General Electric Grid Solutions Global Tax Operations Leader in Budapest, Hungary
Job Description Summary
Determine and minimize the company's worldwide tax liability with the highest integrity while complying with worldwide tax laws. Interprets simple internal and external business challenges and recommends best practices to improve products, processes or services. Stays informed of industry trends that may influence work.
Grid Solutions enables power utilities and industries worldwide to effectively manage electricity from the point of generation to the point of consumption, helping to maximize the reliability, efficiency and resiliency of the grid. Includes a comprehensive portfolio of equipment, hardware, protection and control, automation and digital services. Grid is also equipped to address the challenges of the energy transition by safely and reliably connecting intermittent renewable energy generation to transmission networks.
Grid solutions is a $4 B business with a global presence serving a diverse customer based across Grid Transmission, Distribution operators as well as Industrial and Power Generation customers to meet their electrification needs.
Global Tax Operations leader will play a critical role to manage tax risks, indirect / direct cash flows, ensuring local compliance given our tax presence in over 120 countries and 160+ legal entities/ branches globally
Roles and Responsibilities
Responsible for quarterly close and reporting activities with respect to GE – Grid Solutions US GAAP financial reporting, including effective tax rate analysis, tax payable rollforwards, deferred tax rollforward and year end disclosure requirements for all entities globally;
Support development and recommendation of tax policy and provides technical advice with respect to areas of assigned responsibilities
Ensures tax compliance deadlines are met by facilitating and coordinating efforts across multiple functions (internal and/or external tax return preparers) and reviewing GE– Grid Solutions business inputs/tax computations for key entities.
Work with tax and finance employees to document and support all significant financial reporting positions taken with respect to income tax accounts (including effective tax rate reconciliations), examine and evaluate all deferred tax balances, leads reconciliation of income tax returns to ledgers, settle quarterly / annual taxes from GE Corporate and perform or monitor reconciliations of ASC 740 income tax accounts in accordance with GE account reconciliation policy
Work with tax and finance employees to forecast taxes for financial planning & analysis purposes and compare actual forecasted quarterly / annual effective tax rates
Collaborate across GE Tax Operations Team to provide training and share best practices.
Coordinate SOX 404 processes and review with respect to tax functions and extends these processes and reviews to serve as integral "real-time" internal audit or tax controllership reviews
Develop new processes, systems, reports and schedules to ensure adequacy and function of all tax compliance programs and initiatives within areas of assigned responsibility
Ensure the implementation/maintenance of Tax Enterprise Standards
Support effective Indirect tax compliance across the business and additional tax related tasks as needed
Bachelor's degree from an accredited university or college in Accounting, Finance or Law
Major experience in taxation or as a tax professional working on multinational clients' tax-related matters or other GE's businesses
Significant experience of US GAAP ASC 740
Fluency in English (both verbal and written)
Technical accounting expertise
Post-graduate degree in finance, accounting, economics, or with significant academic focus on taxation from accredited university or college
Certified Public Accountant certificate or equivalent professional license is preferred
Tax background essential
Ability to evaluate complex proposals and anticipate, identify, and resolve tax-related risks and opportunities
Strong oral and written communication skills
Strong interpersonal and leadership skills
Experience working in a matrix environment
Adaptable/flexible: open to change in response to new information, different or unexpected circumstances, and/or ability to work in ambiguous situations
Integrity: Accepting and adhering to high moral, ethical, and personal values in decisions, communications, actions, and when dealing with others
Relocation Assistance Provided: No