Job Description SummaryGE 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 reviewsPerform Margin Review calculations to enable ITR Services Finance to work with Project Managers to optimize the performance of the contractsDownload & 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 communitySupport operations by approving credit notes, recording bad debt and bonus/liquidated damagesMonitor intercompany transactions related to projects & partner with central Internal Billing System (IBS) team to problem solve rejects & holdsActively 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 caseProvide 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 degreeThose 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 quicklyExcellent time management, organizational and data driven skillsAdaptable/flexible: open to change in response to new information, different or unexpected circumstances, and/or ability to work in ambiguous situationsCompetent with MS Office applications

Additional Information

Relocation Assistance Provided: No