GE Ventures - New Business Creation - Finance & Ops Intern
Posted 11/8/2017 10:50:23 PM
Job Function:Business Management
Business Segment: Corporate Business Innovations
Location(s): United States; California; Menlo Park
About Us: GE is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. Through our people, leadership development, services, technology and scale, GE delivers better outcomes for global customers by speaking the language of industry. GE offers a great work environment, professional development, challenging careers, and competitive compensation. GE 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.
Role Summary: The NBC FinOps Associate will provide value-add finance and operational support to NBC and Licensing by facilitating business design, formation, and acceleration. Key role of the NBC FinOps Associate will be to operationalize financial modeling and manage overall NBC portfolio model. This role will help to pave the path for quick and swift scaling of our new business creation and licensing initiatives, which span across industries and geographies.
In this role, you will:
Partner closely with New Business Creations and Licensing leadership team to understand pipeline of activities and stage gates for financial modeling needs
Set up processes and rhythm to assess NewCo and Licensing requirements to identify Total Addressable Market, revenue forecasts and costs projections for all stages of deal and incubation lifecycle, create action plan for delivery of needs at each stage gate
Design optimal approach to achieve a financial opinion on the value of potential Newco’s
Gatekeeper to finance model; partner with team members to update throughout diligence process
Provide post-funding services including but not limited to cash flow modeling, 1-3-5 year P&L forecasts and pricing strategies
Build strong working relationships with NewCo / Licensing stakeholders; make periodic / sporadic site visits as needed
On an ongoing basis, update NBC portfolio model and provide forward looking forecasts to determine impact of future investments and funding opportunities
Work closely with the Ops Manager and with fellow associates to drive value for NewCos and Licensing arrangements
Be responsible for GEV brand and reputation management throughout all interactions
Partner with GE Corporate sourcing to simplify GEV procurement process and implement for all GEV
Driving a high performance culture by fostering innovation, customer focus, personal accountability, commitment for results.
Bachelors’ degree; >2 years working experience in investment banking, M&A, private equity
Current enrollment in MBA or other graduate degree program
Demonstrated financial modeling expertise
Demonstrated operational expertise and strong business acumen
Demonstrated experience working in a matrix environment, having partnered across functions
Excel expertise required; systems experience preferable (e.g., Hyperion, project planning)
Eligibility Requirements: (Country Specific)
Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job
Any offer of employment is conditioned upon the successful completion of a background investigation and drug screen
Advanced degree in Business Administration, Operations, or comparable program
Resilient self-starter with proven success in operations, new business creation, or business development
Excels in team-oriented environment, interacting with Senior and Junior resources
Strong experience managing high-priority projects and multi-disciplinary teams
Excellent organization, multi-tasking, and time management skills
Proven ability to work creatively and analytically in a problem-solving environment
Ability to energize, develop, and build rapport at all levels within an organization
Strong judgment and the ability to analyze options and their implications
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