Finance Management Program Internship

Job Description Summary

Addressing the climate crisis is an urgent global priority, and at GE Vernova, we take our responsibility seriously. That is the singular mission of GE Vernova: to continue electrifying the world while simultaneously working to help decarbonize it. Looking to make a global impact and solve problems? Through relentless innovation and continuous collaboration with our customers, GE Gas Power, part of GE Vernova, is providing more advanced, cleaner, and efficient power that people depend on today and building the energy technologies of the future.

What impact you’ll make

As an FMP intern of the finance team, you will be an active contributor through rotational assignments to the FP&A, Controllership, Supply Chain Finance, IT Finance and/or Sourcing Finance functions.

Job Description

What you’ll do:

In this internship program you will have the opportunity to gain real-life Finance work experience through a rotational program in different finance functions in which you can decide what area suits you best while managing key projects and challenges. This program will make you ready to apply for a next level career move which is our Finance Management Leadership Program (FMP).

You can join the following teams/areas:

• Controllership: account reconciliation, balance sheet analysis to highlight risks for management, quarterly closing to make sure financials give the right information to stakeholders, change management activities: such as business re-organization, legal entity changes, various IT projects (ERP development) and external & internal audits.
• Financial planning and reporting (FP&A) activities, which includes working closely with operational leaders and other finance teams to create a plan for headcount, functional cost, foreign exchange exposure, inventory related items (such as logistics cost) and analyzing the results to make sure that Supply Chain/Base Cost organization is meeting its commitments.
• Inventory related analytics, such as inventory valuation including FIFO and Intercompany profit (ICP), Obsolescence calculation, inventory modification and scrap process ownership, inventory surplus/deficit review and support internal/external audits.
• Standard costing / Sourcing related financial support and analytics, driving projects which are targeting a more transparent income statement reporting structure and create consistency across the different units.
• Global Supply Chain: As a member of the Gas Power Global Supply Chain Process Center of Excellence, the horizontal site support for manufacturing and repairs operations is the key finance partner flexing across one or multiple sites. The mission of the horizontal site support is to drive improvements to core finance processes and partner with Data & Analytics COE to create tools & analytical solutions enabling efficiency to downstream operating partners. As an intern in the SCOF team you will support comprehensive financial planning, reporting and analysis to downstream site operations.
• Finance IT team’s responsibility is the ERP Finance support of Alpha ERP (Oracle) and Powermax (SAP). This includes system support, report and data quality management by maintaining ERP setups, data integrity and cutover support for deployments (Customer/vendor creation, extension, data quality analysis) and closing and reconciliation tasks
• Trade Finance, Letter of Credit (LC): discovery of this secure payment method used in international trade, connecting externally with banks, logistics and other service providers and internally with GE Regional Teams worldwide and with Order Management and Cash Application Teams, check compliance with LC process, latest date of shipment follow-up, daily distribution of LC related information to stakeholders, contribute to cash collection from LCs

What you’ll bring:

• Ongoing studies (Finance/Accounting specialization preferred)
• Basic financial knowledge (Balance sheet/Income statement/Cash flow)
• 24-40 hours per week working availability
• Fluency in English and Hungarian
• Flexibility
• Ability to learn and adapt and analytical thinking

What will make you stand out:

• Strong user level MS office skills
• Good communication skill and team player attitude
• Proven track of proactivity

We will provide you:

• Exciting programs to develop yourself and get to know others in the company
• Flexible time-schedule
• Flexible location (Budapest/ Veresegyház, fix or flexible desk)
• Rotations in different finance areas
• Leadership presence/exposure (CFO staff pitch out after rotation)
• Wellbeing culture: Healthcare Service, cafeteria, life coaching and other services
• Work with and learn from subject matter experts
• Wing to wing ownership on projects
• Thesis writing support

Additional Information

Relocation Assistance Provided: No