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.
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
Relocation Assistance Provided: No
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