Gas Power Services Project Accounting Intern null

About GE Power

GE Power, a General Electric division, is a global leader in power generation, offering innovative solutions from gas, oil, nuclear, and renewable sources. Focused on improving efficiency and sustainability with products like gas turbines and solar generators, alongside comprehensive maintenance services, GE Power champions the shift towards cleaner, sustainable energy.

Your role

Job Description Summary

GE Vernova leads in advancing reliable, affordable, and sustainable energy. This internship with their Gas Power team offers hands-on experience, learning from top minds, and networking opportunities.

As a Gas Power Services Project Accounting Intern, tasks include executing accounting activities for various project types and ensuring accurate financials. Responsibilities involve project setup, margin reviews, forecast validation, closing activities, account reconciliation, and assisting with audits.

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 reviews
• Perform Margin Review calculations to enable ITR Services Finance to work with Project Managers to optimize the performance of the contracts
• Download & 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 a strong connection with operations to validate contract data (project cost, invoicing), prepare financial output, and communicate to the Operations team and broader finance community
• Support operations by approving credit notes, recording bad debt and bonus/liquidated damages
• Monitor intercompany transactions related to projects & partner with the central Internal Billing System (IBS) team to problem-solve rejects & holds
• 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.

Lean and Continuous Improvement:

• Possess detailed knowledge of the forecast case to enable Business Unit (BU) Finance to optimize the case
• Provide internal and external Audit support relating to project accounting activity, balance sheet, and P&L as needed       

Training & development

Interns at GE Vernova Gas Power will engage in hands-on projects, learn from industry leaders, and network with professionals, fostering skills essential for future careers. The program emphasizes practical experience, innovation, and professional connections to enrich your learning journey.

Benefits

In addition to the competitive salary other intern benefits include:

• Hands-on experience with advanced energy technologies.
• Engagement in impactful power generation projects.
• Mentorship from industry leaders.
• Networking to enhance career prospects.
• Foundation for a career in the energy sector.

Career progression

As the Gas Power Services Project Accounting Intern, you'll master financial execution, compliance, and contract optimization, honing operations and problem-solving skills for success in project accounting. With chances to join GE's leadership programs, start in entry-level roles, and explore diverse industries, your career prospects expand beyond GE.

Work-life balance

At GE Power, interns experience a good work-life balance. Their work schedule is designed to let them focus on their tasks while still having time for personal life, ensuring they learn and contribute without feeling overwhelmed.

Culture & vibe

GE Power gives interns a great start with chances to learn and grow. They get to explore exciting career paths, receive guidance from dedicated leaders, and join a supportive group where everyone aims to succeed together.

About you

Required qualifications:

• Bachelors in Finance, Accounting or Business Administration, or equivalent international degree
• Those with previous internship experience in Finance and/or Operations preferred
• Able to commit to 12-month internship periods.

Desired characteristics:     

• Understanding of USGAAP and statutory accounting principles
• Demonstrated ability to deliver with focus, prioritize and perform in a fast-paced environment, and respond quickly
• Excellent time management, organizational, and data-driven skills
• Adaptable/flexible: open to change in response to new information, different or unexpected circumstances, and/or ability to work in ambiguous situations
• Competent with MS Office applications

Sources

The following sources were used in researching this page:

• jobs.gecareers.com/global/en/students
• jobs.gecareers.com/global/en/ge-career-benefits
• glassdoor.com/Salaries/malaysia-human-resources-intern-salary