Website GE Power
Role Summary:
GE Power Services is a P&L, combining the legacy GE Power Generation Services, Thermal Services & GE Distributed Power Services, in a region with $2B worth of order and revenue.
This role reports to the Senior Finance Manager of Power Service. The Lead FP&A Operations Manager will work closely with the country operations team in driving sound business strategies and delivering towards the growth and financial commitments for Power Services in APAC.
Essential Responsibilities:
- Manage financial accounting of Long Term Service Agreements (LTSA) such as CSA & transactional services contracts.
- Conduct transactional order review, costing analysis and related billing.
- Ensure revenue recognition, cash, billing and AR deliverables are compliant with financial regulations.
- Lead the closing processes and perform accounts reconciliation including preparation necessary documentation and explanations.
- Oversee project billing and cash collection.
- Support FP&A in data requests for cash & factoring opportunities
- Develop & drive quarterly estimates/pacing, operating plans, forecasts, reviews, reports (US GAAP) & Blueprints;
- Partner with operation leaders to review estimates, milestones, drive opportunities and mitigate risks, as well as recommending actions
- Articulate commercial & financial risks and opportunities within portfolio, develop and assist FP&A to prepare annual Blueprint, Operating Plans and quarterly estimates.
- Actively participate in contract handover reviews from ITO to OTR (i.e. T&C clarifications, Management Entity setup, payment security, hedging evaluation, etc.)
- Lead process improvements and drive simplification projects.
- Leverage tax, commercial finance and train contract managers as applicable.
- Drive controllership compliance and ensure appropriate reporting principles, policies & metrics are being followed.
- Support internal and external audits related to revenue recognition and project related balances
- Lead the transition of legacy processes to the new PS processes
- Lead statutory and tax reporting requirements
Qualifications/Requirements:
- Bachelor’s degree in Accounting or Finance
- Minimum 2-3 years of finance operations experience
Desired Characteristics:
- Able to anticipate, identify, and resolve complex financial issues
- Demonstrate teamwork, interpersonal and leadership skills
- Ability to work under tight deadlines and to prioritize under pressure
- Strategic thinker with the ability to create and execute concrete action plan
- Strong analytical, project management, and organizational skills
- Embraces process changes and thrive in ambiguous situations
- Fluent oral and written communication skills
- PC proficiency and experience in ERP platform such as Oracle or SAP
- Finance background (FMP/CAS) or equivalent
About Us:
GE (NYSE:GE) drives the world forward by tackling its biggest challenges. By combining world-class engineering with software and analytics, GE helps the world work more efficiently, reliably, and safely. GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GE’s mission and deliver for our customers. www.ge.com
Additional Locations:
Australia;North Sydney;