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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?

Additional Information

Relocation Assistance Provided: No