Commercial Finance Specialist at GE - General Electric

Job Description Summary

The Finance Specialist will support the commercial and finance teams on customer financial profile evaluation, recommendation on credit limits and suggest payment security to be negotiated.
Over that, this position will also support overall commercial finance scope such as data consolidation & reporting for ITO (Inquiry to Order) for HDGT & Aero Service Lines

Job Description

Roles and Responsibilities

• Partner closely with Sales and Commercial team to review the profitability and T&Cs of new deals per the DOA guideline
• Support commercial data tracking (Orders / CCM / Down Payments / financials per deal) and analysis for pacing (QMI).
• Focus on strengthening of sales process to drive the accuracy of sales, margin, and cash from new orders forecasts
• Recommend payment security to commercial team to negotiate based on credit evaluation
• Review contracts to identify and mitigate Commercial Finance risks, work with the Sales / Commercial Operations / Tax / Treasury teams to structure deals that maximize profitability and minimize exposure
• Structure transaction Terms & Conditions to optimize revenue recognition, cash collection and reduce financial risk exposure
• Manage Bank Guarantees, Foreign Exchange transactions, and other financial instruments to be issued for the contracts
• Calculation of region Sales Incentives Plan (SIC) - ensure payout are as per defined rules for each business.

Required Qualifications

• Graduation degree in areas like Business Administration, Accounting, Finance, Economics, or related disciplines.
• 3- 5 years experience in Finance (FP&A, cash flow evaluation, commercial finance, accounting for instance)
• Fluency in spoken and written French an Advantage

Desired Characteristics

• Strong communicator with the confidence to challenge, influence and support at all levels
• Demonstrable experience in continuous improvement and driving financial performance
• Ability to ‘look around the corners’ - anticipate, identify, and resolve complex financial issues
• Proven commercial acumen and negotiation skills gained through experience in dealing with complex contracts

Additional Information

Relocation Assistance Provided: No