Job Description Summary

The Project Finance Controller 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

Responsibilities

Cash Flow and Revenue/Margin management & controlling:

• Accountable for all financials of the project
• Partner with Project Director & Team to help deliver project on time while maximizing project profitability
• Have full ownership of all financial movements with regards to revenue, margin, and cash. Ensure that such information is consistent, approved and reconciled on a regular basis in ERP systems.
• Have oversight on all matters related or impacted by the project including but not limited to Taxes (VAT/CIT), Banking regulations, Transfer Pricing, Policy compliance & others
• Ensure global view of consolidated financials of the project, understand each supplying partner's financial movements.
• In Partnership with Project Director & other project functions, define revenue recognition (trading) plan, Challenge, and forecast trading and billing milestones to ensure consistent consolidated revenue recognition and cash.
• Own Invoicing to Collection process
• Timely support issuance, maintenance, reduction, recovery and cancellation of bonds and bank guarantees to be issued to customer.
• Ensure accurate foreign exchange coverage throughout the project life. Take necessary hedges to proactively protect against adverse impact of Fx fluctuation on project financials
• Check, control and monitor movements in Actual and Committed Costs, ask for corrections when necessary
• Manage and forecast cash movements monthly. Track cash-in overdue status, give alert and ensure follow-up action plan is taking place. Monitor cash disbursements to control project cash flow, supplier credits & policy compliance
• Track project performance including quality, claim management, insurance to have a clear understanding of all Risks & opportunities & accordingly drive improvement in project financials
• Provide all necessary support to Project Director on financial issues.

Process management & people coordination

• 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 DoA, are implemented, robust and compliant.
• Be a partner and support GI OTR 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, with significant input from Project Director: consolidated EAS sheets (via KEOPS), cash curve, forex revaluation when required, trading, and billing plans.
• Present financial data to Senior Leadership
• 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 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

• Bachelors & any degree... Masters, CPA, or equivalent degree in Finance
• Graduate from GE’s finance Leadership programs
• Language: German & English mandatory (fluent speaking and writing)
• Experience in handling HVDC/Turnkey projects
• 8+ finance experience including in Energy/Power business
• Strong oral and written communication skills
• Experience in the use of SAP
• Excellent interpersonal skills and experience in managing relationships within a complex matrix environment.

Desired Characteristics

• Strong accounting background and operationally inclined in a projects/service industry
• Humble: respectful, receptive, agile, eager to learn
• Transparent: shares critical information, speaks with candor, contributes constructively
• Focused: quick learner, strategically prioritizes work, committed
• Leadership ability: strong communicator, decision-maker, collaborative
• Problem solver: analytical-minded, challenges existing processes, critical thinker
• Integrity: accepting and adhering to high moral, ethical and personal values in decisions, communications, actions and when dealing with others

Additional Information