General Electric Compensation and Benefits Controller in Waukesha, Wisconsin

Role Summary:

The Compensation & Benefits Controller is a newly created role for GE Healthcare. This position will be responsible for various accounting and financial reporting activities as well as other administrative matters related to employee compensation plans including equity-based plans; pension and other postretirement plans; restructuring; and related areas.

Essential Responsibilities:

The role will initially involve establishing accounting and reporting processes as a result of the recently announced spin off of GE Healthcare from General Electric. After the spin-off, the role will be responsible for the ongoing accounting and reporting of incentive/equity-based compensation and other employee benefits. Ideal candidates should have experience in accounting and financial reporting for equity-based compensation and defined pension and post-retirement plans in addition to solid skills in problem solving, verbal and written communication, and working cross functionally in a global organization.

The Compensation & Benefits Controller position will be responsible for the following:

  • Overseeing US GAAP and SEC compliant accounting, financial reporting and disclosures for employee equity-based compensation and other benefit plans; including the related impact on income tax accounting, the calculation of earnings per share, and the presentation of the cash flow statement

  • Ensuring compliance with Section 404 of the Sarbanes-Oxley Act (SOX 404) by maintaining effective internal controls over reporting of employee equity-based compensation and benefit areas. Also, supporting both internal and external audits of related areas.

  • Participating in preparation of SEC filings during the spin off process.

  • Executing monthly or quarterly close processes ensuring timely and complete journal entries, closing schedules and account reconciliations

  • Accounting for stock option exercises, RSU releases and other day-to-day transactions on a timely basis

  • Preparing, implementing, communicating and monitoring compliant policies and procedures

  • Managing relationships with actuaries, treasury, benefits team, and other external advisors

  • Supporting forecasting/budgeting process for employee benefits, retirement plans, pension & post retirement, equity-based compensation and related expenses

  • Managing development of plan assumptions, valuations and forecasting. Understand how service, performance and market conditions will impact timing and manner of expense recognition, exercisability, equity/liability classification, and measurement of fair value.

  • Acting as the subject matter expert. Researching, interpreting and implementing the appropriate US GAAP and SEC accounting for equity-based compensations plans and other benefit programs. Advise leadership on the impacts of new or proposed plans as well as new accounting guidance.

  • Provide accurate and timely reporting to HR, finance, tax, legal, leadership and others. Preparing ad hoc financial analyses and presentations upon request.

  • Identifying and leading process improvement opportunities for compensation accounting.

Qualifications/Requirements:

  • Bachelor’s degree in Accounting or Finance

  • At least 8 years of progressive experience in accounting or finance, with knowledge of equity-based compensation and benefit plan accounting.

  • Demonstrated proficiency in U.S. GAAP/IFRS

  • Experience researching accounting and reporting issues, including interpreting U.S. GAAP and SEC Reporting Rules

  • Strong analytic skills

  • Clear thinking / strong problem solving: grasp new ideas quickly; take initiative to understand root causes of issues and development solutions; able to work independently; manage multiple tasks.

  • Excellent communication skills: experience working across multiple levels (including executive level), functions and regions; able to clearly communicate complex financial information in an easy to understand manner; able to deliver messages effectively verbally and in writing.

  • Integrity: Accepting and adhering to high moral, ethical, and personal values in decisions, communications, actions, and when dealing with others

  • Experience with financial systems/applications (i.e.: Oracle, Hyperion etc.), strong Excel skills

  • You must be willing to submit to a background investigation, including for example, verification of past employment, criminal history, and educational background.

  • You must be willing to take a drug test.

  • You must be legally authorized to work in the United States.

Desired Characteristics:

  • Master’s degree in Accounting or Finance

  • Proficient in accounting for equity-based compensation and pension/postretirement plans

  • Certified Public Accountant or equivalent (i.e. Chartered Accountant)

  • Experience applying SOX requirements

  • Confidence / Assertiveness: strong influencing skills across business functions; confidence to approach business leaders with difficult messages and defend position

  • Experience working in global business environment with sound understanding of global process and transactional flows

  • Demonstrated ability to lead in a team environment and succeed in a matrix environment

  • Adaptable/flexible: being open to change in response to new information, different or unexpected circumstances, and/or to work in ambiguous situations

  • Aware of and comply with the GEHC Quality Manual, Quality Management System, Quality Management Policy, Quality Goals, and applicable laws and regulations as they apply to this job type/position.

  • Complete all planned Quality & Compliance training within the defined deadlines.

  • Identify and report any quality or compliance concerns and take immediate corrective action as required

About Us:

GE is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. Through our people, leadership development, services, technology and scale, GE delivers better outcomes for global customers by speaking the language of industry.

GE offers a great work environment, professional development, challenging careers, and competitive compensation. GE is an Equal Opportunity Employer at http://www.ge.com/sites/default/files/15-000845%20EEO%20combined.pdf . Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

Locations: United States; Illinois, Wisconsin; Waukesha, Chicago

GE will only employ those who are legally authorized to work in the United States for this opening.