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GE Vernova

Lead Finance Specialist - Project Control

Sānand, India

Job Description Summary

As a member of Finance Team, you will be responsible for driving technical accounting compliance, financial and operational internal controls, process simplification, and operational excellence to deliver accurate actual financial reporting and analysis. Has knowledge of best practices and how own area integrates with others; is aware of the competition and the factors that differentiate them in the market.

Job Description

Roles and Responsibilities

  • The Project Controller is expected to have full knowledge of all financial movements within the project and particularly cash and ensures such information is consistent and reconciled on a regular basis.
  • Invoicing for milestone and progress payments, & support to the Project Director for cash collection.
  • Defining the revenue milestones at project inception and monitoring the same.
  • Check, control and monitor cost movements monthly, using: -

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  • Purchase Order information
  • Time bookings and manpower charts.
  • Recorded costs, and Costs to Complete (including working with the functional personnel on their forecast)
  • Cash management:

    • Timing & management of cash movements.
    • Forecasting of cash movements.
    • Communication and reconciliation with GE partners on flows of cash (including IG balances);
    • An understanding of foreign exchange issues affecting the project and undertaking at least six monthly a full reconciliation of all forex positions on the project (cash in/out) in conjunction with the treasury function.
  • Understand the bonds and guarantees issued to Customer by the project, and pro-actively manage these instruments, through: -

    • Issuing
    • Reduction.
    • Extension/Cancellation
  • Taxes, insurances and duties required, and the effect on the project costs/cash flows (inclusive of the onshore).
  • Provide support for claim compilation and risk assessment.
  • Project internal controls must be implemented and fully compliant, providing support for financial audits by CAS or external auditors
  • Management and reconciliation of project results both within the Project accounts with respect to Balance Sheet positions related to the Project (offshore & onshore).
  • Weekly and monthly reporting of Project KPI for Pacing & management review.
  • Producing all financial project reporting, including:

    • Cash flow forecast templates.
    • Sales recognition schedules.
    • STECO Project Review reports, with appropriate detail to justify committed, expended, and cost to complete.

Required Qualifications

  • This role requires advanced experience in the Finance & Project Control. Knowledge level is comparable to a CA / ICWA / MBA from an accredited university and having at least more than 5 years in Project controlling role .
  • Hands on working experience in SAP environment.
  • Having good command on Excel and any other analytical software.

Desired Characteristics

  • Strong oral and written communication skills. Demonstrated ability to analyze and resolve problems. Ability to document, plan, market, and execute programs. Established project management skills.

Additional Information

Relocation Assistance Provided: No

Client-provided location(s): Sanand, Gujarat 382110, India
Job ID: GE_power-GE11GLOBALR3738561EXTERNALENGLOBAL
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Health Reimbursement Account
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • FSA With Employer Contribution
    • HSA
    • HSA With Employer Contribution
    • Fitness Subsidies
    • On-Site Gym
    • Mental Health Benefits
  • Parental Benefits

    • Adoption Assistance Program
    • Family Support Resources
  • Work Flexibility

    • Flexible Work Hours
    • Remote Work Opportunities
    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Casual Dress
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Unlimited Paid Time Off
    • Paid Holidays
    • Personal/Sick Days
  • Financial and Retirement

    • 401(K)
    • Stock Purchase Program
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
    • Profit Sharing
  • Professional Development

    • Tuition Reimbursement
    • Access to Online Courses
    • Lunch and Learns
    • Leadership Training Program
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)