VIE Internal Controls
VIE Internal control at CFM Materials
Name of the department: CFM Materials Finance
Report to (title): Chief Financial Officer
Start: September/October 2019.
Length: 18 months
A 50/50 joint venture between GE and Safran Aircraft Engines formed in 2010, CFM Materials LP is the world's largest provider of used serviceable material for CFM56 engines. We support MRO networks, airlines, lessors, manufacturers, and other service providers worldwide through warehouses and sales offices in Grand Prairie (TX, USA), Amsterdam (Netherlands), Cardiff (Wales) and Singapore.
Based in the office of CFM Materials in Grand Prairie, TEXAS, USA, the VIE will be responsible for conducting and supervising the internal control campaigns of CFM Materials and will report to the Chief Financial Officer. The internal control campaign encompasses all key processes of the organization. On top of the key missing of internal control the VIE will assist the Finance team on financial closings and reporting. Task and missions can be resumed as follows:
KEY AREAS OF RESPONSIBILITY
1. Lead, coordinate and manage the internal control campaigns,
2. Capable of enforcing the strict application of the procedures and processes within the organization,
3. Develop and implement new procedures and ensure accuracy of documentation,
4. Responsible for resolution of actions plans related to the field of internal control,
5. Create and automate regular reporting
6. Help the finance team with the monthly closings and reconciliation
7. Make proposal for new tools in order to improve processes: improved excel tools, changes in processes, Implementation of new SharePoint workflows…
The daily supervision of the VIE will be done by the Chief Financial Officer of CFM Materials.
The VIE will be integrated within the Finance Team and participate to social events organized within DFW area (Internations and Meetup events, museums, rodeo at Fort Worth, country concerts, Austin festivals, etc). Safran USA Breakfast or lunch organized quarterly.
At the beginning of the VIE, the VIE and the Manager will define the objectives. The VIE will receive direct feedback from the manager, close observation and regular meetings to discuss progress. Based on the quality of the job done, the initiatives and the involvement of the assignee, the VIE may lead other projects. All suggestions or ideas will be welcomed to improve the Finance processes. At the end of the VIE, a meeting will be set up to review the progress during the VIE, the strengths and weaknesses.
Master's degree from a top ranked business school or equivalent in a related field and/or 1 – 3 years of relevant experience in internal control
- • Ability to provide close attention to detail
- • Self-starter/entrepreneurial; able to work well without constant direction
- • Fluent in English
- • Strong analytical skills and proficient in Excel and Access. Knowledge of Business Intelligence software is a plus.
- • Strong interpersonal skills.
Safran is an international high-technology group, operating in the aircraft propulsion and equipment, space and defense markets. Safran has a global presence, with more than 92,000 employees and sales of 21 billion euros in 2018. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. Safran undertakes Research & Development programs to meet fast-changing market requirements, with total R&D expenditures of around 1.5 billion euros in 2018.
Safran is ranked among the Top 100 Global Innovators by Thomson Reuters and is featured on the "Happy at work" rankings. The Group places fourth on the Universum ranking for the favorite companies of newly-qualified engineers in France.
Safran Aircraft Engines designs, develops, manufactures and markets, either on its own or in collaboration with partners, engines for commercial and military aircraft, to the best levels of performance, reliability and environmental friendliness. Through CFM International (a 50:50 JV between Safran Aicraft Engines and GE), the company is also the world leader in short- and medium-haul aircraft propulsion systems.
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