- Entry level
- No Education
- Salary to negotiate
Lead Project Control Analyst
Power Steam Power
Control and have at all times full knowledge of all financial movements within the project scope, and ensuring they are correctly and accurately reported.
Ensure that all Committed costs for the project are fully documented and supported by ERP and all Costs to Complete are verified, understood by all stake-holders and supported by reasonable assumptions and documentation.
Manage the issuance, reduction, recovery and cancellation of bonds and guarantees issued to the client.
Manage taxes and duties and the effect on costs and cash flows
Manage and reconcile the onshore or offshore project results both within the project accounts and with respect to balance sheet positions related to the project.
Ensure consistency of assessment of risk recognition and accounting for any risks and opportunities in the projects. Support correct risk recognition valuation and associated accounting. Monitor and forecast cash flows arising from the project, setting control environment for the cash management in order to optimize cash flow.
Monitor and forecast revenue and margins arising from the project, setting control environment for the revenue and margin management
Understand the project documents and systems and actively manage financial implications arising from them.
Ensure that all financial processes and internal controls, including Delegation of Authority (DoA), are implemented, robust and compliant.
Ensure the adequate establishment of the onshore projects in conjunction with the Head of Project Controlling and local Unit finance team.
Manage the periodical partial / consolidated project financial summaries and its presentations of the results.
Produce all financial project reporting as requested.
Provide management with reliable financial data in order to assist in the decision-making.
Key Performance Indicators
Accuracy of the revenue recognition and margins forecast for the project.
Project financials for projects of the unit are accurately prepared with full understanding of the content by the respective project controllers as reflected in the project review.
Accurate and timely preparation and consolidation of financial reporting for the project. Accurate cash and revenue forecasting and management.
Management of the bonds and guarantees.
Effectively manage all internal project controlling interfaces on the project (if applicable) such as other businesses, off and on shore locations including site.
Report control deficiencies to the project and finance management.
Quality of the project controlling reporting
Responsible for driving technical accounting compliance, financial & operational internal controls, process simplification, & operational excellence to deliver accurate actual financial reporting & analysis.
Intermediate level professional positions requiring subject matter knowledge & experience, more independence in problem solving & decision making. Overall responsibility for project financials including forecasting & variance analysis.
Qualified Chartered Accountant / CIMA / ICWA / MBA with finance specialization from institute of repute
Minimum 5 years of work experience in Project, business or factory controlling.
Sound knowledge of Indian Accounting Standards & US GAAP
Sound knowledge of management accounting, MIS reporting and Indian tax laws.
Working knowledge on Internal Control system, ERP- SAP (FICO) and foreign currency hedging & forward contracts
Commercial instrument knowledge (treasury, bonds, ECA, LC, Insurance)
Commercial awareness (contractual, claims management, damages)
Strong oral and written communication skills.
Strong interpersonal and leadership skills.
Ability to influence others and lead small teams.
Lead initiatives of moderate scope and impact.
Active team player, ability to coordinate with several functional teams working on a project. Effective problem identification and solution skills.
Proven analytical and organizational ability.
GE (NYSE:GE) drives the world forward by tackling its biggest challenges. By combining world-class engineering with software and analytics, GE helps the world work more efficiently, reliably, and safely. GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GE’s mission and deliver for our customers. www.ge.com
About the company
GE is building the world by providing capital, expertise and infrastructure for a global economy. GE Capital has provided billions in financing so businesses can build and grow their operations and consumers can build their financial futures. We build appliances, lighting, power systems and other products that help millions of homes, offices, factories and retail facilities around the world work better.