Business Segment: Corporate Finance & Operating Components
Location(s): Hungary ; Budapest
About Us: GE Global Operations is GE's multi-functional shared services organizations focused on delivering better outcomes at lower cost for our businesses and our customers. The strong partnership between Global Operations and GE Businesses creates a collaborative work culture and broadens best practice and industry knowledge sharing across the enabling functions. We believe that by keeping GE customers at the heart of everything we do, we will help GE work smarter, better and faster, allowing GE businesses to be more competitive in the global marketplace.
We are teams of functional process and domain experts, focused on the solutions that deliver results for the company. We think Big, we act as One, We deliver with Speed … so GE Works.
Role Summary: This role supports the Controllership activities within R2R for Global Operations Europe & Russia / CIS, based in Budapest. You will provide support to the R2R Operational controller and organization, in the development, implementation and monitoring of all controls. You will work with all levels within Global Ops both regionally and globally. You will also develop relationships with the businesses to ensure policy and process alignment.
Essential Responsibilities: The role will be both project focused with involvement in transitions and simplification, as well as standard controllership activities
Supports implementation of Standard Operating Procedures (SOPs) across all functions with special focus on closing, reporting and analysis
Review if appropriate Internal Controls are in place, in line with local statutory laws and GAPs
Help research and communicate technical accounting issues relating to GE GAP, US GAAP and IFRS and identify / escalate / manage any conflicts
Assists with the Controllership & Compliance of all activities & documentation. We ensure comply with Local, Statutory, GE Corporate & Business policies & requirement’s. We also provide that related records are maintained in a timely, accurate and complete fashion
Process Improvements and Simplification:
Support the development and implementation of simplified, consistent and effective policies and procedures for monthly and quarterly close processes. This includes account reconciliations, GE Corporate Data Request (DR) submissions, Representation Letters, MJEs and adjusting entries
Research controllership perspectives on R2R simplification and integration projects, ensuring alignment and involvement of Global Ops, Business Finance leaders Global Process Leaders and Controllers
Help drive Balance Sheet account reconciliations being completed within corporate guidelines; providing training and support where needed
Perform financial analysis of Balance Sheet accounts to ensure compliance, integrity of account balances / financial reporting and effectiveness of business processes
Support the business to understand the financial / accounting implications of transactions and processes by providing expertise and technical accounting guidance
Assist the annual R2R pre-close, quarterly risk reviews and monthly controllership reviews with key operations and financial management personnel
Compile R2R status and key metrics for the Regional Controller and R2R leaders
Risk Identification and Management:
Support GE Corporate Audit Staff and Finance Managers with internal GE compliance reviews
Assist in the closure of open audit issues and proactively work to prevent future issues and manage risk
Percentage of travel required for the role: 5% but subject to business needs
Work with R2R leadership to help pro-actively assess and manage financial risk through the Issue Log and Rep Letter processes
Bachelor’s degree in Accounting, Finance or other business field
Extensive accounting and finance experience
Experience with IFRS, US GAAP and accounting literature
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