Job Description Summary
Position summary:
In this role, you will manage and oversee the Global Engineering Finance budget of approximately $80M, supporting the Project Engineering Manager with budget setup and reporting for Asia Large/Service Projects. You will lead monthly and quarterly closings, including payroll analysis for engineering staff across 10 countries, managing subcontracting and travel budgets, and overseeing the liquidation of engineering hours to projects. Additionally, you will conduct monthly under-recovery analysis, report to the GE Vernova Hydro Power CFO and CEO, calculate annual engineering hourly rates, define annual budgets, and support the follow-up of engineering project budgets and quarterly performance reporting.
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About our business:
GE Vernova is a planned, purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses of Advanced Research, Consulting Services, and Financial Services. Building on over 130 years of experience tackling the world's challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it.
Hydro Power - a major player in the hydroelectricity generation market - is a business division of GE Vernova. Our work includes the designing, manufacturing, and installation of equipment for hydroelectric power plants, as well as servicing and refurbishing existing facilities. Hydro Power's turbines and generators represent more than 25% of the total installed capacity worldwide, with 4000 employees present in more than 30 countries.
Job Description
Job Description
Roles and Responsibilities:
Controlling:
- Ensuring the correct allocation of costs for the following costs buckets: Liquidation, C&B, External expenses, training, facilities, depreciation, purchase services, Funding.
- Reviewing the nature of the costs, the function of the costs, and the category of the costs (BVP)
- Driving the corrections through other team members (inside and outside Engineering finance team)
- Proactively highlighting issues to FP&A/base costs/finance management to ensure collective resolution, avoiding waste of time and disconnects.
- Performing monthly update on Risk & Opportunities for the quarter landing to FP&A teams
- Participating in the monthly project review with Engineering staff (COE & Engineering management), proactively highlighting issues and pushing for resolution
- Preparing and presenting the monthly reporting of Variable cost pacing to engineering & finance management
Engineering projects 606 monthly pacing:
- Implementing the needed adjustments in Gridfusion & model test cost to complete for ASIA & EMEA Service projects
- Supporting engineers/Project Manager Engineering to respect the commitments on the quarter budgets
- Ensuring that Storms is updated timely by Project Manager Engineering /COE leaders and reflects the best estimate
Audit:
- Addressing audit requests on project costs Solving any other ad hoc requests related to audit
Continuous improvement:
- Supporting/leading/proposing improvements on financial information systems:
- Gridfusion/PMX/KEOPS/Storms
- Providing resolution in Gridfusion issues
- Ensuring that processes are always followed by team members and provide guidelines
Required Qualifications:
- University or College degree in Finance/Business/Economy/Accounting
- Strong experience in projects and financial planning
- Experience in working with Engineering Finance
- Experience in budgeting, reporting, monthly/ quarterly closings, and project reviews
- Experience on big projects (preferably engineering)
- Strong communication and presentation skills
- Flexibility to work in the European time zone
What Do We Offer?
- Career growth opportunity
- Professional and personal development trainings
- Enthusiastic team with supportive leaders
- Multicultural and diverse environment
- A pleasant and modern work infrastructure
- Competitive salary with benefits
- Home office opportunity
- Flexible working hours
Hiring location:
- Budapest, Hungary
Inclusion & Diversity:
At GE Vernova, we believe in the value of your unique identity, background, and experiences. We are committed to fostering an inclusive culture, where everyone feels empowered to do their best work because they feel accepted, respected and that they belong.
Additional Information
Relocation Assistance Provided: No