Treasury Transaction Service Analyst - Banking Relations
Algiers, الجزائر Accounting / Management control
Job description
Job Description Summary
The role, Treasury Transaction Services– Bank Relations, is a member of the Treasury team of GE Vernova HQ. Treasury is responsible for GE Vernova’s activities within Financial Reporting and Risk, Exposure Management, Trade Finance, Corporate Finance, Business Treasury, Insurance and Transaction Services.This role reports to the Senior Manager – Banking Services
The Treasury Analyst – Banking Relations will be responsible for managing and operationalizing bank accounts for the GE Vernova businesses. This includes actioning requests to open, close & modify bank accounts, KYC processes, managing online banking portals, analyzing bank fees, and coordinating with external banking partners.
This position will work closely with GE Vernova functional teams (legal, tax, risk/controls, etc.), External Banks & other Counterparties as required.
Position requires working hours to align with supported regions and US
English, French and Arabic language skills required
Job Description
Roles and Responsibilities
- Responsible for opening, modifying, and closing bank accounts in partnership with legal, tax and GE Vernova businesses globally, though centered on META region, will support Europe, Asia, & SSA and global team as need arises
- Coordinate w/ tax & legal teams on Know Your Customer (KYC) documentation
- Manage online bank platform system/user access
- Ensure bank accounts are setup and operational as needed by the businesses
- Update bank/counterparty related static data as needed to ensure bank accounts are fully ready-to-use across the GE Vernova landscape
- Visit banks as needed to facilitate transactions services activities
- Analyze bank fees; reconcile fees against bank price books
- Bank account signer and signing authority documentation actions, analysis and support
- Periodically review existing bank account landscape; identify dormant accounts, support audit requests and support FBAR as needed
- Establish regular rhythm of communication and engagement at appropriate business levels; provide status of pending requests and gather feedback
- Responsible for generating key process metrics for senior management
- Assist in documenting procedures and SOPs required for bank account management and online bank platforms
- Responsible for strict adherence to defined processes and escalation procedures
- Ensure all proper controls / SOPs are being followed to ensure accuracy of bank data
- Serve as contact point with bank for service issues
- Actively seek out improvement opportunities within GE Vernova Treasury Transactions Services org and drive LEAN initiatives to increase project efficiency
- Work on key projects allocated to the team from time to time
- Support treasury objectives relating to any M&A and other portfolio actions as well as Industry Initiatives as needed
- Responsible for bringing about / accelerating process improvements
Required Qualifications
- Bachelors degree or equivalent in Finance or Business
- 3+ years of Treasury related experience
- Good Fluent written and verbal English and Arabic, French is a plus
- Strong problem solving
- Strong knowledge of MS Office (strong excel skills)
- Excellent English communication both verbal and in writing
- Strong organizational skills
Desired Characteristics
- Broad understanding of banking networks, payment systems, collections, disbursements, FX, pooling/concentration.
- Customer focused balanced by Internal Controls and/or Controllership related mindset
- Prior experience working in banking administration, online bank portals, bank fees, etc.
- Strong analytical, problem solving and data management skills
- Positive attitude with a desire to learn and embrace the LEAN methodology
- Lean, problem solving experience
Additional Information
Relocation Assistance Provided: No