VAT Analyst

About the role

GE Vernova is looking for a VAT Analyst in Budapest to ensure the company's indirect tax compliance across several jurisdictions within its Electrification Segment. The role supports GE Vernova affiliates in many countries through accurate preparation and filing of VAT returns, management of tax data and technical support so that operations follow global tax regulations. It suits someone who can act as a subject matter expert and safeguard the company against tax risks.

Key responsibilities

• Prepare and analyse VAT returns on a monthly, bi-monthly or quarterly basis.
• Provide SII, SAFT, Intrastat and EU Sales reports, and prepare additional country-specific reports if required.
• Ensure compliance with country-specific rules and meet all report deadlines.
• Carry out VAT clearing postings and the VAT liquidation process.
• Perform quarterly detailed account reconciliations and Intrastat/EU sales report reconciliations.
• Follow up erroneous accounts receivable and payable entries.
• Work with Business VAT Managers and Country VAT Leaders, and support colleagues with VAT-related queries.
• Prepare reconciliation and sales reconciliation files, and take part in internal and external audits.
• Collaborate with IT and Finance to tune VAT settings in SAP, Oracle or other ERPs, including VAT codes and automated tax processes, and test and approve tax modules when new systems are introduced.

Required profile

• Bachelor's degree or equivalent in a finance-related field.
• Fluent written and spoken English and another language.
• Deep understanding of VAT principles such as place of supply rules, reverse charge mechanism and input VAT recovery.
• Accounting knowledge and strong analytical skills.
• Desired: experience in a global business unit, shared service center or accounting firm, and working knowledge of local and/or international VAT regulations.

Required skills

• Advanced Excel for large data manipulation.
• Hands-on experience with major ERP systems such as SAP and Oracle.
• Ability to handle complex data sets, spot anomalies and perform root-cause analysis.
• Ability to explain complex tax requirements clearly to non-tax staff.
• Integrity regarding tax filings and reporting standards.