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Financial Management Program.

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Presentation on theme: "Financial Management Program."— Presentation transcript:

1 Financial Management Program

2 Finance at GE Join A World Class Team!
Winner of “Training and Building a Finance Team” Award CF0 Magazine “GE Offers the Best in Hands-On Experience and Prepares Young People for as Much Responsibility as They Can Handle” PN Roy Financial Executives Institute “The Team’s Main Goal Is To Groom Finance Professionals Who Are Adept at Growing the Beans as Well as Counting Them.” CFO Magazine “GE Is Considered the Benchmark. It’s One of the Leaders in Innovative Training and Cultural Change.” A. Cowan, Chrysler Corporation Join A World Class Team!

3 Rotational Assignments Mentoring & Networking
“The Basics” GE Focused Coursework Leadership Training Rotational Assignments FMP Development 2 Years Mentoring & Networking Exposure Continuous Feedback Emphasis on Total Development . . . Financial, Leadership and Personal

4 We Want You to Build Skills, Not Merely Accomplish Tasks
Skill Development 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 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 and Judgement with Data Evaluate Information, Anticipate Consequences and Develop Recommendations We Want You to Build Skills, Not Merely Accomplish Tasks

5 Rotations Sales & Marketing Finance Financial Planning & Analysis
Pricing Orders Analysis New Product Introduction Financial Planning & Analysis Product Line Profitability Long/Short Term Forecasting Variance Analysis Challenging Work Structured Assignments Defined Deliverables Regular Reviews Diverse Experiences Quality Six Sigma Tools Root Cause Analysis Variation Span Accounting/Auditing Financial Reporting Closing the Books Accounting Standards Operations Analysis Mfg. Cost Analysis Sourcing Meaningful Assignments That Have Real Impact On Bottom Line… Key To Development Is Variety Of Experience

6 FMP Develops a Common Functional Skill Set
Coursework Operational Strategy Competitive Analysis Customer Economics Strategy Case Study Based Classroom Sessions 4 Intensive Graded Courses . . . Taught by GE Finance Professionals Risk Assessment Audit Techniques - Operational and Financial Controls Controllership Case Study Based Classroom Sessions Cost Management International Operations and Related Risks Financial Services Operations CD-Rom Based Interactive Self-Study + Classroom Sessions Green Belt Certification Financial & Management Accounting Business Planning Financial Statement Analysis Process Improvement Foundations CD-Rom Based Interactive Self-Study + Classroom Sessions FMP Develops a Common Functional Skill Set

7 Highly Valued FMP Graduates 70% Corporate Audit Staff Experience 65%
A Look at the Experience of the 20 Largest Business CFOs Shows … FMP Graduates % Corporate Audit Staff Experience 65% Average Number of GE Businesses 4 Global Experience % Cross-Functional Experience % External Experience % …and 50% of these Businesses CEOs came through FMP/CAS! FMP & Corporate Audit Staff are Global & Multi-business Experiences that are Highly Valued

8 Future GE Leadership Pipeline
FMP in India Started in the Year 1994 Total Graduates till date: 66 OFF program FMP’s into Global GE roles: 28 (India: 38) Current FMP’s on Program: 40 Some key leadership positions include: Finance Controller, GE Industrial Systems, Asia Pacific Manager Finance, Industrial Systems, Middle East Asia Pacific Risk and Cash Flow Manager in Japan Investments Manager for Asia in US Future GE Leadership Pipeline

9 What Do The Assignments Look Like? Wide Variety Of Rotations
Priya Oscar Amarjyoti Barua FMP 2001 Batch 1st Rotation: Manufacturing Finance, GE Appliances - Mumbai 2nd Rotation: Financial Planning & Analysis, GE Medical Systems -- Bangalore 3rd Rotation: Pricing, GE Countrywide -- Mumbai 4th Rotation: Audit Staff Rotation, USA Off Program Assignment: Corpoarte Audit Staff -- USA FMP 2001 Batch 1st Rotation: Financial Planning & Analysis, SBI Cards -- Delhi 2nd Rotation: Operations Analysis, GE Corporate -- Delhi 3rd Rotation: Manufacturing Finance, GE Appliances -- USA 4th Rotation: e-biz Operations Analysis -- GE Capital, Delhi Off Program Assignment: Chief Financial Officer, GE Global Technology Solutions, Bangalore Wide Variety Of Rotations

10 Ready to Learn, Contribute, and Succeed
We’re Looking For... Demonstrated Leadership Experience Academic Excellence Analytical Ability Strong Communication and Interpersonal Skills Relevant Academic and/or Work Experience (Applicants with months experience) Ready to Learn, Contribute, and Succeed

11 We Invest In Your Future!
So Why Should I Join? Opportunity for Unparalleled Career Growth Company that Is Strong, Diverse, and Global Chance to Make Meaningful Contribution to Business Exposure to Business Leaders Continuous Development - Learning Culture Culture that Recognizes and Rewards Excellence We Invest In Your Future!


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