Project Finance Controller

Job Description Summary Become part of a winning team and help to deliver the Green Energy transition.

We have an amazing opportunity for you to join our team.

We're looking for experienced Senior Finance Project Controller to manage the consolidated financials of the complex $1b+ HVDC projects (own unit’s scope / comprehensive project scope) and be the finance business partner to Project Director and other project functions as well to consortium partner. Job Description

Role Summary

The Senior Finance Project Controller reports directly to Region Finance Leader and 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 financials and reporting of the Project in terms of detailed scope and responsibilities as follows:

Cash Flow And Revenue/Margin Management & Controlling

• Accountable for all financials for the Portfolio & projects within with special emphasis on Sales, CM and Cash Flow,
• Have full knowledge of all financial movements with regards to revenue, cost, margin, and cash. Ensure that such information is consistent, approved and reconciled on a regular basis within the ERP systems & related tools,
• Ensure global view of consolidated financials of project, understand each partner's financial movements,
• Along with Project Director, define billing plan. Consolidate and challenge project forecasted trading and billing milestones to ensure consistent consolidated revenue recognition and cash,
• Drive achievement of milestones & ensure proper coordination with consortium partner on project progress to enable timely invoicing,
• Support to manage bonds across portfolio & be responsible for issuance, reduction, recovery and cancellation of bonds and bank guarantees to optimise usage of Company credit lines & cost. Partner with Corporate Treasury on handling of all Bonds T&Cs,
• Manage hedging strategy & forex exposure for portfolio throughout the project life cycle,
• Check, control and monitor movements in Actual and Committed Costs, ask for correction,
• Manage and forecast cash movements monthly. Engage customer as needed & consortium partner to remove all blockages to ensure timely collections,
• Provide input on claim valuation Drive claim management process to ensure project profitability is professionally managed,
• Partner PD to drive cost synergy and cost reduction initiatives across portfolio with the intent of improving project margins,
• Analyze budget deviations trends across portfolio & drive mitigation actions to prevent leakages,
• Provide all necessary support to Project Director on financial issues.
  
  

Process management &Functional coordination.

• 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 the ERP and the approved Project Reviews 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.
• Perform Forex revaluation as well as cooperate with Treasury regarding currency exposure management,
• 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 DoA, are implemented, robust and compliant.
• Manage external and internal audits including audits from customer,
• Partner PD & functions to efficiently manage portfolio Risk... Bonds, Claims, LDs, Tax, cost overruns, Inflation, RAM…
• Be a partner and support Region Finance Leader to drive Projects & process standardization,
  
  

Management reporting

• Oversight Project Reviews. Ensure proper preparation with following documents for the consolidated Project Review, with significant input from Project Director: consolidated EAS sheets, cash curve, forex revaluation when required, trading and billing plans.
• Present financial data, analysis & scenario simulations to Senior Management
• Produce all financial portfolio reporting as relevant & required,
  
  

Qualifications/Requirements

• Bachelor’s Masters, CPA, or equivalent degree in Finance,
• Graduate from GE’s finance Leadership programs,
• Language: English mandatory (fluent speaking and writing),
• Extensive and demonstrated years of experience including in Energy / Power / Transmission business,
• Strong oral and written communication skills,
• Experience in the use of SAP (PS and SD ,
• Excellent interpersonal skills and experience in managing relationships within a complex matrix environment,
  
  

Desired characteristics

• Candidates with relevant HVDC Project & related Finance experience will be preferred,
• Excellent accounting background and operationally inclined in a projects / service industry.
• Humble: respectful, receptive, agile, eager to learn.
• Transparent: shares critical information, speaks with candor, contributes constructively.
• Focused: quick learner, strategically prioritizes work, committed.
• Leadership ability: strong communicator, decision-maker, collaborative.
• Problem solver: analytical-minded, challenges existing processes, critical thinker.
• Integrity: accepting and adhering to high moral, ethical and personal values in decisions, communications, actions and when dealing with others.
  
  

The office location for this position could also be based in Glasgow

Grid Solutions, a GE Vernova business, serves customers globally with over 20,000 employees. We provide power utilities and industries worldwide with equipment, systems and services to bring power reliably and efficiently from the point of generation to end power consumers. Grid Solutions is focused on addressing the challenges of the energy transition by enabling the safe and reliable connection of renewable and distributed energy resources to the grid. We electrify the world with advanced grid technologies and accelerate the energy transition.

About GE Grid Solutions

At GE Grid Solutions we are electrifying the world with advanced grid technologies. As leaders in the energy space our goal is to accelerate the transition for a more energy efficient grid to full fill the needs of tomorrow. With a focus on growth and sustainability GE Grid Solutions plays a pivotable role in integrating Renewables onto the grid to drive to carbon neutral. In Grid Solutions we help enable the transition for a greener more reliable Grid. GE Grid Solutions has the most advanced and comprehensive product and solutions portfolio within the energy sector.

Why We Come To Work

At GE Renewable Energy, our engineers are always up for the challenge - and we’re always driven to find the best solution. Our projects are unique and interesting, and you’ll need to bring a solution-focused, positive approach to each one to do your best. Surrounded by committed, loyal colleagues, if you can dare to bring your ingenuity and desire to make an impact, you’ll be exposed to game-changing, diverse projects that truly allow you to play your part in the energy transition.

What We Offer

A key role in a dynamic, international working environment with a large degree of flexibility of work agreements

Competitive benefits, and great development opportunities - including private health insurance.

Additional Information

Relocation Assistance Provided: No