P&SM Commodity Finance Leader

General Electric Company

$120K — $145K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in finance/accounting or equivalent experience (6+ years)
  • Experience managing finance employees
  • Strong relationship-building skills with operational leaders
  • High-level expertise in financial planning and analysis (FP&A)
  • Proven commercial contracting and restructuring expertise
  • Ability to communicate complex information effectively
  • Demonstrated experience with AI in process improvements

Responsibilities

  • Direct Commodity teams on deal performance and KPI monitoring
  • Maintain and enhance commercial deal principles across teams
  • Lead preparation for sourcing deal reviews
  • Partner with Deal Factory Process Owner on deal management
  • Oversee execution of financial requirements for supplier agreements
  • Establish standards for contract execution and supplier payments
  • Drive standardization and simplification of sourcing finance projects

Benefits

  • Relocation assistance provided
  • Opportunities for process improvement and AI adoption
  • Collaborative work environment with cross-functional teams
  • Chance to manage substantial annual spend ($10B)
  • Opportunity to influence commercial agreements and supplier strategies
Full Job Description
Job Description Summary
Partner with the GM of Direct Material Procurement and the P&SM (Procurement & Supplier Management) organization to manage supplier commercial agreements covering over $10B in annual spend. Lead the Commodity Finance team in supporting supplier strategy, including deal underwriting, contract restructuring, contract execution, and supplier issue resolution. This role also drives FLIGHT DECK, standard work, and process improvement across the Commodity Finance organization.

Job Description

Deal Management

  • Direct Commodity teams on their new deal and restructuring contract performance, monitoring performance against our deal target KPI and quarterly forecasts.
  • Accountable to maintain and improve our commercial deal principles and is responsible for ensuring adherence across our Commodity finance team.
  • Leads staff in their preparation for sourcing deal review including the standards for Commodity and finance deal preview sessions.
  • Partner with Deal Factory Process Owner to ensure the proactive management of new deal underwriting and supplier issue resolution contract proposals.

Contract Management

  • Directs staff in the execution of financial requirements related to our supplier agreements.
  • Establishes standards and operating rules for contract execution, including preferred transaction methods and timely processing of manual supplier payments.
  • Resolve ambiguous issues by partnering across finance and operations and applying best practices.

Process Improvement

  • Drive horizontal projects within sourcing finance team to drive process standardization, simplification, and leverage AI to reduce workload and improve performance.
  • Leverage analysis & data to support recommendations and provide insight to all commodity operations teams and Sourcing organization.
  • Contribute to Sourcing level strategy through key planning cycles (annual strategy & budget processes).

Cross Functional Partnership

  • Partner with P&SM FP&A leader on the forecasting of commodity deal outlook including long term planning, quarterly forecasting and risk and opportunity management.
  • Collaborate with Controllership to ensure accurate accounting of commodity transactions and compliant commercial structures with suppliers.
  • Partner with Commercial Operations, Legal and Controllership on the maintenance of contractual standards.

Required Qualifications

  • Bachelor's degree from an accredited university or college (or a high school diploma / GED with at least 6 years of experience in finance/accounting

Desired Characteristics

  • Ability to form strong relationships with operational leaders, creating trust through vulnerability
  • Desire to be deep in the details and willingness to model, analyze, versus review and delegate
  • Enthusiasm towards AI adoption, training, and building the trust needed to automate transactional processes effectively
  • Experience managing experienced finance employees
  • Commercial contracting/restructuring depth demonstrated through real examples with end customers, suppliers
  • Demonstrative examples of FLIGHT DECK in action and the deployment of standard work
  • Influencing without power across a highly matrixed organization
  • Experience communicating complex messages to others and handling sensitive information
  • High level FP&A expertise, not only explaining where and why but problem solving the why to change the outcome

Relocation Assistance Provided: Yes

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