- Location
- Budapest, Hungary
- Workplace
- Hybrid
- Type
- Full-time
- Source
- Workday
Description
Job Description Summary
As a VAT Analyst, you'll be responsible for ensuring the organization’s indirect tax compliance across multiple jurisdictions part within Electrification Segment supporting GE Vernova affiliates across numerous countries. This role involves accurate preparation and filing of VAT returns, management of tax data, and providing technical support to ensure operational processes align with global tax regulations. The ideal candidate acts as a subject matter expert, safeguarding the company against tax risks and optimizing indirect tax processes.Job Description
Roles and Responsibilities
- Preparation and analysis of VAT return on a monthly /bi-monthly/ quarterly basis
- Provide SII, SAFT, Intrastat, EU Sales reports (if required preparing additional country specify reports)
- Ensure to be compliant with country specific rules and obligations, meet the deadlines for all reports
- Carry out VAT clearing postings; VAT liquidation process
- Perform quarterly detailed account reconciliations + Intrastat / EU sales reports reconciliations
- Follow up erroneous account receivable/ payable entries
- Interact with Business VAT Managers and Country VAT Leaders
- Cooperate with other functions and provide support by answering VAT related queries
- Prepare the Reconciliation files (monthly, quaterly)
- Prepare the sales reconciliations files
- Take part the internal and extarnal audits
- Working closely with IT and Finance teams to fine-tune tax settings in SAP, Oracle, or other ERP systems, including VAT codes and automated tax processes
- Testing and approving tax modules when new processes or systems are introduced
Required Qualifications
- Bachelor’s degree or equivalent in finance related field
- Written and verbal fluency in English and other language
- Deep understanding of VAT principles (e.g., Place of Supply rules, Reverse Charge Mechanism, Input VAT recovery)
- Accounting knowledge
- Strong analytical skills
Desired Characteristics
- Experience in a Global Business / Shared Service Center /Accounting Firm
- Working experience on local and / or international VAT regulations
- Advanced proficiency in Excel (for large data manipulation) and hands-on experience with major ERP systems (e.g., SAP, Oracle)
- Experience with tax software is a strong advantage
- Ability to work with complex data sets, identify anomalies, and perform root-cause analysis
- Ability to explain complex tax requirements to non-tax personnel clearly and concisely
- Strong sense of integrity regarding tax filings and reporting standards
Additional Information
Relocation Assistance Provided: No
Skills
OracleExcelSAPComplianceERP