Overview
WE COUNT ON YOU TO PARTICIPATE:
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 Financial Management Leadership Program (FMP).
You can join the following teams/areas:
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.
Sourcing cash finance activities such as vendor onboarding – greenlighting and activation, support with resolving supplier data disconnects in the ERP, analyze volume and frequency of exceptional payments. Support cash leader on Account Payable data quality improvement – decrease the volumen in the open Purchase Order past due aged balances by connecting with multiple teams for success. Support to lay down a clear process and mapping within the AP dataset. Own and lead calls on daily management tasks.
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.
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.
WE NEED YOU TO HAVE:
Ongoing studies (Finance/Accounting specialization preferred)
Basic financial knowledge (Balance sheet/Income statement/Cash flow)
Active student enrollment (preferably for more than one year)
24-40 hours per week working availability
Fluency in English (additional Hungarian knowledge preferred)
Strong user level MS office skills
Flexibility
Ability to learn and adapt
Analytical thinking
Good communication skill and team player attitude
Ability to work in Hungary: Successful applicant will be legally eligible to enter into an employment relationship under the laws of Hungary
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 Notes:
Successful applicant will be legally eligible to enter into an employment relationship under the laws of Hungary
This is a hybrid role with three days remote and two days in the office.
About GE Vernova
GE Vernova in Hungary operates with the production and repair of gas turbine parts, dealing with the management of turbine contracts, spare parts trading and the related financial processes. Our modern office building in Budapest is mainly staffed by our colleagues working in areas related to financial and customer orders. Our Budapest office is located in the Váci Greens office building, easily accessible and provides a really youthful, modern environment.
Our hirings include internship, junior and senior positions. We place great emphasis on continuous professional training, development and providing talented people with long-term career opportunities. A great example of this is that you can run into more than one of our colleagues in the corridor who now holds a management position, but started as an intern with us. In our daily job, we take part in exciting international projects and meet a wide range of people. We provide our interns with the opportunity for flexible working hours that adapt to their studies and give to opportunity to participate in real projects and tasks that give them real professional experience! A good atmosphere, supportive managers are also motivating factors in the long run.
At the ELTE Job Fair, you can meet our colleagues at the GE Vernova stand, who support the operation of our company with their dedication and expertise. By talking to them, you can learn more about the projects they are working on, why they like working at GE Vernova, or how an interview is conducted with us. We are waiting for you at the stand!
