Lead Finance Specialist - Engineering Operations

Job Description Summary

The main responsibilities for this role include:

Controlling, reporting, and budgeting for Global Engineering Finance (~$80M budget)

Supporting Project Engineering Manager with engineering budget set-up and reporting for - Asia Large/ Service Projects

Leading the monthly and quarterly closings:

• In charge of the total engineering payroll analysis (engineering staff accounting for 30% of total GE Vernova Hydro Power, and spread across 10 different countries), and of the sub-contracting and travels budgets management
• Responsible for the monthly liquidation of engineering hours to projects
• Led the monthly analysis of the R&D programs expenses
• Monitored the intercompany billings for engineering

Conducting the monthly under-recovery analysis and the reporting to the worldwide CFO and CEO of GE Vernova Hydro Power

Piloting the calculation of the annual engineering hourly rates for each country and the definition of the annual budgets of each of my scopes

Supporting the monthly follow-up of engineering project budgets, and supervising the quarterly performance reporting.

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

Roles and Responsibilities:

Controlling:

Ensuring the correct allocation of costs for the following costs buckets: Liquidation, C&B, External expenses, training, facilities, depreciation, purchase services, Funding.

Reviewing the nature of the costs, the function of the costs, and the category of the costs (BVP)

Driving the corrections through other team members (inside and outside Engineering finance team)

Proactively highlighting issues to FP&A/base costs/finance management to ensure collective resolution, avoiding waste of time and disconnects.

Performing monthly update on Risk & Opportunities for the quarter landing to FP&A teams

Participating in the monthly project review with Engineering staff (COE & Engineering management), proactively highlighting issues and pushing for resolution

Preparing and presenting the monthly reporting of Variable cost pacing to engineering & finance management

Engineering projects 606 monthly pacing:

Implementing the needed adjustments in Gridfusion & model test cost to complete for ASIA & EMEA Service projects

Supporting engineers/Project Manager Engineering to respect the commitments on the quarter budgets

Ensuring that Storms is updated timely by Project Manager Engineering /COE leaders and reflects the best estimate

Audit:

• Addressing audit requests on project costs Solving any other ad hoc requests related to audit

Continuous improvement:

Supporting/leading/proposing improvements on financial information systems:

Gridfusion/PMX/KEOPS/Storms

Providing resolution in Gridfusion issues

Ensuring that processes are always followed by team members and provide guidelines

Required Qualifications:

University or College degree in Finance/Business/Economy/Accounting

5 to 7 years of relevant work experience in projects and financial planning (FP&A)

Experience in working with Engineering Finance

Experience in budgeting, reporting, monthly/ quarterly closings, and project reviews

Experience on big projects (preferably engineering)

Strong communication and presentation skills

Flexibility to work in the European time zone

What Do We Offer?

Career growth opportunity

Professional and personal development trainings

Enthusiastic team with supportive leaders

Multicultural and diverse environment

A pleasant and modern work infrastructure

Competitive salary with benefits

Home office opportunity

Flexible working hours

Inclusion & Diversity:

At GE Vernova, we believe in the value of your unique identity, background, and experiences. We are committed to fostering an inclusive culture, where everyone feels empowered to do their best work because they feel accepted, respected and that they belong.

Additional Information

Relocation Assistance Provided: Yes