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Careers in Corporate Finance

GE’s Financial Management Program

Sean TriplettFinance Manager, Global MRI BusinessGE Medical Systems

e My Background• Education

– Indiana University, BS ‘94 Finance and Business Economics & Public Policy

– Bellarmine College, 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 Sales Channel• Finance Manager, Bloomington Production Operations, LLC

– GE Medical Systems (2002-Present)• Finance Manager, Global MRI Business

Eight Years Corporate Finance Experience

e What is Corporate Finance?

Corporate Finance at GE 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.

Controllership

Reporting

Analysis

Critical Thinking

Strategy

Adding Value and Leadership to the Business

Leaders

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Professional Background of Top CEO’s...

1970’s 1980’s & 1990’s

Finance Has Become The Preferred Road To The Top

e Finance Leadership Traits

• Role Model Integrity (Controllership)• Grounded in Reality• Drive Business Process Discipline• Understand Strategy & Integrate Decisions• Provide Consistent & Meaningful Financial Information• Have Independent Views (“Raise the Flag”)• Be a Catalyst... Drive the Business to Make Hard Choices• Develop Individuals & Teams (Technical Competency)• Bottom Line Focus & Impact• Engaged in Operations (“In the Boat”)

Not Just Counting the Beans, but Growing the Beans

e

Financial Management

Program

GE Focused Coursework Leadership

Training

Mentoring & Networking Exposure

Rotational Assignments

Continuous Feedback

Emphasis on Total Development . . .Financial, Leadership and

Personal

Rotational Training Programs

eFinancial Planning

& Analysis• Product Line

Profitability• Long/Short Term

Forecasting• Variance Analysis

• Risks & Opportunities

Accounting/Auditing

• Financial Reporting• Closing the Books

• Accounting Standards

E-Business• Customer Web

Centers• E-Auctioning• Fulfillment

Operations Analysis• Mfg. Cost Analysis

• Sourcing• Supply Chain Management

Sales & Marketing Finance• Pricing

•Orders Analysis• New Product Introduction

Challenging Work

Structured Assignments•Defined Deliverables

•Regular Reviews

Diverse Experiences

Key To Development Is Variety Of Experience

Business Development• Due Diligence• DCF Analysis

• Deal Structuring

Quality• Six Sigma Tools

• Root Cause Analysis

• Variation• Span

Corporate Finance Rotations

e4 Intensive Graded Courses . . . Taught by GE Finance Professionals

• Financial & Management Accounting

• Business Planning• Financial Statement

Analysis• Process Improvement

Foundations• CD-Rom Based• Interactive Self-Study +

Classroom Sessions

• Cost Management• International Operations and

Related Risks• Financial Services

Operations• CD-Rom Based• Interactive Self-Study +

Classroom Sessions

• Risk Assessment and Mitigation

• Controllership• Audit Processes

Controls• On Line meetings• Web-Based Self-Study• Classroom Sessions

• Operational Strategy• Competitive Analysis• Customer Economics

Strategy• Case Study Based• Classroom Sessions

Develops a Common Functional Skill Set

Building Technical and Leadership Skills

eFinancial 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 and Outcomes

Critical Thinking Skills

Finance Skills

Basic Courses Advanced Courses

Working Knowledge In-Depth Understanding

Critical Thinking Skills•Analyze Situations and Strategies Against Logical Criteria, Evaluate Potential Outcomes

•Move from Factual Results to Root Causes, Combine Knowledge, Experience & Judgement with Data

•Evaluate Information, Anticipate Consequences and Develop Recommendations

We Want You to Build Skills, Not Merely Accomplish Tasks

Skills Development

eAmandaAmandaAmandaAmanda

Graduated From FMP Plastics,

Pittsfield, MA

• GE Plastics, Pacific Operations Financial Analyst (Singapore) (18 Months)

• GE Audit Staff, Associate Auditor (2 years)

• GE Capital, GEFA -- Marketing Financial Analyst (18 months)

• GE Capital GEFA -- Senior Financial Analyst, Variable Annuity Product (1 year)

• Current Position: Finance Manager, GECS Card Services – Exxon/Mobil

Graduated From FMP Medical Systems,

Milwaukee, WI

• GE Audit Staff (1 year off-program)

• Associate Auditor (18 months)

• Capital Audit Manager (1 year)

• Capital Senior Audit Manager (1 year)

• Capital Executive Audit Manager

(18 months)

• Current Position: CFO, GE Insurance Holdings

TrevorTrevorTrevorTrevor

The Training is Universal…The Experience Is As Individual As You Are

Career Paths - Two Examples

eAverage 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%

A Look at the Experience of the 20 Largest Business CFO’s Shows …

FMP & Corporate Audit Staff are Global & Multi-Business Experiences that are Highly

Valued

…and 50% of these Businesses CEO’s came through FMP/CAS!

Where the Career Path Leads