Satoko Kurita
Summary
Forward-thinking leader with a proven track record of achieving cross-functional team success. Proactive and solution-focused, I excel in operational improvement, commercial support, and financial management and analysis.
Overview
27
27
years of professional experience
Work History
Warranty & Concession Finance Manager / Controller
GE Aerospace
06.2021 - Current
- Managed planning cycles and developed a forecasting model for warranty and concessions, including quarterly leadership review meetings, in collaboration with the product risk and fleet program teams.
Provided finance training to fleet managers and C&PSO semi-annually. - Led the warranty and concession team, implementing standard work for over 100 controllership deliverables and financial reports, resulting in 3-day closing cycles and 5-day account reconciliations.
- Coordinated with the platform team to support the implementation of new LEAP engine warranty reserve methodologies.
- Contributed to the development of the Vistex warranty claim system by working with the digital, warranty, and RSP teams to eliminate waste and simplify data flow processes.
- Led the accounting implementation of LEAP transact at PV with the platform, Safran, and MRO teams.
Coached the team in the Kata method, reducing reconciliation and balance sheet review preparation time by 50%. - Improved warranty administration by providing financial metrics, takt time, assisting with resource planning, and conducting reviews to levelize the claim review process.
Commercial Finance Manager
GE Aerospace
08.2017 - 05.2021
- Led underwriting of over 50 MSA restructuring and material deals (CF34, CFM56, GE90) and managed the contract flowdown process to the controllership team.
- Developed MSA lead form and modeling template in collaboration with the business operations team.
Aligned discount calculations and assumptions with the SAE risk team to eliminate partner disputes on deal approvals. - Developed the GEAM engine acquisition model.
- Simplified GEAM 650.10 policies.
- Created and managed the GEAM lease pool utilization scorecard review.
- Led full implementation of MCG review for LEAP.
- Collaborated with the license program manager to establish the Licensing COE function, defining roles and responsibilities, and transitioned licensing activities from Corporate.
Senior Sales/Bid Support Staff Manager
GE Aviation
05.2011 - 07.2017
- Underwrote 36 service proposals, including CSA, PBL, FFP, Aftermarket model for NPI, and MRO deals, by reviewing models, providing business case analysis, and risk assessment with the proposal team.
- Partnered with the cost modeling team to implement service modeling guidelines, creating a common and simplified service model.
- Supported the success of the Dowty Propeller Fastworks commercial project (awarded).
- Managed financials for CSA and PBL contracts across seven Avionics and BGAIS sites, facilitating planning sessions, quarterly forecasting, and driving commercial and productivity actions.
- Implemented a simplified CMR process with cost modeling, PM, and engineering teams, establishing a steering committee, standard executive summary, analysis tool, CMR workflow, and leading monthly CSA meetings.
- Simplified CSA processes with the controllership team, reducing 50% of CMRs and implementing a post-simplification cost-out process.
- Developed a service contract metrics tracking template with the GENPACT team for Spotfire, leveraging the engine service initiative.
- Supported business development activities (dispositions).
Transformed CSA finance and optimized headcount.
Sr. Finance Analyst
GE Aviation
10.2004 - 04.2011
- Managed finance for $11B GE90 CSA program backlog.
Led financial planning and quarterly forecasting with program managers, product team, and shop team. - Implemented billing, escalation modeling, and financial processes for 15 new contracts, including offload processes with JAL, Eagle Service Asia, EGAT, and Emirates, and converted Air France T&M contract to CSA.
Resolved approximately 30 accounting issues over the past five years. - Managed GE Pacific Pte Ltd GE Aviation in Singapore, including company setup, statutory reporting, audits, cash flow management, closing, P&E management with Rhinestahl, account reconciliations, tax reporting, and issue resolution with the Corporate team.
- Implemented part-level true cost accounting with Wales finance and IT team.
- Supported CMR process by ensuring compliance with operational and finance policies and providing various analysis.
- Managed service revenue share with Safran, leading monthly reviews, eligibility calculations, lease recovery models, and cost recovery negotiations.
- Supported product line GMs with monthly closing reviews and ongoing contract status reviews, providing strategic and risk management advice.
- Core member in implementing SAP SEAM (CSA subledger).
- Implemented 100% web billing for GE90 contracts with platform engineers, GEIQ, and IT team.
FP&A Balance Sheet Analyst
GE Advanced Materials - Japan
01.2004 - 10.2004
- Managed balance sheet controllership, reporting, and cash flow for GE Plastics Japan and GE Polymerland Japan.
- Led a team of 11 people consisting of risk and collection teams
- Collaborated with the risk manager to eliminate notes receivable transactions.
- Transitioned five headcounts to GENPACT Dalian for collection and application.
- Developed a process with the PSI team to salvage unsellable inventories.
- Simplified cash management by reducing bank accounts to a minimum of four.
- Prepared financial packages and supported board reviews with Yanase and Mitsui.
Structured Product Pacific Commercial Finance Lead
GE Advanced Materials - Asia
11.2002 - 01.2004
- Supported GE Plastics Structured Products Film Marketing Leader in Tokyo and Commercial Leader in Shanghai.
- Led financial planning and analysis for GE Plastics Structured Products (film and sheets) Asia Pacific operations
- Developed NPI status tracker and order status reporting process with the application development sales team.
- Investigated and reported root causes of product rejection by interviewing the slitting company in Japan and field customer support team in China.
Corporate Audit Staff
Corporate
05.2002 - 11.2002
- Conducted intellectual property audits for seven businesses in China and Japan.
- Researched and reviewed potential impacts of the legal environment, international treaties, and business processes with legal leadership.
- Conducted account reconciliation audits and focused on P&E audits at former GE Plastics US.
- Supported compliance investigations for GE Japan.
Sourcing Analyst
GE Capital Corporate
02.2001 - 04.2002
- Implemented T&L system for all Japan businesses with travel agencies, digital teams, and credit card service companies.
- Aligned Japan T&L policy and travel request process with GE US policy, in partnership with CWT travel agency.
- Developed and documented system requirements for expensing, reimbursement, and reporting.
- Conducted testing and prepared for production, including data gathering and loading, with the IT team.
- Developed and managed the T&L card program for GE Japan businesses with Hitachi Master Card service.
Controllership Analyst - FMP
GE Capital Global Consumer Finance
08.2000 - 01.2001
- Developed the process for new statutory financial statement requirements, including preparing statutory income statements, balance sheets, cash flow statements, and special footnotes.
- Received Controller award
FP&A Analyst - FMP
GE Capital Fleet Service
02.2000 - 07.2000
- Managed indirect costs, supported operational decision-making, planning, and reporting, and coordinated with the Sourcing team to lead sourcing savings reviews with the Japan CFO
- Developed P&E guidance based on GE GAP and provided training to newly acquired business employees
- Owned reviewing Stat to GAAP adjustments during closing
Commercial Finance Analyst - FMP
GE Yokogawa Medical Systems
01.1999 - 01.2000
- Led commercial equipment orders and sales forecasts in collaboration with regional sales directors, leasing companies, and the supply chain management team.
- Managed the price escalation process and created a historical pricing database.
- Conducted customer pricing CTQ (Critical to Quality) surveys with the modality marketing team at medical equipment industry shows.
Experienced Associate
Arthur Andersen
09.1997 - 08.1998
- Provided tax services to Japanese corporations operating in the US, including preparing and filing tax returns and offering consultation services.
- Supported marketing efforts by preparing periodic tax newsletters for existing and prospective clients and assisting with tax workshops for clients.
Education
MBA - Accounting & Finance Analysis
University of Illinois At Urbana- Champaign
Champaign, IL01-1997
Bachelor of Arts - English, International Business
Tsuda College
Tokyo, Japan01-1995
Skills
- Cross Functional Collaboration
- Financial Modeling & Analysis
- Budgeting and Financial Management
- Underwriting & Risk Assessment
- Commercial Negotiation Support
- Process Development
- Continuous Improvement
- System Development & Implementation
- Kata Coaching and Team Training
Interests & Affiliation
APAC: Supporting Japan Airline product support engineer program transition and family life setup. Providing translation services and business culture training to facilitate business activities.
FMP Support: Provide FMP learning materials related to warranty and concession.
Languages
Japanese
Native or Bilingual
Timeline
Warranty & Concession Finance Manager / Controller
GE Aerospace
06.2021 - Current
Commercial Finance Manager
GE Aerospace
08.2017 - 05.2021
Senior Sales/Bid Support Staff Manager
GE Aviation
05.2011 - 07.2017
Sr. Finance Analyst
GE Aviation
10.2004 - 04.2011
FP&A Balance Sheet Analyst
GE Advanced Materials - Japan
01.2004 - 10.2004
Structured Product Pacific Commercial Finance Lead
GE Advanced Materials - Asia
11.2002 - 01.2004
Corporate Audit Staff
Corporate
05.2002 - 11.2002
Sourcing Analyst
GE Capital Corporate
02.2001 - 04.2002
Controllership Analyst - FMP
GE Capital Global Consumer Finance
08.2000 - 01.2001
FP&A Analyst - FMP
GE Capital Fleet Service
02.2000 - 07.2000
Commercial Finance Analyst - FMP
GE Yokogawa Medical Systems
01.1999 - 01.2000
Experienced Associate
Arthur Andersen
09.1997 - 08.1998
MBA - Accounting & Finance Analysis
University of Illinois At Urbana- Champaign
Bachelor of Arts - English, International Business
Tsuda College
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