Sr GSI Commercial Finance Leader

GE Vernova

5

(19)

Oakbrook Terrace, IL

Why you should apply for a job to GE Vernova:

  • 5/5 in overall job satisfaction
  • 4.9/5 in supportive management
  • 100% say women are treated fairly and equally to men
  • 100% would recommend this company to other women
  • 100% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • Build your network and connect with other GE employees for professional development via our seven Affinity Networks.
  • We empower our people through coaching and feedback, our talent development philosophy, and even our customizable benefits programs.
  • GE offers many healthcare options; 401(k) plan; tuition reimbursement; adoption resources; employee assistance; and recognition programs.
  • #GE11GLOBALR3782538EXTERNALENGLOBAL

    Position summary

    Job Description

    Roles and Responsibilities

    • Covering the full range of activities within the Commercial Finance scope, which includes responsibility for commercial finance operating rhythms, also during closing periods, by providing centralized finance reporting capabilities for Orders, margins, down payment, convertibility and other commercial metrics.

    • Supports commercial forecasting and contributes to the overall Business Line growth through the extensive analysis of opportunity risks, terms and conditions.

    • Leads commercial financial planning, budgeting, forecasting, reporting and analysis, supporting both Business Line Commercial and Finance teams, observing and ensuring compliance to finance instructions, policies and deadlines for orders recognition and reporting.

    • Requires specialized depth and/or breadth of expertise within their discipline. May require strong commercial awareness and is expected to influence the development of strategy within own area and with external customers, including control of resources, influencing policy formulation and training communities for their best understanding on instructions.

    • May lead functional teams or projects. Communicates financial instructions, translates difficult concepts, facilitates interactions between different stakeholders outside Finance and is expected influence others' options on particular topics. Will frequently guide others to consider a different point of view.

    • Increases the team's ability to achieve service, quality and timeliness of objectives, working among cross-functional policy and goals. Regularly advises management in the function and/or in the business. Has a supportive role in decision making about important subjects. High levels of evaluative judgment are required to achieve outcomes required.

    • Uses and presents clear rationale to subsidize decisions and handle complex tasks or problems that impact the function. Has ability to assess quality of information given and ask pertinent questions to stakeholders. Able to offer new solutions to problems outside of set parameters and to construct and provide recommendations. Uses multiple internal and external sources outside of own function to help arrive at a decision.

    • Drives commercial strategy by partnering with Region Commercial Leader and Commercial Operations, Tax, Treasury, Legal, Compliance and OTR.

    • Leads Deal Structuring and validation for complex deals (including consortium, project financing, frame agreements etc.). Coordinates with Tax, Treasury, Transfer Pricing, OTR Finance, Controllership and other functions to obtain instructions and necessary validation before bid submission, including but not limited to: terms and conditions, margins, provisions, customer requirements, guarantees and payment securities, cost estimates, manufacturing inputs and cash flow.

    • Makes effective credit rating assessment of potential customers, financing agents, subcontractors and partners to mitigate financial risks and negotiates acceptable payment terms and conditions in the contract to ensure payment security and improved cash flow.

    • Drives initiatives and partners with Commercial and Operations team to increase profitability and mitigate Past Dues. Leverages return of experience from OTR to ITO and applies learnings to new orders.

    • Acts as owner of ITO Trade Finance Instruments with the business line, negotiating wording, format, amount and conditions of such documents. Also manages the opening and timely closure of ITO bonds and guarantees with Treasury and Customers.

    Required Qualifications

    • Master / Bachelor's degree in Accounting / Finance

    • Significant experience in Finance & Commercial Finance Management. Preferably in industrial segment w/ Project Business experience (+8 years).

    • Competency in data analysis, building excel reports and presentations

    • Ability & willingness to travel occasionally.

    • Strict Compliance standards

    Desired Characteristics

    • Strong oral and written communication skills.
    • Strong interpersonal and leadership skills. Demonstrated ability to analyze and resolve problems.
    • Demonstrated ability to lead programs/projects, influence and lead teams.
    • Ability to document, plan, market, and execute. Established project management skills.
    • Strong critical thinking, ability to assess various complex issues simultaneously and prioritize.
    • Experience and comfort in a matrix environment.
    • Ability to work independently and without supervision.

    Why you should apply for a job to GE Vernova:

  • 5/5 in overall job satisfaction
  • 4.9/5 in supportive management
  • 100% say women are treated fairly and equally to men
  • 100% would recommend this company to other women
  • 100% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • Build your network and connect with other GE employees for professional development via our seven Affinity Networks.
  • We empower our people through coaching and feedback, our talent development philosophy, and even our customizable benefits programs.
  • GE offers many healthcare options; 401(k) plan; tuition reimbursement; adoption resources; employee assistance; and recognition programs.