Job Description Summary
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:
Job Description
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:
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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