I2R Assistant Controller

Job Description SummaryJob description summary
The Assistant Inquiry-to-Receipt Controller will work with a team of Commercial & Technical Controllers on controllership and accounting matters, and will ensure financial oversight, accuracy & compliance with applicable policies. This individual will be a key technical accounting resource to the operations and finance organizations regarding complex financial accounting & reporting matters. This individual will also work closely with the commercial, operations, & finance organizations to analyze commercial arrangements and ensure appropriate application of revenue recognition policies & procedures, in addition to other technical accounting matters. Additionally, this individual will play a key role in monitoring critical accounting processes and executing month and quarter end closing procedures.

Job Description

Roles and responsibilities include but are not limited to:

• Operate as part of the Electrification Commercial & Technical Controllership organization, and support Commercial & Technical Controllership leaders
• Drive accounting matters resolution: identify, analyze, document & conclude on accounting issues
• Perform order booking assessment and documentation to ensure appropriate recognition and reporting of remaining performance obligation (RPO) in accordance with US GAAP and GEV policies
• Collaborate with Inquiry-to-Oder (ITO) and Order-to-Remittance (OTR) teams to advise on accounting implications of contractual terms & conditions, define and document revenue recognition method prior to contract execution, and identify accounting triggering events during life of contract to ensure timely and accurate accounting
• Perform factoring arrangements accounting assessment
• Perform variation orders accounting assessment in accordance with US GAAP and GEV policies
• Review project estimates at completion and participate in project margin reviews (PMR) to ensure accurate cost to complete and risk provision estimates including liquidated damages
• Review/monitor project contingency provisions
• Review contract assets & accounts receivable reserves e.g. CECL/age-based/specific
• Monitor aged projects balances/ project close-out monitoring
• Participate in litigation and claims reviews to ensure appropriate accounting
• Review warranty processes and reserves to ensure appropriate accounting
• Lead senior management reviews and reporting (“big deal reviews”) on remaining performance obligations (RPO), variation orders, project CM variations, claims & liquidated damages
• Maintain effective & efficient partnerships with auditors & other service providers
• Extensive interaction with commercial, operations, financial planning & analysis (FP&A), finance, treasury, and tax functions
• Prepare B/S account analysis & quarterly balance sheet review materials for Financial Reporting Package (FRP) and balance sheet deep dives for owned areas
• Perform or review account reconciliations

Required Qualifications

• BA or BS in finance/accounting from an accredited college or university
• Minimum 5 years’ experience in a controllership role in GE/GEV
• Deep knowledge in PCS’ products, business processes & systems
• Proven acumen in timely identifying accounting risk and driving resolution
• Proven skills in business partnering and driving accounting compliance with key stakeholders e.g. CFO/I2R teams
• Knowledge of US GAAP and GEV accounting policies and procedures
• Proficient use of Microsoft Office (eg. Excel, Word, PowerPoint).

Desired Characteristics

• Deep knowledge of the Electrification business (including products, business processes, and systems)
• Highly analytical with well-developed risk identification and problem-solving skills
• Strong interpersonal and leadership skills
• Strong oral and written communication skills
• Highly collaborative... demonstrated ability to collaborate across all finance structures (shared services, local team, outsourced service providers), but also firm in driving controllership & compliance with stakeholders

Additional Information