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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:

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