Tangible & Intangible assets analyst

Reposted 15 Hours Ago
Be an Early Applicant
6 Locations
In-Office
Senior level
Energy • Manufacturing • Solar • Renewable Energy
GE Vernova is accelerating the path to more reliable, affordable, and sustainable energy.
The Role
Lead accounting and controllership activities for tangible and intangible assets and leases, ensuring compliance with ASC 842 and GEV/ES policies. Own process design, KPI monitoring, closing and consolidation procedures, system implementations (SAP, Oracle Cloud), AUC capitalization, reconciliations, reporting, and cross-functional coordination with FP&A, controllership teams, auditors, and outsourced providers to drive process standardization and continuous improvement.
Summary Generated by Built In
Job Description SummaryThe Electrification Tangible & Intangible Assets Analyst will demonstrate accountability, process ownership & execution for the ES compensation Tangible & Intangible assets processes and Leases. This individual will be responsible for supporting technical accounting compliance, financial and operational internal controls, process simplification, and operational excellence to deliver accurate actual financial reporting and analysis. Interprets simple internal and external business challenges and recommends best practices to improve products, processes or services.

Job Description

Roles and Responsibilities

  • Ensure compliance with all relevant GEV and Electrification Segment (ES) accounting policies
  • Develop business process guidelines, policies, and controls, including creating and maintaining closing, consolidation standard processes for ES
  • Support business process strategy & KPI’s, drive daily process management, and monitor KPI's to ensure process health
  • Evaluate service level from outsourced providers; approve any action plans resulting from critical service performance failures
  • Give accounting support and advisory to strategic partner company, centralized accounting team (CoE)
  • Drive communication of business requirements, operational feedback, and escalations
  • Be partner of ES Controllership pillar leaders to drive closing efficiency related to leasing/fixed asset
  • Support new business acquisition, system implementation and related tasks
  • Act as strategic business single point of contact for GE Vernova HQ team and other GEV business, as necessary
  • Lead closing process to solve issues efficiently while analyzing financial information
  • Drive leasing/fixed asset process improvements & standardization in collaboration with relevant Genpact teams
  • Build up a standard reporting method across business lines, and various ERP-s
  • Manage and follow-up the Asset Under Construction (AUC) process, ensuring timely capitalization upon project completion
  • Ensure full compliance with current lease accounting standards (ASC 842)
  • Lead implementation of leasing/fixed asset process & system changes and monitor its efficiency & effectiveness at different systems level (SAP, Costar, Sequentra etc)
  • Challenge process & system deficiencies, drive simplification and continuous improvement
  • Lead monthly, quarterly, and annual closing responsibilities including preparation, analysis, consolidation and commentary of balance sheet, cash flow and supplemental reporting packages (FRP, Balance sheet deep dive, support the preparation of Data request Deep dive) for the related process area
  • Prepare and maintain leasing/fixed asset process flows and related procedures, approve accounting SOPs
  • Drive resolution of unreconciled accounts; review reconciled accounts for compliance with established criteria and overall quality
  • Extensive interaction with peer business teams, including financial planning & analysis (FP&A), technical, & business line controllership teams
  • Maintain effective & efficient partnerships with auditors & other service providers
  • Represent business in steering committee (if applicable)
  • Support Physical inventory, providing various reporting (Fixed Asset register, CIP tracking etc.)

Required Qualifications

  • BA or BS in finance/accounting (or related field) from an accredited college or university
  • Signifant experience in a controllership/accounting role

Desired Characteristics

  • Strong knowledge and experience in the relevant GEV accounting policies
  • Knowledge of the ES businesses (including products, business processes, and systems)
  • Deep SAP expertise specifically in the SAP Finance (FI) module; experience with Oracle Cloud consolidation tools, SAP S/4 Hana expertise is an advantage
  • Knowledge of US GAAP and GE Vernova accounting policies and procedures in the areas of consolidation & reporting
  • Highly analytical with well-developed problem-solving skills
  • Strong oral and written communication skills
  • Highly collaborative
  • Demonstrated ability to collaborate across all finance structures (shared services, local team, outsourced service providers)
  • Resilient
  • Strong interpersonal and leadership skills
  • Experience managing a team
  • Demonstrated ability to lead programs / projects
  • Established project management skills

Additional Information

Relocation Assistance Provided: No

Skills Required

  • BA or BS in finance or accounting
  • Significant experience in a controllership/accounting role
  • Knowledge and experience with lease accounting (ASC 842) and fixed asset processes including Asset Under Construction (AUC) capitalization
  • Deep SAP expertise, specifically SAP Finance (FI) module
  • Experience with Oracle Cloud consolidation tools
  • SAP S/4HANA experience
  • Knowledge of US GAAP and GE Vernova accounting policies for consolidation and reporting
  • Experience managing a team and leading programs/projects
  • Established project management skills and strong analytical, communication, and collaboration abilities

GE Vernova Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about GE Vernova and has not been reviewed or approved by GE Vernova.

  • Retirement Support The 401(k) plan includes company matching contributions and additional company retirement contributions, with access to Fidelity resources and financial planning consultants. Feedback suggests this structure supports long-term savings beyond a basic match.
  • Parental & Family Support Paid parental leave is available with flexible, continuous or non-continuous usage, and is complemented by adoption resources and Work/Life Connections guidance. Maternity leave is described as extended relative to typical workplace norms.
  • Leave & Time Off Breadth Time-off programs include 12 paid holidays, permissive time off for many salaried roles, and dedicated personal, illness, and caregiving time for U.S. new hires. Some hourly roles start with a defined PTO bank, while other roles may offer unlimited time off.

GE Vernova Insights

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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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