Project Finance Specialist

Job Description Summary

Job Description Summary

The Project Finance Specialist has overall responsibility for all reporting and controlling requirements of the project, for proper consolidation of Project results and for a comprehensive communication to secure consistent accounting and reporting of the Project in terms of detailed scope and responsibilities as follows:

Job Description

The Project Finance Specialist has responsibility for all reporting and controlling requirements of the project, for proper consolidation of Project results and for a comprehensive communication to secure consistent accounting and reporting of the Project in terms of detailed scope and responsibilities as follows:

Cash Flow and Revenue/Margin management & controlling:

• Responsible for timely and correct booking (Margin as Sold, current as sold, current forecast, internal flow elimination) from order booking to project completion.

• Ensure that project data reporting is in line between ERP and approved Project Reviews in Unifier according to budget deviation approved.

• Prepare and participate in cash sessions: identification of invoicing triggering events, invoice format, steps from invoice generation until payment, preparation of project cash instruction.

• Forex revaluation

• Develop strong relationships and continuous communication flows with all project controllers in Project Participating units to ensure that working assumptions are shared, consistent and reported in a timely manner.

• Implement the controlling tools used within the reporting unit.

• Ensure that all financial processes & instructions and internal controls, including Delegation of Authority (DoA), are implemented, robust and compliant.

• Be a partner and support Finance Leader to drive Projects & process standardization

Management reporting

• Prepare and attend the consolidated Project Reviews. Prepare the following documents for the consolidated Project Review.

• Consolidated cost estimate sheets, cash curve, forex revaluation when required, trading, and billing plans.

• Produce all financial project reporting as requested by the project functions or project related units.

Accountabilities

• Ownership of timely invoicing with documentation and cash collection on the project.

• Accurate, timely production and consolidation of project financial statements, as well as reporting in the ERP /SAP system.

• Transparency and accuracy of project margin

• Coordinate and effectively manage all internal financial interfaces on the project such as participating units,

• Coordinate billing with customer for GE scope as well as consortium partner

Qualifications/Requirements:

• Bachelor's Degree in either Accounting, Finance, or Business from an accredited university

• This role requires 3 days in the Oakbrook Terrace, IL office.

Desired characteristics

• Masters degree in Finance or Accounting

• Minimum of 2 years of project finance experience in the Energy/Power industry

• CPA

• Use of SAP Project System module; ideally 2 + years of experience

• Solid oral and written communication skills

• Excellent interpersonal skills and experience in managing relationships within a complex matrix environment.

• Graduate from GE's finance Leadership programs

• Problem solver: analytical-minded, challenges existing processes, critical thinker