Project Finance Specialist

Job Description Summary
The Project Finance Specialist 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:

The Project Finance Specialist has 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:

  • 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 ERP and 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.
  • Forex revaluation
  •  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 Delegation of Authority (DoA), are implemented, robust and compliant.
  •  Be a partner and support Finance Leader to drive Projects & process standardization

Management reporting:

  • Prepare and attend the consolidated Project Reviews. Prepare the following documents for the consolidated Project Review.
  • Consolidated cost estimate sheets, cash curve, forex revaluation when required, 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 /SAP system.
  • Transparency and accuracy of project margin
  •  Coordinate and effectively manage all internal financial interfaces on the project such as participating units,
  • Coordinate billing with customer for GE scope as well as consortium partner

Qualifications/Requirements:

  • Bachelor’s Degree in either Accounting, Finance, or Business from an accredited university
  • This role requires 3 days in the Oakbrook Terrace, IL office.

Desired characteristics 

  • Masters degree in Finance or Accounting
  • Minimum of 2 years of project finance experience in the Energy/Power industry
  • CPA
  • Use of SAP Project System module; ideally 2 + years of experience
  • Solid oral and written communication skills
  • Excellent interpersonal skills and experience in managing relationships within a complex matrix environment.
  • Graduate from GE’s finance Leadership programs
  • Problem solver: analytical-minded, challenges existing processes, critical thinker

Por favor, para solicitar este trabajo visita jobs.gecareers.com.