Description
Essential Responsibilities:
Manage aspects of the monthly and quarterly financial closing and reporting process including variance analysis, financial reporting, account reconciliations
Partner with Operations teams to ensure compliance with GE practices and processes
Initiate process improvements and supports finance system and control implementations
Monitor WIP jobs weekly and ensure hours have been charged and materials have been properly issued before closing them out.
Monitor PPV and ensure parts have been properly cost and labor rolled up
Analyze exceptions to the traditional three-way match (PO, Receiver and Invoice) and initiate corrective actions.
Input inventory adjustments to ensure proper control of adjustments.
Report direct vs. indirect and absorbed hours monthly to GSCF leadership.
Work with standard costing analyst to ensure proper alignment with project and product line costs.
Maintain and monitor data related to vendor returns to ensure that credit is received
Ad hoc GSC reporting
Qualifications/Requirements:
Bachelor's degree and a minimum of 4 years' experience, or H.S. diploma and 10 years' accounting experience
At least 4 years of accounting or finance experience in a manufacturing environment
Excellent quantitative and analytical skills
Ability to anticipate, identify and resolve complex financial issues
Ability to adapt to a changing environment and work independently
Strong oral and written communication
Proven record of achieving results
Desired:
Experience with Oracle and Hyperion reporting tools
Advanced Excel capabilities
Proficient at data mining and analysis of data
Sl. no
Job Description
Frequency
1 Working on numerous Deflation Projects, perform calculation of hard & soft deflation savings, performing Audit of implemented deflation project, to Arrive at Actual Deflation Savings, working with Sourcing Team Leader.
Weekly
2 Analyze purchase activity. Validate purchase price variance. Initiate corrections to standards. Report this information on a weekly basis.
Weekly
3 Perform Purchase Price Variance Analysis and Liaise with concerned person to seek Reasons for variances and communicate to Finance Leadership.
Weekly
4 Analyze exceptions to the traditional three way match between PO, Receiver and invoice. Initiate corrective actions
Daily
5 Perform Ad hoc standard cost analysis
Ad hoc
6 Maintain data regarding vendor returns for credit to ensure that credits are received and recorded properly.
Daily
7 Accumulate costs related to Capital expenditures and reconcile the PP&E accounts to the sub ledger
Weekly
8 Set up fixed assets in the Oracle sub ledger
Monthly
9 Input physical adjustments into the Oracle inventory records
Daily