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General Electric Risk Modeling Analyst in Atlanta, Georgia
Job Description Summary
Review, update and analyze complex financial & operational models for Multi Year Service Agreements signed between the Gas Power business unit and customers, mainly utilities, to maintain their Gas Turbine Power Plants, using a proprietary modeling tool and following strict policies and guidelines, while ensuring the accuracy of the financial model, process rigor and compliance as well as identifying potential contract risks, including commercial, technical & operational risks, as well as opportunities for productivity
Partner with Operations & Finance teams to perform annual review of the financial performance vs. budget and update projections for each contract. Understand contractual terms & conditions; identify potential risks & opportunities
Understand gas turbine technology operating & maintenance considerations.
Understand Multi Year agreements policies, modeling procedures & business forecasting standards.
Drive modeling uniformity through close collaboration with the rest of the global Modeling team as well as with the Technology & Productivity organization, Finance, Operations and Commercial teams.
Provide detailed scenario & variance analysis; identify & recommend ways to maximize contractual profitability.
Provide training and analytical support to the Operations team in ongoing contract execution to maximize contract profitability based on unit operational profile, contractual requirements, technology state of the art and financial / accounting rules within GE Gas Power.
Support Operations team on financial forecasting and renegotiations analysis by executing What-If Simulations and scenarios for different operating / contractual alternatives.
Partner with Risk, Commercial & Operations teams during the handover process for new contracts by providing Quality Assurance and Controllership of the Financial Model.
Partner with Risk Finance leaders, Operations team and HQ Controllership to support the implementation of new revenue recognition standards into the modeling tool.
Asses and review the accounting policy updates into the financial models as needed, analyzing and reporting financial impacts
Reduce cycle time for the Contract Margin Review process by means of improving the Modeling Tool with a close collaboration with the IT team of project managers & software developers.
Support and implement simplification initiatives to expedite the analytical review of the contracts and reduce low value activities on the Contract Review Process.
Communicate regarding all of the above topics to any level of management; proactively engage others and influence to drive action.
Bachelor’s Degree preferably in Engineering, Finance or Technical field from an accredited university or college complemented with experience in industrial area.
Advanced MS Excel user with experience on sensitivity analysis & simulation processes.
At least 3 years’ work experience, ideally in an analytical role, or project/process management role, combined with business exposure.
Very strong analytical and problem solving skills combined with great communication ability.
Results oriented and deadline driven personality
Fluent in English
GE offers a great work environment, professional development, challenging careers, and competitive compensation. GE is an Equal Opportunity Employer (https://assets.phenompeople.com/CareerConnectResources/GE11GLOBAL/en_global/desktop/assets/images/poster_screen_reader_optimized_w_supplement.pdf) . 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.
GE will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable).
Relocation Assistance Provided: No