Commercial Finance Specialist at General Electric (GE)

GE (NYSE:GE) drives the world forward by tackling its biggest challenges. By combining world-class engineering with software and analytics, GE helps the world work more efficiently, reliably, and safely. GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GE’s mission and deliver for our customers.

We are recruiting to fill the position below:

Job Title: Commercial Finance Specialist

Job ID: R3649101
Location: Lagos, Nigeria
Category: Finance
Level: Mid-Career 

Job Description Summary

• The Finance Specialist will support the commercial and finance teams on customer financial profile evaluation, recommendation on credit limits and suggest payment security to be negotiated.
• Over that, this position will also support overall commercial finance scope such as data consolidation & reporting for ITO (Inquiry to Order) for HDGT & Aero Service Lines

Roles and Responsibilities

• Partner closely with Sales and Commercial team to review the profitability and T&Cs of new deals per the DOA guideline
• Support commercial data tracking (Orders / CCM / Down Payments / financials per deal) and analysis for pacing (QMI).
• Focus on strengthening of sales process to drive the accuracy of sales, margin, and cash from new orders forecasts
• Recommend payment security to commercial team to negotiate based on credit evaluation
• Review contracts to identify and mitigate Commercial Finance risks, work with the Sales / Commercial Operations / Tax / Treasury teams to structure deals that maximize profitability and minimize exposure
• Structure transaction Terms & Conditions to optimize revenue recognition, cash collection and reduce financial risk exposure
• Manage Bank Guarantees, Foreign Exchange transactions, and other financial instruments to be issued for the contracts
• Calculation of region Sales Incentives Plan (SIC) - ensure payout are as per defined rules for each business.

Required Qualifications

• Graduation Degree in areas like Business Administration, Accounting, Finance, Economics, or related disciplines.
• 3- 5 years experience in Finance (FP&A, cash flow evaluation, commercial finance, accounting for instance)
• Fluency in spoken and written French an Advantage

Desired Characteristics:

• Strong communicator with the confidence to challenge, influence and support at all levels
• Demonstrable experience in continuous improvement and driving financial performance
• Ability to ‘look around the corners’ - anticipate, identify, and resolve complex financial issues
• Proven commercial acumen and negotiation skills gained through experience in dealing with complex contracts.

Application Closing Date
Not Specified.