110 likes | 249 Views
Careers in Corporate Finance. This is . Sean Triplett. My Background. Education Indiana University, BS ‘94 Finance and Business Economics & Public Policy Bellarmine University, MBA ‘99 Work Experience McDonnell Douglas Corporation (1994-1996)
E N D
Careers in Corporate Finance This is Sean Triplett
My Background • Education • Indiana University, BS ‘94 Finance and Business Economics & Public Policy • Bellarmine University, MBA ‘99 • Work Experience • McDonnell Douglas Corporation (1994-1996) • Fiscal Analyst, Fiscal Development Program • GE Appliances (1996-2002) • Financial Analyst, After-market Parts Sales • Finance Manager, Six Sigma Quality • Finance Manager, Home Products & Services • Finance Manager, Bloomington Production Operations, LLC • GE Healthcare Technologies (2002-Present) • Finance Manager, Global MRI Business • Manager, Americas Financial Planning & Analysis • Manager of Finance, Americas Diagnostic Imaging Equipment 11 Years Corp Finance Experience
Strategy Critical Thinking Analysis Reporting Controllership What Is Corporate Finance? Corporate Finance can be described as all the financial activities required to successfully run a business: accounting, budgeting, financial analysis, cash management, and treasury operations. It is operational in nature, not deal financing or investment banking. Leadership & Business Value Adding Value and Leadership to the Business
Many Rotational Training Programs * Ford revised its training program in 2003. Source: CFO Magazine, “Great Expectations”, Nov 2004.
Financial Management Program • Intensive 2-year entry-level program • 4 different rotational assignments • Minimum of one geographic move • 4 technical courses & Six Sigma training Basic Fundamentals • Mentoring & networking • FMP/Manager outings, job shadowing • Continuous feedback • Midterm & Final appraisals each rotation • Leadership training: Foundations of GE Leadership Learn & Grow • Exposure to senior leaders • Roundtable discussions, FMP Conferences • Corporate Citizenship • Junior Achievement, Habitat for Humanity • Affinity Groups • - African American Forum, Asian Pacific Forum, Hispanic Forum, Women’s Network Network Network The building blocks for a successful career at GE
The Basics Emphasis on Total Development …Financial, Leadership, and Personal 4 Technical Courses Leadership Training 4 Rotations 2 Year FMP Program Exposure to Senior Leaders Mentoring & Networking Continuous Feedback
Rotations Challenging & meaningful assignments, defined deliverables & diverse experiences • Financial Planning & Analysis: Product Line Profitability, Long/Short Term Forecasting, Variance Analysis, Risks & Opportunities • Commercial Finance: Pricing, Orders Analysis, New Product Introduction • Six Sigma: Root Cause Analysis, Variation, Span • Business Development: Due Diligence, DCF Analysis, Deal Structuring • Accounting/Auditing: Financial Reporting, Closing the Books, Accounting Standards • Operations Analysis: Mfg. Cost Analysis, Sourcing, Supply Chain Management
What Do the Assignments Look Like? FMP offers a wide variety of rotations and locations • 1st Rotation:FP&A Analyst, Vendor Financial Services -- Danbury, CT • 2nd Rotation:Pricing Analyst, Vendor Financial Analyst – Danbury, CT • 3rd Rotation:Marketing Finance Analyst, Commercial Real Estate -- Stamford, CT • 4th Rotation:FP&A Analyst, European Equipment Finance – London, England Kevin GE Consumer Finance Off-program Assignment: Corporate Audit Staff Associate • 1st Rotation: Global Tax & Treasury Analyst – Milwaukee, WI • 2nd Rotation: Variable Cost Productivity Analyst, Global Sourcing – Milwaukee, WI • 3rd Rotation: Financial Analyst, GE Medical Information Technology – Chicago, IL • 4th Rotation: Metric Leader, Equipment Pricing – Milwaukee, WI Heather GE Healthcare Off-program assignment: Financial Analyst, Business Development
Curriculum & Skill Development 4 Intensive Graded Courses … Taught by GE Finance Professionals • Foundations: Online, Interactive self-study & Classroom sessions • Financial & Management Accounting • Business Planning • Financial Statement Analysis • Process Improvement • Operations: Online, Interactive self-study & Classroom sessions • Cost Management • International Operations and Related Risks • Financial Services • Controls: Online, Web based self-study, Classroom sessions • Risk Assessment and Mitigation • Controllership • Audit Processes • Strategy: Case study based, Classroom sessions • Operational Strategy • Competitive Analysis • Customer Economics
Where the Career Path Leads 20 largest business CFO’s FMP & Corporate Audit Staff are Global & Multi-Business Experiences that are Highly Valued • Average Years with GE 18 • FMP Graduates 70% • Corporate Audit Staff (CAS) Experience 65% • Average Number of GE Businesses 4 • Global Experience 60% • Cross-Functional Experience 35% • External Experience 30% And 50% of these Businesses CEO’s came through FMP/CAS!