Job Information
General Electric Intercompany Settlement Leader in Budapest, Hungary
Job Description Summary
As a Intercompany Settlement Leader you will be responsible for driving technical accounting compliance, financial and operational internal controls, process simplification, and operational excellence to deliver accurate actual financial reporting and analysis. This role will require you to have extensive knowledge of the best practices and how own area integrates with others. This scope is responsible for closing intercompany invoices on timely basis and intercompany liquidation globally.
Job Description
Who We Are?
At Steam Power we are used to change and have been continuously adapting to respond to the many factors shaping our industry. Change is how we keep pace with the world around us and ensure our long-term sustainability. To achieve this requires us adopting a strong services mindset that becomes the very DNA of Steam Power. As a result, we have become more of a services organization.
We believe our success in large part will depend on us being as diverse of a team as our customers and regardless of our role, every one of us can contribute to making Steam Power the service provider of choice by customers around the globe.
Roles and Responsibilities
Responsible for Steam Power (SP) Intercompany liquidation globally (collection and outgoing payments included)
Ensure timely closing of intercompany invoices
Ownership and clear understanding of Intracompany cash movements (composition and movements) on monthly and quarterly basis
Partner with IT and transformation to complete Netting Center deployments across Steam Power
Run day-to-day Netting Center operation: including but not limited to extract, analyses , unblocking items and execution F110 transaction, manage Hedging where applicable, manage bank clearing
Define and Drive performance reviews on outsourced activities with Service Providers – KPI-s, metrics, and control
Review and approve SP related manual payments and act as gate keeper to guarantee business asset’s efficient usage
Partner with multiple business functions to ensure business continuity in terms of settlement processes
Drive reduction in aged unapplied cash items
Lead process fix and improvement initiatives regarding Intercompany cash settlements – especially, but not limited to restricted currency countries cash movements
Ensure timely and accurate input for dedicated area on BS reviews and FRP reviews
Maintain strong partnerships with multiple stakeholders across functions, within and outside of business
Roll-out ‘best in class’ processes across the business
Implement business ops strategy to day to day operation
Co-ordination and review of complex transactions and confirmation of the accounting treatment
Understand GE Policies and ensure that all accounting processes are in line with GE regulations and principles, and confidentiality is respected in data handling when working with personal data and/or sensitive data
Required Qualifications
Bachelor’s degree in Finance from an accredited university or college
Minimum 3 to 5 years experience in a similar position
Excellent communication skills
Fluency in written and spoken English
Desired Characteristics
Multitasking, ability to prioritize according to the business long term strategy
Strategical thinking
Strong interpersonal and leadership skills
Strong financial reporting skills
Strong analytical skills
Proactivity, seeking for solutions to push the business forward
"Can Do" attitude
About Steam Power:
At GE Steam Power, our systems help electrify the world and we are committed to building a more sustainable world for everyone. We aspire to be an inclusive employer, focused on creating a work environment where diversity is encouraged. Join us to see what we can achieve together!
Want to know more about us? https://jobs.gecareers.com/power/global/en/ge-steam-power
Additional Information
Relocation Assistance Provided: No