Job Description Summary

The Health & Welfare Accountant is a newly created role for GE Vernova. This position will be responsible for key accounting and reporting processes associated with GE Vernova Health and Welfare Plans (Medical, Pharmacy, Life, and more), focused on US Based Employees & Retirees.
The role will require partnering with Total Rewards, Legal, People Ops, HR, and Treasury to agree on the GE Vernova strategy, then execution culminating in an efficient and effective process.

Job Description

Essential Responsibilities 

The US Health and Welfare Accountant will be responsible for the following: 

·       Accounting lead for Retiree Health & Life (RH&L) valuation 

·       Monthly JE’s & FAS 158 workpaper 

·       Hyperion updates 

·       Census file review/reconciliation 

·       10-K/10-Q tie-out 

·       Lead contact for Deloitte review 

·       MARVAL 

·       Prepare quarterly EBNI calculations 

·       Assist with preparing monthly ledger over/under analysis 

·       CAVOL process owner including annual filings 

·       Owner of monthly contributions process 

·       Owner of pay-all life insurance plans 

·       Prepare quarterly PCORI accrual & billing 

·       Union negotiations – support pricing analysis & cost model 

·       Account rec / JE/ wire prep & review 

Qualifications/Requirements 

·       Bachelor’s Degree, preferably in Accounting/Finance. CPA preferred, not required. 

·       Knowledge of US ERISA law and other DOL regulatory requirements; experience managing and accounting for US-based health and welfare programs 

·       8+ years of experience in accounting or finance 

·       Experience with financial systems/applications (i.e.: Oracle, Hyperion, TORCH), strong Excel skills. 

·       Clear thinking / strong problem solving able to work independently; manage multiple tasks. 

·       Strong communication skills: experience working across multiple levels, functions, and regions 

·       Integrity: Adherence to high moral and ethical values in decisions, communications, and actions 

·       You must be willing to submit to a background investigation, including for example, verification of past employment, criminal history, and educational background. 

·       You must be legally authorized to work in the United States. 

Desired Characteristics 

·       Confidence / Assertiveness: strong influencing skills across business functions.  

·       Experience working in global business environment with sound understanding of global process and transactional flows 

·       Demonstrated ability to succeed in a matrix environment 

·       Adaptable/flexible: being open to change in response to latest information, different or unexpected circumstances, and/or to work in ambiguous situations 

·       Strong project management skills and ability to manage multiple priorities 

·       Strategic mindset and strong analytic skills – must be able to analyze information, identify implications, and recommend solutions 

The base pay range for this position is $95,300 – $158,800. The specific pay offered may be influenced by a variety of factors, including the candidate’s experience, education, and skill set. This position is also eligible for 10% performance bonus. This posting is expected to close on 2nd December 202.

Healthcare benefits include medical, dental, vision, and prescription drug coverage; access to a Health Coach, a 24/7 nurse-based resource; and access to the Employee Assistance Program, providing 24/7 confidential assessment, counseling and referral services. Retirement benefits include the GE Retirement Savings Plan, a tax-advantaged 401(k) savings opportunity with company matching contributions and company retirement contributions, as well as access to Fidelity resources and planning consultants. Other benefits include tuition assistance, adoption assistance, paid parental leave, disability insurance, life insurance, and paid time-off for vacation or illness. 

General Electric Company, Ropcor, Inc., their successors, and in some cases their affiliates, each sponsor certain employee benefit plans or programs (i.e., is a “Sponsor”). Each Sponsor reserves the right to terminate, amend, suspend, replace, or modify its benefit plans and programs at any time and for any reason, in its sole discretion. No individual has a vested right to any benefit under a Sponsor’s welfare benefit plan or program. This document does not create a contract of employment with any individual.

Additional Information

#LI-Remote - This is a remote position