Gas Power Services Project Accounting Intern

6 days ago

Kuala Lumpur, Malaysia GE Full time
Job Description SummaryJob Description Summary:
GE Vernova is leading a new era of energy by helping to accelerate the path to more reliable, affordable and sustainable energy. This internship with GE Vernova Gas Power team will offer a unique opportunity to gain hands-on experience through challenging projects, learn from some of the brightest and most innovative minds in the business and network with a variety of professionals.
The Gas Power Services Project Accounting Intern will assist to execute all Accounting, closing, and pacing activities for a given portfolio of projects (by revenue type – e.g., Contractual Services Agreement (CSA) & Operational & Maintenance (O&M), Core, or Upgrades) to ensure timely and accurate financials. Areas of responsibility include assisting with project set up, performing contract margin reviews, forecast validation, monthly & quarterly closing activities, account reconciliation, assisting with Stat & Tax audits by providing appropriate data.

Job Description

Roles & Responsibilities:

As the Gas Power Services Project Accounting Intern, key responsibilities include:

Financial Execution and Excellence:

  • Account for financials of the projects in line with GAAP & STAT policies & standards (e.g., revenue recognition, journal entries, etc.)
  • Review and reconcile periodic balance sheet accounts related to projects & prepare and present monthly balance sheet reviews
  • Perform Margin Review calculations to enable ITR Services Finance to work with Project Managers to optimize the performance of the contracts
  • Download & prepare SONIC data as part of the forecast process for validation with Operations (CPMs)
  • Execute project accounting within ERPs per the global standards set by the business

Operations and Process Problem Solving:

  • Maintain strong connection with operations to validate contract data (project cost, invoicing), prepare financial output, and communicate to Operations team and broader finance community
  • Support operations by approving credit notes, recording bad debt and bonus/liquidated damages
  • Monitor intercompany transactions related to projects & partner with central Internal Billing System (IBS) team to problem solve rejects & holds
  • Actively participate in contract handover reviews from Inquiry to Order (ITO), to Order to Remittance (OTR) i.e., T&C clarifications, project setup, payment security, hedging evaluation, etc.

Lean and Continuous Improvement:

  • Possess detailed knowledge of the forecast case to enable Business Unit (BU) Finance in optimizing the case
  • Provide internal and external Audit support relating to project accounting activity, balance sheet and P&L as needed       

                               

Required Qualifications:

  • Bachelors in Finance, Accounting or Business Administration, or equivalent international degree
  • Those with previous internship experience in Finance and/or Operations preferred
  • Able to commit for 6 months internship period with potential extension

Desired Characteristics:     

  • Demonstrated ability to deliver with focus, prioritize and perform in a fast-paced environment and respond quickly
  • Excellent time management, organizational and data driven skills
  • Adaptable/flexible: open to change in response to new information, different or unexpected circumstances, and/or ability to work in ambiguous situations
  • Competent with MS Office applications

Additional Information

Relocation Assistance Provided: No

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