Job Information
GE Vernova Treasury Trade Finance manager in Budapest, Hungary
Job Description Summary
This position in the Business Treasury Team is part of the GEV Treasury Trade Finance Center of Excellence (COE).
Treasury Trade Finance COE is a team of skilled knowledge workers whose mission is to provide the organization their competencies and the resources for best practices around Trade Finance.
Treasury Trade Finance COE works cross GEV multi-businesses and provides support to them during the tender phase in the detection of risks on both contract and trade finance instrument’s wording and recommends proper mitigations. Treasury Trade Finance COE is the reviewer and the first approver of all trade finance instruments issued by the GEV businesses in favor of customers or other contractual beneficiaries in accordance with GEV Trade Finance policy and guidelines and other applicable regulations.
Treasury Trade Finance COE manager closely works with Corporate Treasury Functions, ensuring decisions are made and in line with overall company policies and objectives on banking partnership, risk triggers and overall systems. He/she also works closely to ITO and OTR functions and provides analysis to GEV businesses CFOs and Senior Finance leaders.
Job Description
Roles and Responsibilities
Support Commercial team by providing recommendations on both contract and trade finance instrument’s wording in ITO phase.
Responsible for the review and the approval of trade finance instruments on the GEV e-procurement tool (ALOC).
Ensure compliance of the trade finance instruments issued by the Biz with GEV Trade Finance Policy and guidelines.
Support Corporate Treasury on providing training to new ALOC Biz users.
Educate Biz on forbidden terms and Policy “no-go” as well as on their mitigation.
Provide recommendations for the implementation of ALOC enhancements and support on the relevant testing.
Lead BUs to the closure of local credit lines and aged instruments no longer needed.
Support Internal and External Audit as well as the Controllership team.
Prepare trade finance reporting and support treasury reviews with Biz CFOs and Senior Finance Leaders
Desired Characteristics
Knowledge level is comparable to a Bachelor's degree in Finance from an accredited university or college ( or a high school diploma with relevant experience)
Minimum 3 years experience in similar position
Fluency in English
Desired Characteristics
Advanced experience in the Finance & Business Treasury is a plus
Strong analytical, organizational skills
Excellent communication skills: experience working across multiple levels, functions and regions; able to clearly communicate trade finance technical and legal features in an “easy to understand” manner
Experience working in global business environment with sound understanding of global process and transactional flows
Integrity: Accepting and adhering to high moral, ethical, and personal values in decisions, communications, actions, and when dealing with others
GE Vernova is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
Additional Information
Relocation Assistance Provided: No