THIS IS careers in corporate finance Corporate Finance Rotational Training & Leadership Development Programs GE’s Financial Management Program Sean Triplett Manager of Financial Planning & Analysis Americas Equipment & Healthcare Services GE Medical Systems g THIS IS g Education – Indiana University, BS ‘94 Finance and Business Economics & Public Policy – Bellarmine College, MBA ‘99 my background Work Experience – McDonnell Douglas Corporation (1994-1996) • Fiscal Analyst, Fiscal Development Program – GE Appliances (1996-2002) Nine Years Corporate Finance Experience • Financial Analyst, After-market Parts Sales • Finance Manager, Six Sigma Quality • Finance Manager, Home Products & Services Sales Channel • Finance Manager, Bloomington Production Operations, LLC – GE Medical Systems (2002-Present) • Finance Manager, Global MRI Business • Manager, Americas Financial Planning & Analysis • Manager, Americas Equipment Finance THIS IS what is corporate finance? Adding Value and Leadership to the Business g 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. Strategy Critical Thinking Analysis Reporting Controllership THIS IS Professional Background of CEO’s... Financial Legal Other Gen'l Mgmt Engineering Other Engineering Gen'l Mgmt Production the changing face of business leaders Marketing Yesterday Today Legal Production Marketing Financial Finance Has Become a Preferred Path to the Top g THIS IS g financial management program Intensive 2 year entry-level program spanning 4 rotational assignments Hands-on experience may include: financial planning, accounting, operations analysis, auditing, forecasting, treasury/cash management, commercial finance and Six Sigma quality Combines coursework, job assignments and interactive seminars to equip you with exceptional technical, financial and business skills Led by senior GE professionals and mentors Develops world-class financial leaders for exciting positions THIS IS GE Focused Coursework Rotational Assignments Leadership Training the basics FMP Development 2 Years (4 rotations) Emphasis on Total Development …Financial, Leadership, and Personal Exposure Mentoring & Networking Continuous Feedback g THIS IS g rotations challenging and meaningful assignments, defined deliverables and diverse experiences Financial Planning & Analysis: Product Line Profitability, Long/Short Term Forecasting, Variance Analysis, Risks & Opportunities Sales & Marketing Finance: Pricing, Orders Analysis, New Product Introduction Quality: Six Sigma Tools, Root Cause Analysis, Variation, Span E-Business: Customer Web Centers, E-Auctioning, Fulfillment 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 THIS IS curriculum 4 Intensive Graded Courses … Taught by GE Finance Professionals > Foundations: CD-Rom based, Interactive self-study & Classroom sessions • Financial & Management Accounting • Business Planning • Financial Statement Analysis • Process Improvement > Operations: CD-Rom based, Interactive self-study & Classroom sessions • Cost Management • International Operations and Related Risks • Financial Services > Controls: On-line meetings, 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 g THIS IS g skill development We Want You to Build Skills , Not Merely Accomplish Tasks Financial Skills Working Knowledge of Financial Accounting, Management Accounting and Business Measurements Analysis of Drivers, Relationships and Results, Clearly and Concisely Communicated Ability to Quantify Benefits, Risks, & Outcomes Critical Thinking Skills Analyze Situations and Strategies Against Logical Criteria, Evaluate Potential Outcomes Move from Factual Results to Root Causes, Combine Knowledge, Experience and Judgement with Data Evaluate Information, Anticipate Consequences and Develop Recommendations THIS IS g sample career paths The training is universal… the experience is as individual as you are Archana GE Medical Systems – IT, GPC Finance Leader (13 Months) GE Medical Systems – IT, Finance Integration Manager (10 Graduated from FMP Medical Systems months) Current Position: e-Finance Black Belt, Quality, GE Medical Systems Mike Graduated from FMP Plastics GE Audit Staff • Associate I (1 year) • Associate II (1 year) • Audit Manager (1 year) • Senior Audit Manager • Executive Audit Manager > Current Position: Commercial Finance Manager, GE Consumer Products THIS IS g 20 largest business CFO’s FMP & Corporate Audit Staff are Global & Multi-Business Experiences that are Highly Valued where the career path leads Average Years with GE 18 FMP Graduates 70% Corporate Audit Staff 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!