
- Bachelors in Finance Accounting or Business Administration or equivalent international degree
- Those with previous internship experience in Finance and/or Operations preferred
Desired Characteristics:
- Demonstrated ability to deliver with focus prioritize and perform in a fast-paced environment and respond quickly
- 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
- Competent with MS Office applications
Additional Information
Relocation Assistance Provided: No
Required Experience:
Intern
Key Skills
- Microsoft Office
- Organizational skills
- Growing Experience
- FileMaker
- Microsoft Outlook
- Microsoft Word
- Microsoft Powerpoint
- Research Experience
- Microsoft Excel
- Project Management
- Project Management Software
- Auto Restoration
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.
