General Electric Supply Chain Controller in Budapest, Hungary
Job Description Summary
The Supply Chain Controller will be responsible for the controllership oversight, execution, and process improvement of GE Renewable Energy Supply Chain accounting where it is owned by the REN Hub or Genpact teams. This entails providing technical controllership guidance to both finance and operations leaders on Supply Chain topics and adding value to the business by driving standard policy and processes in accounting to facilitate cost savings through increased efficiency, accountability and visibility.
The Supply Chain Controller will be responsible for the delivery model for Supply Chain accounting in the Renewable Energy Hub and Genpact teams including policy, technology and the accounting team that manage the transactional accounting processes.
Supply Chain, for this role, includes the accounting for Fixed Assets, Inventory, Other Assets and Other Liabilities. The Supply Chain controller will drive standard work where these activities are owned by Genpact or the GE Renewable Hub teams and will look for opportunities for increased standardization of the Tier II owned supply chain accounting activities.
The role reports to the Operational Controller.
Supply Chain Controllership
Responsible for the quality and cost of the accounting processes related to Supply Chain accounting in the Renewable Energy Hub and Genpact teams.
Defining the policy and procedures for Supply Chain accounting and then driving actions to align business practices to these standards
Lead the Genpact and GE Renewable Hub teams responsible for Supply Chain accounting and act as key contact for standardization, automation and centralization of Supply Chain accounting in the business.
Support and partner with local Operational and Finance teams across REN by creating regular operating mechanisms to support ongoing supply chain accounting initiatives, ensure accurate accounting and provide timely relevant financial information to leadership.
Drive standardization in all Supply Chain related processes, eliminating activities which are non-value add and create efficiencies by centralizing activities where appropriate or leveraging centralized analytics tools and dashboards where appropriate.
Support monitor & drive simplification and integration projects. Provide leadership on these projects and ensure clear coordination and communication between COE teams and local finance and operational teams
Define process and DOA to standardize appropriation request approval for fixed asset spend across REN
Ensure processes in place to complete PPE Physical Inventory and Asset Tagging in line with GE GAP
Ensure that the balance sheet account reconciliations for Supply Chain are completed within corporate guidelines and maximize auto-reconciliation capabilities where possible.
Partner with sourcing teams to standardize how the business initiates and tracks Fixed Asset purchasing to facilitate tracking of spend by approved AR and simplify CIP management
Define standard mechanism to identify and document fixed asset impairment triggers, by building productive relationships and liaising closely with the accounting team and local Finance and Operational Managers
Lead a quarterly review of Assets under Construction to identify risks and report findings to Tier 2 Controllers
Lead balance sheet reviews related to Supply Chain accounts within REN
Partner with REN Cash teams to support capital allocation controls and to identify and report Fixed Asset related CFA’s
Research and advise on complex technical Fixed Asset and Supply Chain accounting issues preparing Technical Accounting Memos if appropriate in collaboration with the Renewable Energy Technical Accounting Team
Work with Tier II and IT teams to explore opportunities to simplify, automate and standardize Supply Chain related accounting processes, for example leveraging FDL for account recs, centralizing and automating obso calculations, standardizing cost update processes.
Manage process to understand and explain large balance sheet movements in Supply Chain accounts
Ensure fixed asset adjustments related to restructuring projects are booked and communicated appropriately
Perform quality assurance on all documentation.
Ensure compliance with Sarbanes-Oxley 404 requirements and partner with SOX team to define SOX monitoring mechanisms
Support Internal and External USGAAP and Local Statutory audits
Bachelor’s degree and 5 years progressive accounting or finance experience. Qualified ACA/CPA, ACCA or GE Corporate Audit Staff. Demonstrated proficiency in U.S. GAAP and authoritative accounting literature (i.e. FASB pronouncements) Excellent systems skills: Excel, Hyperion and good understanding of standard ERP’s Oracle and SAP Demonstrated strength in analytic skills: able to clearly link financial and operational data to generate positive change and technical skills in manipulating large data sets. Clear thinking/problem solving: successfully led projects/process improvements within operations/finance functions; able to quickly grasp new ideas. Experience leading in a multi-location business environment. Adaptable/Flexible: being open to change in response to new information, different or unexpected circumstances, and/or to work in ambiguous situations. Works collaboratively, respects individuals and cultures. Integrity: accepting and adhering to high moral, ethical, and personal values in decisions, communications, actions and when dealing with others.
Externally focused and able to connect effectively with a broad group of stakeholders.
Experience working in a matrixed environment.
Connects strategy to purpose and communicates in a way that inspires.
Excellent verbal and written communication skills and the ability to communicate complex business issues in a clear/concise manner.
Sound understanding of global process and transactional flows.
Able to generate innovative ideas and make them happen.
Educated on global issues, curious about the world.
Confidence/Assertiveness: strong influencing skills across business functions.
Relocation Assistance Provided: No