Project Finance Controller

Job description

3355307
Additional Cities

Dubai
Career Level

Experienced
Relocation Assistance

No
Business

GE Renewable Energy
Business Segment

Renewable Energy Grid Solutions
Function

Finance
Country/Territory

United Arab Emirates
Role Summary/Purpose

The Lead Project Finance Controller has an overall responsibility for project financials post tender phase (reporting, controlling and coordinating); with major focus on transparency and accuracy of project margins and cash. Ensure project accounting is in accordance with Company guidelines; define milestones and liaise with accounting for revenue recognition. Organize project reviews from start to the end of each contract.
Essential Responsibilities

• Have full knowledge of financial movements pertaining to revenue, margin and cash and ensuring this information is consistent, approved and reconciled in the ERP system (consolidate, validate and forecast).
• Prepare project financial summaries (EAS, cash curve, trading and billing plans) for consolidated Project Review, with significant input from Project Manager.
• Consolidate project financials and understand each partner's financial movements.
• Support the PM/PD presenting the financial section during project reviews with the ability to correlate financial status and movements with progress on project.
• Build revenue recognition and billing milestone plans.
• Check, control, challenge and monitor movements in actuals and committed costs: identify and challenge overruns, support root cause analysis, strong interface with PM/PD and relevant teams.
• Ensure that Costs at Completion are aligned with project assumptions and contract with customer as well.
• Provide input on risks, opportunities, and claims valuation.
• Support ITO process with cost estimating to provide valid/accurate cost estimates for the proposed scope
• Review historical performance against proposed budgets to identify risk and opportunities and work with PM to achieve proper cost alignment
• Connect and coordinate with financial interfaces: Finance Partners, Controllership, FP&A, CAS, external auditors; Partner with GE Corporate Audit Staff and Finance Managers for internal GE compliance reviews. Drive closure of open audit issues and proactively work to prevent future issues / manage risk. Lead resulting corrective action process implementation and follow up throughout the organization.
• Understand the financial and commercial content of the contract and drive action to align the project budgets and forecasts accordingly.
• Work closely with financial and operational leadership to pro-actively assess and manage financial risk.
• Identify potential risks & opportunities & and communicate effectively.
• Interpret finance risks & opportunities to local circumstances, contract terms and conditions & present workable solutions.
Qualifications/Requirements

• Bachelor’s degree in accounting, finance, or other business-related field with at least 3 years of progressive accounting or finance OR high school diploma / GED and 5 years accounting or finance experience
• Demonstrated proficiency in U.S. GAAP and local GAAP
• Integrity: accepting and adhering to high moral and ethical values in decisions, communications, actions and when engaging with others
• Fluent English & Arabic (written & spoken).
• UAE National preferred.
Desired Characteristics

• CPA / CA or GE Corporate Audit Staff
• Experience working in a global business environment with sound understanding of global process and transactional flows
• Excellent verbal and written communication skills and the ability to communicate complex business issues in a clear/concise manner
• Strong analytical skills: able to clearly link financial results to operational performance drivers, generate alternatives and drive positive change
• Clear thinking/problem solving: successfully led projects/process improvements within operations/finance functions; able to quickly grasp new ideas
• Adaptable/Flexible: being open to change in response to new information, different or unexpected circumstances, and/or to work in ambiguous situations
• Confidence/Assertiveness: strong influencing skills
• Experience working in a matrix environment
About Us

Grid Solutions equips 90% of power utilities worldwide to bring power reliably and efficiently from the point of generation to end power consumers. With over 200 years combined experience in providing advanced energy solutions, our products and services enable more resilient, efficient and reliable power systems. For more information, visit www.GEGridSolutions.com
Primary Country

United Arab Emirates
Primary State/Province

Dubai
Primary City

Dubai