IU POOPs Industrial / Manufacturing Finance Career Opportunities Bob Turco Mfg. Financial Leader Insulation Systems Business February 3, 2000

IU POOPsIndustrial /

Manufacturing Finance

Career Opportunities

Bob TurcoMfg. Financial LeaderInsulation Systems BusinessFebruary 3, 2000

Careers in Industrial / Manufacturing Finance

“SPRINT” Entry-Level Finance

Rotational Program

Beyond Entry Level… Building a Career

in Finance

Owens CorningA material solutions, technology driven company

with Revenue over $5b, 22000 employees, 135 manufacturing facilities in more than 30 countries

SYSTEM THINKINGMakes the Difference™

World HeadquartersToledo, Ohio

“SPRINT”

Entry Level Finance

Rotational Program

Challenging growth experience through a combination of work experience, technical training, skills training, feedback, and mentoring

Functional exposure to various Finance processes

Diverse business exposure to the products, processes and businesses of Owens Corning

Visibility provided to the SPRINTers within the Finance Organization, and the company

Develop a pool of talent to enhance our future leadership capabilities in Finance, and the organization


SPRINTSPRINTProgramProgramElementsElements


3 Assignments over 2-1/2 years

– Corporate Audit (9± months)

– Manufacturing Plant (12 months)

– Other (9 months)

Orientation Week with Business Leaders

Two Sessions of Technical Financial Training with a Leading Academician

High Level Mentors Assigned to All SPRINTers


Presentations to the Finance Leaders by SPRINTers

SPRINTers Evaluate Their Assignments, and Provide Input to the Program Design

Global Program Participation - SPRINTers come from

the following areas:

– United States

– Belgium

– United Kingdom

– Brazil

– Asia/Pacific



SPRINTSPRINTPossiblePossible

AssignmentsAssignments

World Headquarters

– Business Units: Insulation Systems,

Composites Systems, Roofing Systems

– Strategic Resources

– Operations Accounting

– Customer Financial Services

– Internal Audit

Brussels - Composites Europe HQ

Santa Clara, California

Napa, California


Near Columbus, Ohio (Newark)

Near Chicago, Illinois (Summit)

Portland, Oregon

Aiken, South Carolina

Clarement, North Carolina

Amarillo, Texas

Jackson, Tennessee

Louisville, Kentucky


SPRINTSPRINTPossiblePossible

AssignmentsAssignments

SPRINTSPRINTCareerCareer

PlacementPlacement

Highly Visible Program due to Assignments, Mentors, Presentations, the Role of the CFO and Controllers

Opportunity to Experience Three Different Organizations and Leaders

Mechanisms for Career Placement

– Finance Leadership Team

– SPRINT Program Leaders

– Networking on the Job

– Internal Job Opportunities Bulletin Board Posting Process


SPRINTSPRINTCandidate Candidate CriteriaCriteria

BS/BBA in Finance or Accounting

Minimum of a 3.0/4.0 GPA with a Higher GPA in major

Good Technical Grounding

Problem Solving Skills

Demonstrated Leadership AND Initiative

Demonstrated Team Skills…Can Lead and Follow

Exposed to Diversity in a Broad Sense

Interest in the World Around Them

Basic Language Skills & Interest

Self-Confident


Beyond Entry Level...

Building a Career in Finance


Numerous Opportunities Exist within the Primary Finance Functions

– Audit Services

– Controller

– Investor Relations

– Treasury

– Tax

Global assignments in North America, India,Europe, Asia, Latin America and Africa

Finance Career Progression

• Summer intern projects

• On the job training

•Development Assignments @ different Plants, Corp. Audit Services & WHQS

• Multiple Audit & Consulting Assignments

• Global exposure

• Multi- Functional Process Reviews

FinancialTechnical

• Accounting• Fin. & Cost Analysis•Customer Financial Services•Treasury•Financial

Reporting•Tax

Cross Functional

•Info. Systems•Sales & Mktg•Mfg.

• Financial Planning• Service & Admin.• Business Cost & Accounting• General Accounting Services• Operations Accounting• External Reporting• Forecasting & Analysis• Shared Services

• Business Unit Controller

• Subsidiary Controller

• Process Controller

• Financial Planning Director

• Accounting Operations Director

• Financial Reporting Director

• Controller

• Audit

• Tax

• Treasury

• Investor

Relations

• Business

Unit

Controller

SPRINT2+ YearsInterns

Corp.Audit Professional

Mgrs.&

Leaders

Controllers&

DirectorsVice

Presidents

Sprint

PlantFinancialAnalyst

Audit orDivisionFinancialAnalyst

Corporate Financial Functions

PlantController

orBusiness

Leader

Financial Leadership

- Corporate - Division - Processes

Technical Experts

Tax, Treasury, Audit, M&A,

Credit, Planning

Cross Functional

Mfg.Sales

Marketing

Info System

s

HRSourcing

Cross Business

ISBESB

CSBRSB

IBMS

Pipe


Career Planning

Career Development Process

Human Resource Planning & Review

Self Improvement, Continuing Education &

Educational Reimbursement

Staffing Process

Essential Tools to Building a Career


Compensation & Benefits

– Direct pay

– Performance Incentives

– Savings and profit sharing (401k)

– Stock plan

– Cash balance retirement plan

– Flexible benefits plan for wealth protection

• Medical and dental protection

• Life, disability, personal, accident & travel insurance

• Health care and dependant care accounts

• Life stages support


Summary & Key Message Points

– Develop a career plan & understand the

prerequisites

– Invest in your career development

– Build broad business perspective

– Keep financial skills and knowledge up-to-date

– Keep looking for new challenges & development

opportunities within and outside the finance

function

A World of Opportunity

Questions??www.owenscorning.com

Documents

IU POOPs Industrial / Manufacturing Finance Career Opportunities Bob Turco Mfg. Financial Leader Insulation Systems Business February 3, 2000