Project Finance Manager at GE Nigeria

GE is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. Through our people, leadership development, services, technology and scale, GE delivers better outcomes for global customers by speaking the language of industry.We are recruiting to fill the vacant position below:Job Title: Project Finance ManagerJob Id: 3055266Location: LagosJob Function: Project ManagementBusiness Segment: Oil & Gas Oilfield EquipmentRole SummaryReporting operationally to the Project Director (PD) and functionally to the Business Finance Manager, the Project Finance Manager will prepare, analyze and report on all financial data related to the assigned project. This will include specific support to the PD and include costing variance analysis, milestone billings, variation pricing etc.Essential ResponsibilitiesMonth End closing activities:Reconcile revenue and cost of sales to the appropriate business system as directed by the SPS Projects Finance LeaderCalculate percentage-of-completion (POC) accounting entries for assigned POC projectsReconcile engineering/project management costs to P&L Account/InventoryPrepare management commentary on major bookings and shipments in the month for assigned projectsPrepare rolling forecast for bookings, revenues, margin, advances and cash flow for assigned projectsReconcile warranty, liquidated damages and penalty provision reserves for assigned projectsReview advances, unbilled shipments and unearned billings accounts for assigned projectsPrepare comprehensive management reports for assigned projectsPrepare and review balance sheet reconciliations for all Projects balance sheet accountsBudgeting and Forecasting:Support SPS Projects Finance Leader in preparation of relevant budget and forecast dataAssist in preparation of ad hoc projections throughout the year at project levelSupport to ‘Front End’ team:When necessary attend pricing meetings to ensure pricing policies are adhered to during reviewAttend PO handover meetings for assigned projectsWhen necessary, provide historical cost data in support of pricing processGenerate target costing for project executionSpecific Project Finance Manager duties:Ensure correct generation of customer invoices and manual milestone/ shipment invoices (this will involve coordination with the relevant PL based project accountants)For new contracts assigned, review and comment on financial terms in Ts & Cs section.Provide general financial / business support to project team members.Prepare monthly Project Status Reports (PSRs) in accordance with the required reporting and variance reporting standards.Review project status reports with project managers and assist in resolving highlighted issues.Coordinate and report on Third Party Billings, IC Re-billings and cash forecasting.In conjunction with the project’s Contracts Manager, coordinate the change order log reconciliation.Prepare additional quarterly schedules as required for all current projects 

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