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Financial Analyst - Air Conditioning New Products

Louisville, KY, United States  |  Finance  |  ID: REQ-9870

Description

Job Location

USA, Louisville, KY

Job Posting Title

Financial Analyst - Air Conditioning New Products

The Challenge

The Financial Analyst - AC NPI reports to the Product Finance Manager – Air Conditioning. This role is responsible for leading all aspects of Air Conditioning new product introduction (NPI) financials with a combined gross revenue of ~$700MM across two microenterprises. In addition, it provides key financial support in strategic planning and forecasting including annual 3-5 year long range plan, annual operating budget, and monthly short range forecast.

What you will Do

  • Lead financial analysis related to new product introduction (NPI) programs for air conditioning products that include Window and Portable AC, Purifiers, Dehumidifiers, and Built-In/TTW primarily sold through Retail Channel and Ductless, PTAC, Vertical, and RV AC primarily sold through Distributors in Air & Water Channel.  Analysis includes cost/benefit and payback calculations and future business commercial and cost financial impact. 
  • Key finance person in interaction with cross-functional program teams, including individuals from Technology, Product Management, and other Finance functions in setting standard costs and tracking actual costs post launch. Frequent communication with multiple program managers is essential. 
  • Lead role for measuring all program benefits and spending to achieve financial commitments.  Develop and utilize risk management tools and concepts to ensure flawless execution of programs.  
  • Lead all financial preparation and presentations during monthly formal program tollgate reviews including Financial, Marketing, and Program reviews. Drive accountability for variances to plan and delays in program execution. 
  • Lead monthly NPI tracking and reporting analysis post launch including orders, sales, margin, implementation costs, and other NPI scorecard measurements 
  • Additional support of Programs including Technology, Quality and Supply Chain (other elements of R&D) 
  • Provide detailed NPI program financials including volume, sales, and profit margin metrics 
  • Work with Technology and Product Management teams to roll up multi-year NPI spend budget (R&D) 
  • Complete monthly NPI investment and expense forecast and variance analysis 
  • Responsible for monthly closing and quarterly account reconciliation requirement for Air Conditioning products  
  • Provide ME team’s with regular sales and financial visibility through recurring and ad-hoc reporting and analysis  

What you need to Succeed

  • Bachelor’s degree in Accounting, Finance, or related field.
  • Minimum of three (3) years’ Finance experience.
  • Strong systems skills; i.e. Excel, PowerPoint , Access, and Oracle/ERP reporting tools.
  • Qualified candidates will encompass GEA's Core Finance Competencies which include:
    • Financial Management (Builds reliable and accurate financial statements, forecasts, and models to provide the business with the best information to make decisions, prioritize, solve problems, and drive strategy. Leverages knowledge of financial/accounting and business expertise.)
    • Operational Execution (Develops, executes, and optimizes best-in-class processes that enhance the business’ ability to deliver on leading goals.)
    • Business Partnership (Supports, strategizes, challenges, and drives the right business decisions with an independent view while serving as trusted advisors and valued members within the Finance organization and our cross functional partners to enable growth.)
    • Communication Ability (Articulates financial concepts and information through verbal and written communication skills. Understands the audience to create presentations, proposals, emails, and meetings to demonstrate an idea or solution in a clear and concise manner.
    • Controllership/Risk Management (Builds strong processes and provides inputs to align business projects and transactions with internal controls framework, accounting policies, related disclosures, and compliance policies. Ensures that potential risks are identified and mitigated and escalates issues that exceed risk tolerance.)

GE Appliances 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.

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