Accounting and Statutory Financials Manager PCS SEMEA

Job Description Summary

GE Power Conversion & Storage's operations in France cover three sites in the country and have oversight on operations in Northern/Southern Europe, Middle East, Africa and Turkey, as well as a joint venture based in Singapore. Turnover for the French entity alone is approximatively $400 million, with operations in the wider SEMEA Region bringing the total revenue figure to more than $445 million, and a perimeter representing approximately 1,000 employees (~900 in France and ~100 internationally). This is the largest Region of the GE Power Conversion & Storage Business, representing ~35% of the business in terms of volume. Commercially, the main differentiator is GE's ability to propose engineered systems that leverage expertise in motors medium-voltage drives and automation & controls. Since the turnaround of 2019, GE Vernova, Power Conversion has been very successful and is an attractive complex business with international scope across both mature and emerging markets.

• Responsible for the accounting activities under local and U.S GAAP, as well as, to ensure all statutory regulatory filings and group reporting are completed timely, efficiently and in compliance with the country regulatory, group requirements and accounting policies. This includes Branches and Management Entities located in Europe, Middle East, Africa and Turkey.
• The role operates with some autonomy and is focused on execution of activities/provision of advice within an enabling discipline covered by standard functional practices and procedures. Activities require professional judgment and may require more senior levels of guidance. The role requires strong proven interpersonal skills.
• The role requires to utilize technical expertise and judgement to solve problems, to leverage technical skills and analytic thinking to solve problems.

• Manage from A to Z and validate statutory financial fillings and associated reporting for legal entities located in Middle East and Africa.
• Manage and coordinate with Tax Managers all tax filings associated with legal entities and oversea the tax filing associated to the Management Entities.
• Liaise and coordinate activities with external CPA, Tax Managers, external and internal auditors as well as legal counsel.
• Drive closure of open audit issues and proactively work to prevent future issues.
• Prepare, perform and present financial reporting analyses to Regional Financial Controller on a quarterly basis.
• Provide support with local regulations and external governmental agency audits.

• Ensure accounting records are maintained in timely, accurate and complete fashion.
• Apply consistent and effective accounting and internal control policies and procedures during monthly and quarterly close process including account reconciliations, adjusting entries and ensure that these are completed on time and to corporate standards.
• Support commercial and operations leaders/teams to understand financial/accounting implications of transactions and other matters by providing technical accounting guidance.
• Liaise and coordinate on a weekly basis with Project Managers and other operational team members projects activities reviews in order to book accounting entries to reflect the progress made on project and recognize costs and revenue in accordance to U.S. GAAP.
• Manage FX remeasurement and associated accounting bookings.
• Manage intercompany transactions and associated accounting bookings (e.g. A/R, AP, costs recharges).
• Manage the Account Payables and Receivables accounting entries.
• Manage and report aged A/R and the application of bad debt reserve accounting policy.
• Manage and report aged balance sheet positions (e.g. deferred charges, VAT positions, etc.)
• Coordinate with the cash application team to ensure accurate and on time cash application and manage related Affiliate Current Account accounting entries.
• Perform financial analysis of balance sheet accounts to ensure compliance, integrity of account balances/financial reporting and effectiveness of business processes.
• Lead quarterly balance sheet reviews and monthly controllership reviews to the Regional and Global Financial Controller.
• Apply appropriate financial process routines & controls, as required.

• In-depth understanding of accounting processes and policies.
• Play a key role in ensuring the continuity of the financial operations by writing and improving processes documentation and ensuring a backup is always in place
• Lead processes simplifications and improvements (identification of issues, root cause analysis, action plan development and implementation).
• Be a key player in managing upcoming transformations activities (e.g. IT, financial positions transferring from one management entity to another, Branches creation).
• Lead resulting corrective action process implementation and follow up throughout the organization.

• Work closely with Commercial and Financial Controller to pro-actively assess and manage financial risks.
• Conclude thorough financial exposure analysis for the entity through a Balance Sheet review and other detective operating mechanisms.
• Ensure foreign exchange and tax risks are identified and managed in a timely fashion.

• An Accounting Master degree from an accredited university or college is required for this position
• An Accounting Certification such as CPA, ACCA, ACA or others.
• 7 years minimum of auditing or accounting experience in a fast-paced environment. Big 4 experience or audit experience with a renowned audit/accounting firm at a Manager or Senior Manager level is a must.
• Strong experience with management of statutory audit filings.
• Strong experience in accounting under U.S. GAAP or IFRS.
• Strong accounting operations experience.
• Experience with long term contracts / projects accounting is preferred
• Fluent in English

• Arabic and/or French is a plus but not required
• Strong oral and written communication skills.
• Strong leadership skills.
• Demonstrated ability to analyze and resolve problems.
• Ability to document, plan, market, and execute projects and processes.
• Established project management skills.