Offers “General Electric”

10 days agoGeneral Electric

Finance Manager - Statutory

  • Bucharest, ROMANIA
  • Accounting / Management control

Job description

Job Description Summary

Chief Accountant on STAT and TAX area.
The Gas Power Finance team in Bucharest, Romania provides a range of finance support activities for 2 local entities: General Electric Global Services (GEGS), FieldCore and partially for a 3rd local entity – GE Vernova Int., which include preparation and filing of statutory financial statements, fulfilling additional local reporting responsibilities, such as statistical reporting, National Bank reporting and various tax-compliance tasks (including VAT, CIT, WHT), as well as legal entity governance obligations in accordance with the principles of the Romanian Accounting Regulations and Fiscal Laws.
This involves leading a small local team.
Reports to Senior Finance Staff Manager.
Fixed term contract of about 1.5 years (maternity replacement).

Job Description

STAT (and USGAAP) accounting records:

  • Holding the Chief Accountant role for the legal entity – mandatory according to Accounting Law 82 /1991 for 2 entities: GEGS and FieldCore
  • Responsible for a proper STAT bookkeeping (separate system) and reconciliations (validate entries, perform needed reclasses and adjustments in accordance with STAT Chart of Accounts) based on valid documentation which is compliant with local STAT and TAX legislation & GE internal requirements
  • Reconcile ICO, AR and AP transactions and validate supporting documents for STAT & TAX compliance purposes
  • Work closely with Strategic partners (Accenture / Genpact, 4Q etc.) and business team who are in charge with USGAAP reporting, Buy to Pay activities etc.
  • Support with fixed assets/ work in progress reconciliations including assistance with physical stock counts
  • Supervise inventory accounting for STAT, including organizing physical stock counts
  • Performing year-end statutory closing activities (accruals, cost liquidations, P&L and BS review including STAT accounts reconciliation)
  • Support periodic audits from STAT auditors including PBC deliverables and preparation of STAT financials
  • Supporting financial statement approval and filing
  • Prepare GAAP to STAT reconciliation
  • Overseeing correctness of statistical, NBP, Intrastat and similar reporting
  • Support for various projects related to STAT & TAX reporting area
  • Assess processes and evaluate/ensure compliance and controls associated with accounting, reporting
  • Influence the design of financial processes to minimize risk of material misstatements and maximize efficiency
  • Anticipation, assessment and managing the impact of external regulatory and internal changes as well as leading special projects to enhance business compliance and controllership
  • Archive the documents to ensure full safeguards around company records

Taxation and fillings:

  • Prepare or review tax and related returns, proper and timely calculation, submission and settlement of liabilities to the state budget as per tax regulations (VAT, Corporate Income Tax, WHT)
  • In charge with eInvoicing and SAF-T reporting
  • Coordinate and review VAT filings, internal VAT settlements
  • Prepare STAT to TAX and RTA walks including tax accounts reconciliation for USGAAP purposes
  • Provide information on TP files preparation
  • Initiate tax and other urgent payments workflows where applicable
  • Maintains professional relations with local authorities, support for periodic audits from tax authorities including tax appeals, meetings with tax authorities

Business and Stewardship support:

  • Coordinate issuance of sales invoices accordingly to business requests and reviewing back-up documentation from accounting and tax perspective to ensure compliance, including E-invoicing.
  • Coordination of local mailroom for accounts payables and archiving of invoices, mandatory as per local legislation.
  • Provide STAT & TAX input on systems implementation (e.g. Oracle Echo, SAP PMX, Oracle Alpha Uplift)
  • Support local mandatory internal audits (risk assessments, agree audit mission, PBC delivery, corrective actions)
  • Treasury activities related to cash repatriation actions including cash forecasts
  • Ensuring proactive, effective cooperation with a wide group of stakeholders (business partners, controllership, auditors, accounting, tax services providers, etc.)

Key Performance Indicators

  • Minimal audit breaches on STAT and TAX compliance
  • Accurate, timely & compliant STAT & TAX financial records & reporting
  • STAT Account reconciliations – focus on timely & qualitative work, limited number of open items
  • Stakeholders’ feedback

Additional Information

Relocation Assistance Provided: No

Make every future a success.
  • Job directory
  • Business directory