AR Accountant

Job description

2934546
City

Shanghai
Career Level

Experienced
Relocation Assistance

No
Business

GE Global Operations
Business Segment

Global Operations Asia
Function

Finance
Country

China
U.S. State, China or Canada Provinces

ShangHai
Postal Code

201203
Role Summary/Purpose

Support the implementation of GE’s Invoice-to-Cash global enterprise standard, including Credit management, Invoice Generation, Cash Applications, Reconciliations and Collection across the GOF platforms in Asia, driving service quality, compliance, standardization, simplification & digitization.
Essential Responsibilities

• Partner with the Operations Manager to develop a process and/or landscape of current Know Your Customer, Master Data Management and Credit Control (“Process”) processes & metrics in the Asia region and identify opportunities for standardization and simplification; 
• Partner with the Operations Manager to develop a process and/or landscape of current Order-to-Cash processes & metrics in the Asia region and identify opportunities for standardization and simplification; 
• Partner with Operations Manager to develop a process and/or landscape of current Order-to-Cash Invoice Generation, Distribution and Printing (“Process”) processes & metrics in the Asia region and identify opportunities for standardization and simplification; 
• Support the implementation of the Process (people, process, platforms, policies and metrics) in every GE business with appropriate prioritization; 
• Undertake risk analysis for process changes and implement initiatives as required; 
• Enable planned productivity gains through process simplification; 
• Coach and mentor junior accountants and extended team in building a high performance team; 

• Ensure Integrity is upheld throughout all processes, policies and practices, by ensuring appropriate communication and training of related activities; and 
• Be seen as a business partner or finance enabler to the upstream teams, which includes but not limited to Commercial Finance, Commercial Operations, and Order-to-Remittance execution team. 

Key Performance Indicators 
High focus on effectiveness and efficiency of O2C Process: 
• Total invoices generated vs. cost/invoice 
• Cycle time, dispute % & cost of quality 
• Cash application cycle time 
• Account reconciliations 
• ES adherence 

• Accurate, timely & compliant financial records & reporting 
• Clean and robust MDM 
• AR aging & past due amount & balance 
• Conduct frequent dialogues with Commercial Finance 
• Definition of a coherent and integrated plan for O2C simplification initiatives aligned to the enterprise standard, with strong buy-in from key stakeholders
• Implementation in line with scope, budget and timeframes 
• Productivity through simplification, digitization and outsourcing 
• Minimal compliance/audit breaches 
• Accurate, timely & compliant financial records & reporting 
• Business partner feedback and Voice-of-Customer 
• Matrix stakeholder feedback

Qualifications/Requirements

• Should possess in-depth knowledge of the I2C processes; 
• Good process management experience in a controllership-orientated and operational environment; 
• Proven ability to inspire and engage teams through a collaborative approach; 
• Good interpersonal skills and experience of managing relationships within a complex matrix environment; 
• Business acumen – understands commercial and operational business priorities; 
• Strong sense of ownership and accountability, with a proven track record of execution; 
• Good communication, influencing & presentation skills (including fluency in English); 
• Cultural awareness & sensitivity: ability to flex style to suit differing cultural norms and experience of leading a culturally diverse team; 
• Formal finance qualification;

Desired Characteristics

• Finance shared services experience in shared services is a distinct advantage. 
• IFRS knowledge and some knowledge of US GAAP

About Us

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.