Project Control Analyst
GE Renewable EnergyTaibeiUpdate time: June 23,2019
Job Description
Role Summary: To proactively lead and manage the consolidated financial accounts of the allocated projects and be the business partner of the Operations Team (Project Manager and other related functions) to advise on the project financial position of the specific geography/country. This person would be leading local Malaysian projects and/or support project in the CEAP region.
Essential Responsibilities: Project Finance Controller has an overall responsibility for the Project Financials (reporting, controlling, coordinating) after tender phase; focusing on transparency, accuracy, efficiency of the project working capital, margin and cash.
Desired Characteristics: • Strong verbal and written communication skills and the ability to communicate financial information clearly to stakeholders
Essential Responsibilities: Project Finance Controller has an overall responsibility for the Project Financials (reporting, controlling, coordinating) after tender phase; focusing on transparency, accuracy, efficiency of the project working capital, margin and cash.
- Lead project financial processes partnering Controllership, FP&A, Auditors (internal, external, statutory, fiscal, others) and Operations team like Project managers and Cost controllers.
- Communicate pro-actively and act as the key Business Partner for Operational Project Managers by providing timely information on projects revenues, margins, cash, risks & opportunities and contribute to continuously improve working capital to performs to its utmost.
- Have full knowledge, monitoring and control over financial movements from order booking, revenue recognition, margin recognition, billings and cash flow. Further, to ensure that such information is consistent, approved and reconciled in the required ERP systems, consolidate, validate and forecast and alert potential risk exposures promptly and proactively as identified.
- Manage the revenue recognition (sales) plan at project start and the billing plan (invoice and progress payments), consolidate, validate and forecast sales and billing milestones with Operations team to ensure consistent consolidated revenue recognition and cash collection.
- Manage and forecast cash movements monthly. Track receivable overdue status, alert and ensure that follow-up action plan is in place.
- Manage foreign exchange risk efficiently through the project life on a timely basis. Ensure hedging is in place based on projects cashflow status.
- Proactively validate, control and monitor movements of actuals, planed (cost to complete) & / committed costs, identify and communicate overruns, support root cause analysis, interface and highlight issues to Project Managers to ensure that Costs at Completion are aligned with project assumptions.
- Partner with the OTR Finance Leader on Project Financial summary (Project cost summary sheet, cash curve, sales and billing plans) for Project Review agreed by Project Manager, consolidate project Financials and understand each project’s financial movements, and presents the financial section during project reviews with regional and sector team.
- Prepare and maintain financial reports (including but not limited to P&L and balance sheet accounts) timely, relevant to projects and or unit/product line under his/her care, according to the prevailing financial instructions/procedures.
- Proactively scrutinize and challenge Operations team to identify and provide input on sales, margin, LD provisions and claims valuation.
- Support Finance initiatives and champion the usage of new tools within the organisation.
- Ensure that all financial processes & instructions and internal controls, including but not limited to DoA, Unifier, are implemented comprehensively, accurately and timely.
- Coordinate with commercial and procurement team to proactively identify potential embedded derivatives exposure, monitor existing exposure evolvement.
Desired Characteristics: • Strong verbal and written communication skills and the ability to communicate financial information clearly to stakeholders
- Strong analytical skills: able to clearly link financial results to operational performance drivers, generate alternatives and drive positive change
- Team player
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