Early Career Trainee- Finance

2 weeks ago

Riyadh, Ar Riyāḑ, Saudi Arabia dc53e74d-498b-4796-94d0-82bf16d145d0 Full time 60,000 - 80,000 per year

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 Grid 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.

Job Description
The Early Career Training is a 6-month program extendable to one year , and it is an investment in young talents where GE Vernova trains fresh graduates who meet the required criteria to perform their traineeship in a GE Vernova business. The traineeship duration varies upon business requirement and will develop the general skills of the trainee and provide on the job knowledge and technical experience. Positions requiring understanding of a concepts, methods and procedures.

What You'll Do
Project Finance Execution and Excellence:

  • To work with PFCs and PMs on all financial issues on the project after tender (ITO) phase, i.e. from contract award to TOC or contract close.
  • To work with PFCs, PCCs & other stakeholders of the project to review, monitor and control the costs to achieve the good level of finance performance
  • Review, track and ensure the timely & US GAAP compliant revenue recognition supported by proper documentation.
  • Work with PFCs to ensure full compliance with contract T&Cs including billing and collection (LC, payment against documents)
  • Work on the margin review calculations to enable OTR finance to work with Project Managers to optimize the performance of the contracts
  • Execute project accounting within ERPs per the global standards set by the business

Operations Excellence

  • Maintain strong connection with all functions of operations to understand the dynamics of our projects and translate into financial output, and communicate to Operations team and broader finance community
  • Support operations to analyze and present the data related to outstanding bonds and its retrieval and reduction from the customers.
  • To work with operations for the pacing of sales, margin, billing and cash of the project under the supervision of Lead PFCs.
  • 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. in collaboration with Lead PFC of the project.

What You'll Bring

  • Bachelors in finance, Accounting or Business Administration
  • Analytical & strong communication skills
  • Self-driven, attentive to details, outcome oriented, good working attitude.
  • Basic knowledge of Microsoft Office suite (Excel, PowerPoint)
  • Willingness and ability to work full-time for 6 months period
  • Fluency in English

What Will Make You Stand Out

  • Above average GPA / academic grades preferred
  • Demonstrated EHS and Quality focus.
  • Demonstrated leadership potential
  • Record of achievement with a passion to achieve positive business results
  • Curiosity and desire to learn and expand skill set
  • Adaptable and open to change

**Additional Information*
*Relocation Assistance Provided:
No

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