General Electric Finance Transition & Process Leader in Boston, Massachusetts
A dedicated role has been established to successfully lead and oversee the process of separating and standing up the finance function outside GE.
The finance lead is responsible for setting the direction across all finance sub-functional areas, establishing coordinated execution plans, and driving the execution of the transition plans. The lead is responsible for working with the overall Transition leadership and other functional transition leads, addressing functional specific issues, risks and dependencies and escalating cross functional issues, risks and dependencies as needed for resolution. The role will also execute opportunities to drive incremental finance process improvements and synergies where possible.
Provides overall leadership and decision making for the Finance transition workstream
Work with Finance and Transition leadership to understand strategic direction and translate into execution
Make key decisions to inform the planning and execution of the finance transition
Provide methodology for consistency and coordination across the Finance workstream
Establish finance transition timeline, milestones, and prioritize critical activities
Manage the entire finance end-to-end transition process, from planning through execution, to achieve key transition objectives
Monitor and report results
Develop Finance transition plans and identify synergy opportunities
Identify critical tasks at the functional level required to execute the transition efforts
Identify functional resources required, manage transition budget and longer term budget target
Manage the team through a thorough an assessment of company policies, processes and procedures to identify gaps and changes required for the new operating structure
Manage the team through functional stand-up of new roles, replacement roles for Global Operations services or alignment of resources transferred from Global Operations
Develop synergy opportunities and recommendations for functional structure
Manage execution of functional transition plan
Drive and direct transition team activities, including synergy execution
Identify significant change management issues and develop necessary action plans to address
Manage diverse team of cross company employees, follow-up with resources and assigned tasks
Determine cross-functional work stream requirements and engage with functional areas to address (e.g., name change, legal entity)
Identify key risks and issues and mitigate or escalate as necessary
Collaborate with functional teams to address cross functional dependencies
Specific functional projects include: TSA inputs and negotiation, TSA exit and replacement services post-close, systems separation and/or stand-up, Treasury function set-up, Global Operations alignment, Statutory and Tax reporting set-up
Provide updates to key stakeholders on an on-going basis
Monitor day to day progress of functional transition
Provide regular updates to PMO
Build consensus and buy-in with key stakeholders
Share progress and key decisions with functional leader and teams on an on-going basis
Bachelor's Degree in Finance or related field from an accredited university or college
Minimum of 10 years of finance experience in a large, matrixed organization (Including Experience with complex change management and/or organization development activities)
Minimum of 4 years of experience in a role demonstrating solid experience in difficult, transformation efforts Desired Characteristics:
MBA from an accredited university or college or equivalent graduate degree
GE Finance experience
Experience in treasury processes (e.g. banking strategy, cash management, liquidity planning, funding model set-up, factoring)
Experience in M&A accounting processes (e.g. financial valuation, goodwill calculation, opening balance sheet, etc.)
Ability to quickly come up the learning curve on complex transactions and financials
Experience with SAP and Hyperion
Experience with Legal Entity structure, set-up process, statutory accounting
Certified Six Sigma, Black Belt or Master Black Belt
Demonstrated project management skills
Strong analytic and decision-making abilities
Ability to prioritize and manage multiple, and at times, competing priorities and deliverables
Ability to comprehend, break-down and explain complex business concepts and/or processes, and connect the dots on operational implications beyond Finance function
Ability to work in a fast-paced environment with tight deadlines
Must be self-directed, with ability to work both independently and collaboratively
Must be flexible and able to adapt quickly to change
Strong written and verbal communication skills, as well as excellent organizational, time management, and follow-through skills
Demonstrated group facilitation skills
Ability to influence others and move toward a common vision or goal
Strong skills with PowerPoint, Excel, Word; Exposure to Visio, SharePoint and MS Project
GE (NYSE:GE) drives the world forward by tackling its biggest challenges. By combining world-class engineering with software and analytics, GE helps the world work more efficiently, reliably, and safely. GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GE’s mission and deliver for our customers. Learn More about GE
Current is a first-of-its-kind energy company designed to meet the unique needs of a wide range of Commercial & Industrial, municipal and utility customers. It brings together capabilities including LED lighting and Solar technologies, along with new financing and software solutions to offer integrated energy solutions aimed at delivering increased reliability, efficiency and profitability.
Join us and you’ll find yourself in a dynamic atmosphere working with the most talented people in the industry in an open, developmental environment with abundant opportunities to learn, grow and advance within the organization.
Note: GE announced it has signed a proposed agreement to sell Current, powered by GE to American Industrial Partners (AIP), a New York-based private equity firm.
GE offers a great work environment, professional development, challenging careers, and competitive compensation. GE is an Equal Opportunity Employer at http://www.ge.com/sites/default/files/15-000845%20EEO%20combined.pdf . Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
Locations: United States; Massachusetts; Boston
GE will only employ those who are legally authorized to work in the United States for this opening.