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Gas Power Services Project Accounting Intern
Kuala Lumpur, Kuala Lumpur
GE Vernova
Posted 22 days ago
Job Viewed
Job Description
**Job 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
**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
GE Vernova is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
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
**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
GE Vernova is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
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