Job description

Job Description Summary

Job Description

Role / Job Description:

The Senior Finance Project Controller has the overall responsibility for all financial reporting and controlling requirements of the project under their coverage, for proper consolidation of Project results and for a comprehensive engagement with relevant stakeholders. Roles and responsibilities include:

Cash Flow and Revenue/Margin management & controlling:

• Accountable for all financials for the Portfolio & projects with special emphasis on Sales, CM, billing and project 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 and understand each partner's financial movements.
• Along with Project Director, define billing plan and trading plan for the portfolio. 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.
• Manage Bond across portfolio & be responsible for issuance, reduction, recovery and cancellation of bonds/ bank guarantees to optimize usage of Company credit lines & cost. Partner with Corporate Treasury on handling of all Bonds T&Cs
• Manage hedging strategy & Fx exposure for portfolio throughout the project life cycle
• Check, control and monitor movements in Actual and Committed Costs for all GSI WBSs, ask for/ perform corrections when necessary.
• Manage and forecast cash movements monthly. Engage customer as needed & consortium partner (where relevant) 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 with 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

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. Potentially to also support Commercial Finance and ITO team by sharing relevant lessons learned in execution on Finance side for tender preparation.
• 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 with Project Director & 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

Team management:

Senior Finance Project Controller will be responsible for Lead Finance Project Controller(s) working on this portfolio to provide leadership/mentoring/ad hoc support as well as manage their workload.

Qualifications/Requirements:

• Bachelors, Masters, CPA, or equivalent degree in Finance
• Strong accounting background and operationally inclined in a complex EPC projects/service industry
• Significant finance experience including in Energy/Power/Transmission business
• Language: English mandatory (fluent speaking and writing), other major European languages will be a plus
• 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
• Graduate from GE’s Finance Leadership programs
• 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

Additional Information