Senior Project Accounting Controller – Hydro Power

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Budapest
In-Office
Energy • Manufacturing • Solar • Renewable Energy
GE Vernova is accelerating the path to more reliable, affordable, and sustainable energy.
The Role
Job Description SummaryLooking to make a global impact and solve problems?
Through relentless innovation and continuous collaboration with our customers, GE Vernova, is providing more advanced, cleaner, and efficient power that people depend on today and building the energy technologies of the future.   
What impact you'll make?
The Senior Project Accounting Controller will be responsible for providing technical and operational accounting guidance to the Power businesses, focusing on project revenue recognition policies, processes, and controls. The role will report to the Steam, Hydro & Nuclear Commercial & Projects Controller and primarily support the Hydro Power business and operational finance teams. 

Job Description

What you’ll do 

  • Provide ongoing US GAAP technical and operational accounting guidance to the Hydro Power business unit and project finance teams. 

  • Partner with project and commercial teams to evaluate contract terms and conditions and provide strategic support on accounting implications for significant and unusual transactions. 

  • Support accounting policy updates and provide regular business training.

  • Perform technical accounting assessments on various project accounting matters such as contract commercial terms, revenue recognition, change orders, claims and customer concessions.

  • Research authoritative guidance and lead technical accounting memo documentation and related consultations. 

  • Participate in regular operating reviews with Segment Controller, providing status updates process improvement initiatives, watchlist items and significant accounting matters. 

  • Manage the review and documentation for key revenue recognition controls such as the quarterly Big Deal Review and New Order Review. 

  • Ensure SOX key project accounting control compliance. 

  • Review project level financial statements to identify unusual balances and significant exposure to ensure compliance and appropriate disclosures. Present analysis to business CFO. 

  • Assist Global Technical Controllership team with various other related activities such as process improvement initiatives, warranty, quality programs, and financial reporting deep dive analysis. 

  • Manage related internal and external audit requests and observations. 

  • Perform monthly and quarterly close analytics, commentary, and disclosures. 

  • Manage related internal and external audit requests and observations. 

  • Other ad-hoc projects and responsibilities as required by GEV Power Controllership. 

 

What you’ll bring (Basic Qualifications)  

  • Bachelor's Degree in accounting from an accredited university or college 

  • Major years GEV (or equivalent) Finance / Controllership experience 

  • Strong knowledge of GEV systems, closing and reporting processes 

  • Fluent English knowledge is essential 

What will make you stand out 

  • Public accounting experience and CPA preferred 

  • Expertise and experience with Sarbanes Oxley controls 

  • Ability to work effectively with all levels of leadership 

  • Deliver clear concise messages both verbally and in writing 

  • Strong influencing skills 

  • Strong interpersonal and leadership skills

  • Established project management and organizational abilities 

  • Adaptable/flexible; open to change in response to new information and ambiguous situations 

 

Additional Notes: 

  • Flexible whether remote or office or hybrid  

 

Benefits Available to You  

GEV employees rise to the challenge of building a world that works. In order to meet this mission, we provide varied, competitive benefits to help support our workforce: Our Culture | GE Vernova (gecareers.com) 

 

  • Our compensation & benefits are designed to help you manage your personal and family needs, while rewarding high performers. We offer a robust benefits package depending on your employment status and your national requirements.  

  • A healthy, balanced lifestyle can mean different things to different people. We've created programs that support the way you live and work today.  

  • GE invests to provide opportunities to grow your career by providing a path for continued on-the-job learning and development.  

 

Inclusion & Diversity 

At GEV, we believe in the value of your unique identity, background and experiences. We are committed to fostering an inclusive culture, where everyone feels empowered to do their best work because they feel accepted, respected and that they belong. Click here to learn more: https://jobs.gecareers.com/vernova/global/en/i-d-e 

 

About GEV Power 

GEV Power engineers cleaner, more accessible energy that people depend on, powering growth and prosperity for people everywhere. Our leading technologies produce a third of the world’s electricity thanks to our talented people, who make gas work for our customers, stakeholders and the world. Through relentless innovation and continuous partnership with our customers, we are building the energy technologies of the future and providing the cleaner, more efficient power people depend on today.  

Additional Information

Relocation Assistance Provided: No

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The Company
HQ: , Cambridge, MA
75,000 Employees
Year Founded: 2024

What We Do

GE Vernova is a planned purpose-built company on a mission to electrify the planet while simultaneously working to decarbonize it.

If we want our energy future to be different…we must be different.

Our mission is embedded in our name. We retain our treasured legacy, “GE,” in our name as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy that GE Vernova will help deliver.

GE Vernova brings together GE’s portfolio of energy businesses including Power, Wind, Electrification and Digital businesses. With focus, GE Vernova is accelerating the path to more reliable, affordable, and sustainable energy, while helping our customers power economies and deliver the electricity that is vital to health, safety, security, and improved quality of life.

Together, we have The Energy to Change the World.

Why Work With Us

Join our team, to evolve and grow, surrounded by some of the brightest minds in the industry who help you get better every day. You’ll get the chance to rewrite the rules, work on cutting-edge technology, and be part of a global team for positive change.

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