Job Description Summary

Join Our Team at GE Vernova Hydro Power!

Are you a finance professional with a proven track record in accounting and controllership? Do you have a passion for leading initiatives in operational accounting, balance sheet preparation, and the closing and reporting process? If so, we want to hear from you!

At GE Vernova Hydro Power, we are seeking talented individuals to join our dynamic team of Controllership professionals. This is your chance to be part of a forward-thinking company that values innovation and excellence.

About our business:

GE Vernova is a planned, purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses of Advanced Research, Consulting Services, and Financial Services.

Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it.

Hydro Power – a major player in the hydroelectricity generation market - is a business division of GE Vernova. Our work includes the designing, manufacturing, and installation of equipment for hydroelectric power plants, as well as servicing and refurbishing existing facilities. Hydro Power’s turbines and generators represent more than 25% of the total installed capacity worldwide, with 4000 employees present in more than 30 countries.

Job Description

Responsibilities for our Controllership positions include:

• Global Financial Reporting: Lead monthly and quarterly closing and reporting processes in collaboration with regional controllers.

• Financial Analysis: Act as the primary contact for balance sheet and P&L edit checks, intercompany discrepancies, and follow-ups.

• Balance Sheet Management: Prepare and present detailed balance sheet analyses and financial closing packages for non-project areas (accounts payable, receivable, other assets, liabilities).

• Template Alignment: Support the alignment of FRP and balance sheet deep dive templates.

• Representation Letter: Prepare the total representation letter.

• Supply Chain Finance: Collaborate with Supply Chain Finance and Buy to Pay Teams on free stock obsolescence, physical inventory, GRNI review, AP debit note reserves, and supplier advances.

• Supply Chain Controllership: Oversee inventory and supply chain finance activities.

• Reserves Management: Manage restructuring, environmental reserves, non-project litigations, equity investments, credit loss reserves, and LLA impairment.

• Process Implementation: Lead the implementation of new processes for R2R, C&B, fixed assets, and intercompany system improvements.

• US GAAP Support: Ensure accurate US GAAP accounting for ledgers in headquarters books.

• Reserves Monitoring: Monitor, account, and report on various reserves (credit loss, AR reserve, inventory).

• AR and Cash Application: Support accounts receivable and cash application processes.

• Transition Coordination: Serve as the key contact for the ongoing transition of the accounting team.

• Day-to-Day Accounting: Coordinate and review daily US GAAP accounting and close activities performed by outsourced teams.

• Account Reconciliation: Lead the preparation and review of balance sheet account reconciliations.

• Lean Initiatives: Drive lean initiatives to reduce MJE, manual payments, company codes, and implement CORA, IC2.

• Audit Support: Provide support during internal and external audits

Required Qualifications:

• Bachelor degree in finance/business/economy

• Advanced level experience in accounting/controllership

• Strong knowledge of US GAAP accounting

• Fluent English communication skills

• Ability work in a multicultural environment

Desired Characteristics:

• Experience in using SAP system

Hiring Location:

• Budapest, Hungary

What Do We Offer?

• Career Growth: Unlock your potential with ample opportunities for career advancement.

• Development Trainings: Enhance your skills with professional and personal development programs.

• A Supportive Team: Join an enthusiastic team led by supportive and inspiring leaders.

• Diverse Environment: Thrive in a multicultural and diverse workplace.

• Modern Infrastructure: Enjoy working in a pleasant and state-of-the-art environment.

• Competitive Compensation: Benefit from a competitive salary package, including comprehensive medical insurance.

• Home Office: Take advantage of our flexible home office options.

• Flexible Hours: Enjoy the freedom of flexible working hours to balance your work and personal life.

Additional Information

Relocation Assistance Provided: No