G

GE Vernova

Builds equipment and software for electric power

Power Transformers CFO

Full-TimeUpdated Deadline 11/4/26
No salary listed
Expert
Bachelor's, Master's
Remote in USA
RemoteRemote position; U.S. work authorization required.
Finance & BankingCorporate Finance & FP&A

About the job

Requirements
  • A bachelor's degree in Finance, Accounting, Economics, or a related discipline, with substantial progressive finance experience and demonstrated success in senior leadership roles.
  • Experience leading finance for a complex industrial or manufacturing business, with responsibility for P&L performance, balance sheet management, and cash generation.
  • Strong operational finance expertise, including manufacturing cost structures, capacity planning, labor utilization, inventory, capital investment, and productivity.
  • Commercial and project finance experience, including pricing, contract risk assessment, project margin reviews, and management of long-cycle customer contracts.
  • Demonstrated ability to translate business strategy into actionable plans, challenge assumptions constructively, and drive delivery of financial commitments.
  • Experience leading global teams and influencing decisions across a matrix organization, with the credibility to partner effectively with senior business and functional leaders.
  • A track record of improving margins, working capital, and forecast accuracy while maintaining strong financial controls.
  • Experience driving transformation through standardization, process improvement, automation, and organizational change.
  • Strong analytical judgment and communication skills, with the ability to turn complex information into clear recommendations and decisions.
  • A proven commitment to developing talent, building inclusive teams, and maintaining high standards of integrity and accountability.
Responsibilities
  • Partner with the Product Line General Manager to shape and execute business strategy, aligning growth priorities, manufacturing capacity, investment decisions, and financial commitments.
  • Lead financial performance across the product line, with accountability for the P&L, balance sheet, and free cash flow, ensuring clear ownership and delivery of commitments across regions and operating sites.
  • Lead long-term strategic planning, annual budgeting, and forecasting, connecting market demand, backlog conversion, production capacity, and resource requirements to financial outcomes.
  • Drive operating reviews that identify performance gaps early, assess risks and opportunities, and establish corrective actions with measurable outcomes.
  • Partner with manufacturing and supply chain leaders on sales and operations planning, translating production hours, labor utilization, productivity, factory output, and delivery performance into financial insights and actions.
  • Strengthen project margin management through rigorous reviews of cost estimates, execution progress, contingencies, and contractual exposures, driving early intervention to protect profitability.
  • Partner with Commercial leadership on pricing, deal underwriting, contract negotiations, and risk reviews, ensuring order quality, margin protection, and appropriate payment terms.
  • Drive cost competitiveness with Operations, Engineering, and Sourcing through material productivity, design improvements, labor efficiency, overhead discipline, and Lean initiatives.
  • Lead working capital improvement, with particular focus on inventory, billing milestones, collections, overdue receivables, and supplier payment terms.
  • Evaluate and oversee capital expenditure and capacity expansion programs, ensuring sound business cases, execution discipline, and delivery of expected financial and operational returns.
  • Support footprint optimization, restructuring, and acquisition integration, including financial evaluation, synergy delivery, and alignment of finance processes and controls.
  • Ensure accurate financial reporting, balance sheet integrity, and adherence to accounting policies, internal controls, and delegated authorities, in partnership with Controllership.
  • Simplify and standardize finance processes across sites and regions, expanding automation and digital analytics to improve insight, forecast reliability, and finance productivity.
  • Build and develop a strong global finance team, strengthening business partnership, accountability, succession planning, and collaboration across product line, regional, and corporate teams.
Desired Qualifications
  • A professional accounting qualification or advanced degree.
  • Experience in power equipment or transformers.
  • Exposure to acquisition integration.

About the company

GE Vernova makes equipment and software that generate and manage electricity for utilities, power producers, and industrial customers. Its Power, Wind, and Electrification businesses span gas turbines, wind generation, and the systems that move electricity across grids. The company supplies generators, grid equipment, and controls, while its software coordinates network operations and integrates changing sources of power. Customers buy equipment and enter service agreements for maintenance, upgrades, and technical support over its operating life, alongside purchases of software and related services. GE Vernova became an independent company in 2024 after separating from GE and is headquartered in Cambridge, Massachusetts.

Company Size

10,001+

Company Stage

N/A

Total Funding

$17.6M

Headquarters

Cambridge, Massachusetts

Founded

2024

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Simplify's Take

What believers are saying

  • Demand supports expansion: July 2026 results show GE Vernova booked $24.2 billion of quarterly orders, up 88% organically.
  • Service commitments support recurring work: GE Vernova says services account for more than 55% of its backlog.
  • Graduates build depth through rotations: GE Vernova runs two-year Next Gen development programs in engineering, technology, and operations.

What critics are saying

  • Wind remains a drag: July 2026 results show GE Vernova lost $275 million in quarterly Wind segment EBITDA.
  • Project margins absorb overruns: GE Vernova locks prices before completion and discloses meaningful expenses from excess costs and penalties.
  • Field assignments demand long weeks: GE Vernova's listed transformer specialist works typical 12-hour site days, up to six weekly.

What makes GE Vernova unique

  • Its technology underpins global power: GE Vernova says customers generate approximately one-quarter of world electricity using its equipment.
  • Gas turbine scale anchors expertise: GE Vernova reports the largest installed fleet by generating capacity, across approximately 7,000 turbines.
  • Nuclear work reaches beyond equipment: GE Vernova Hitachi supplies advanced reactors, fuel, and services for operating plants.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Paid Vacation
  • Paid Parental Leave
  • Mental Health Support
  • Relocation Assistance
  • Performance Bonus

Company News

Yahoo Finance
Oct 29th, 2026
GE Vernova buys Trench Group for $9B, doubles buyback to $20B as backlog hits $197B

GE Vernova agreed to buy Trench Group for $9 billion, the power equipment maker said on its third-quarter earnings call on October 28, 2026. The deal brings in-house the making of substation parts such as insulation bushings and coils for grid stability. Total order backlog grew to $197 billion. Gas power segment margins reached 21.4% of EBITDA, helped by the first 5 gigawatts of gas equipment shipments at higher prices. The company also doubled its share buyback programme from $10 billion to $20 billion. It holds $17 billion in cash and will fund the acquisition with a mix of debt and cash. Chief executive officer Scott Strazik said the company is "still in the early stages of this electricity investment super cycle.

GE Vernova
Oct 28th, 2026
GE Vernova to acquire Trench Group

CAMBRIDGE, Mass., (October 28, 2026) – GE Vernova Inc. (NYSE: GEV) today announced that it has signed an agreement to acquire Trench Group (“Trench”), a global leader in high-voltage grid equipment, from investment firm Triton Partners. The deal will create scale across GE Vernova’s Electrification product lines, expanding its capabilities to better serve customers with integrated solutions that meet unprecedented demand for grid modernization, energy security, and electrification technologies.

AOL
Oct 28th, 2026
GE Vernova to buy Trench Group from Triton Partners for $9B

GE Vernova will buy high-voltage grid equipment maker Trench Group from investment firm Triton Partners in a $9 billion deal, the power equipment maker said on Wednesday. It aims to expand its electrification business and tap surging investment in power grids. The acquisition will add manufacturing capacity and widen GE Vernova's reach across North America, Europe, and Asia. It also gives the company access to Trench's backlog and framework agreements worth about $5 billion. GE Vernova expects to pay half in cash and half in debt, and to close the deal in late 2027. Separately, it raised its full-year revenue forecast for a third consecutive time, to $46.5 billion to $47.5 billion from $45.5 billion to $46.5 billion.

Yahoo Finance
Oct 24th, 2026
Venture Global's 16 gas power units deal ties GE Vernova deeper into AI data centre power

Venture Global has signed multi-year frame agreements with GE Vernova and Baker Hughes for up to 16 new gas-fired power island units, each rated at 720MW, plus grid equipment. The units will supply behind-the-meter power for its LNG facilities and potential AI data centres without drawing on public grids. The deal ties GE Vernova's gas turbines and grid hardware to privately controlled industrial networks rather than regulated utilities. It deepens the company's exposure to energy-hungry AI computing. GE Vernova expects 125GW under contract by 2026. Risks include weaker European demand, wind losses, tariffs, restructuring costs, and project delays. Analysts' bullish case sees 2029 revenue of $64.7 billion and earnings of $10.7 billion. A more cautious view puts them at $57.8 billion and $6.3 billion.

Yahoo Finance
Oct 22nd, 2026
GE Vernova Q3 preview: $176B backlog and 145% expected EPS growth ahead of October 28 report

GE Vernova will report third-quarter 2026 results on October 28. Analysts expect earnings of $4.03 per share, up more than 145% from a year earlier. In the second quarter, equipment orders more than doubled and service orders rose 15%. Total backlog climbed to $176 billion. For the third quarter, the company expects Power segment revenue growth of 17%–19% and an EBITDA margin of about 17%–18%, up from 13.3% a year earlier. Electrification revenue is forecast at $3.8 billion–$4.0 billion. The stock is about 26% below its 52-week high, which has eased valuation concerns. Most analysts rate it a "Strong Buy.