CFO, Power Transformers

This is a fully remote position, open to applicants in United States.

📋 Description

• Collaborate with the Product Line General Manager to develop and implement business strategies.

• Oversee the financial performance of the product line, including P&L, balance sheet, and free cash flow management.

• Guide long-term strategic planning, annual budgeting, and forecasting processes.

• Conduct operating reviews, pinpoint performance deficiencies, evaluate risks and opportunities, and implement corrective measures.

• Work alongside manufacturing and supply chain leaders to enhance sales and operations planning.

• Convert production hours, labor utilization, productivity, factory output, and delivery performance into financial insights.

• Enhance project margin management through cost estimation, execution, contingency evaluation, and contract exposure reviews.

• Collaborate with Commercial leadership on pricing strategies, deal underwriting, contract negotiations, and risk assessments.

• Foster cost competitiveness through material productivity, design enhancements, labor efficiency, overhead management, and Lean initiatives.

• Spearhead working capital improvements focusing on inventory management, billing milestones, collections, overdue receivables, and supplier payment terms.

• Assess and supervise capital expenditure and capacity expansion initiatives.

• Assist in footprint optimization, restructuring, and acquisition integration efforts.

• Ensure precise financial reporting, balance sheet accuracy, and compliance with accounting policies and internal controls.

• Streamline and standardize finance processes, promoting automation and digital analytics.

• Build and cultivate a robust global finance team.

⛳️ Requirements

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.

• Significant progressive finance experience with a proven track record in senior leadership roles.

• Background in leading finance for a multifaceted industrial or manufacturing organization.

• Accountability for P&L performance, balance sheet oversight, and cash flow generation.

• Strong operational finance knowledge, encompassing manufacturing cost structures, capacity planning, labor utilization, inventory, capital investments, and productivity.

• Experience in commercial and project finance, including pricing strategies, contract risk evaluation, project margin assessments, and management of long-term customer contracts.

• Capability to translate business strategies into actionable plans, challenge assumptions constructively, and ensure the achievement of financial commitments.

• Experience in leading global teams and influencing decisions within a matrix organization.

• Proven history of enhancing margins, working capital, and forecast accuracy while maintaining robust financial controls.

• Experience in driving transformation through standardization, process enhancements, automation, and organizational change.

• Strong analytical judgment paired with exceptional communication skills.

• Dedication to talent development, building inclusive teams, and upholding high standards of integrity and accountability.

• Must possess legal authorization to work in the United States.

• A professional accounting qualification or advanced degree, experience in power equipment or transformers, and involvement in acquisition integration would be advantageous.

🏝️ Benefits

• Discretionary annual bonus.

• Medical, dental, vision, and prescription drug coverage.

• Health Coach from GE Vernova, a 24/7 nurse-based resource.

• Employee Assistance Program offering 24/7 confidential assessment, counseling, and referral services.

• GE Vernova Retirement Savings Plan.

• Tax-advantaged 401(k) savings plan with company matching contributions.

• Company retirement contributions.

• Fidelity Executive Services.

• Tuition assistance.

• Adoption assistance.

• Paid parental leave.

• Disability benefits.

• Life insurance.

• 12 paid holidays.

• Permissive time off.

• Restoration Plan providing company credits on eligible pay exceeding IRS limits.

• Relocation assistance.