Financial Modeling Specialist
Location
Grand Rapids, MI | United States
Job description
Job Description Summary
The Financial Modeling Specialist owns the financial model and the assumptions used to underpin any long-term product support offering made to a customer. This can be both in the form of standalone aftermarket models (supporting single customers) or complete aftermarket models which can be used alongside a Production business case when looking at New Product Introduction (NPI) deals.
In this role, you will work with a wide network of functions, sites & businesses to obtain, understand and scrutinize inputs and assumptions. This will result in a robust business case with documented assumptions and an ability to articulate financial contract risk to the business in the deal review forum. You will be responsible for modelling and providing commercial insight through all stages of the bid process, from identification, through to negotiation. They will also be responsible for elements of measuring the effectiveness of existing contracts through the contract margin review (CMR) process.
Job Description
Roles and Responsibilities
- Focus on business strategic captures while creating and maintaining models based on both commercial and technical inputs from multiple business functions
- Outputting a robust business case and being able to articulate areas and levels of risk within the financials
- Liaising with multiple business functions, sites & customers to build accurate, efficient models which create value for the customer and identify risk to the business
- Providing commercial expertise around competitive landscape, market dynamics, value upselling, supplier dynamics & other cost and price drivers
- Achieving required approvals from the business for submission of proposals to customer and then working with the bid team through the negotiation stage of the proposal to arrive at a contract award
- Completing sensitivity analysis to quantify the impact of acknowledged risks triggering and understanding the likelihood of them triggering
- Contributing to the building of customer offer letters and completion of customer pricing volumes to ensure the models translate into the price the customer sees and pays accurately
- Engaging with the bid team and the customer to understand first hand what the customer values and how the business can provide the most impact and protect its operations
- Participating in tollgate three handovers ensuring program teams understand the construct of the contracted service and the risks identified through the modelling process
- Contributing to the CMR process where required to understand existing contract performance and update forecasts to create annually refreshed views of contracts
- Completing Product Platform Reviews (PPR’s) on strategic platforms to produce an agreed reliability and cost base for use in deals
- Driving continuous improvement through process and tool upgrades in particular management and improvement of the common model tool used for modelling deals
- Creating and maintaining accurate records of models, including storage, configuration control and documentation of assumptions & their sources
Required Qualifications
- Bachelor’s Degree from an accredited college or university
- A minimum of 4 years of experience within a Business, Finance, or Engineering role
Desired Characteristics
- Strong commercial acumen
- Solid Data Analytics
- Advanced MS Excel experience
- Strong oral and written communication skills
- Demonstrated ability to analyse and resolve problems
- Ability to document, plan, market, and execute programs
- Established project management skills
Some of our competitive benefits package includes:
- Medical, dental, and vision insurance that begins on the first day of employment
- Permissive time off policy for newly hired employees
- Generous 401(k) plan
- Tuition Reimbursement
- Life insurance and disability coverage
- And more!
This position may be eligible for the following flexible work arrangements (FWA):
- Hybrid work schedule located near a GE Aerospace facility (i.e. Grand Rapids, MI; Clearwater, FL, Evendale, OH; or Bohemia, NY)
The base pay range for this position is 96,400-160,600. The specific pay offered may be influenced by a variety of factors, including the candidate’s experience, education, and skill set. This position is also eligible for an annual discretionary bonus based on a percentage of your base salary/ commission based on the plan.
Additional Information
GE offers a great work environment, professional development, challenging careers, and competitive compensation. GE is an Equal Opportunity Employer . 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.
GE will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable).
Relocation Assistance Provided: No
#LI-Remote - This is a remote position
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