Erik Aasterud

Current

Manager, Financial Planning & Analysis Wind Europe at GE Energy

Past

Projects Finance Manager, Wind Europe at GE Energy
Associate Auditor, Corp Audit Staff at General Electric
Black Belt, Quartz / Specialty Materials at GE

Process Engineer, HID Lighting Manufacturing at GE
Various, Armor officer at US Army

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Education

The Ohio State University - The Max M. Fisher College of Business
United States Military Academy at West Point

Connections

75 connections

Industry

Oil & Energy

Erik Aasterud’s Summary

Seasoned Manager in manufacturing operations and operational finance. Experience in growing and declining markets.

Direct experience in Wind Turbine Projects and Services in Europe and Asia, with manufacturing in the lighting and quartz industries, and with accoutning and auditing across Industrial and Financial businesses.

Interested in an operational finance or operational role within the Energy industry in Europe or the United States. Fluent in German and English.

Erik Aasterud’s Specialties:

Extensive work experience outside the United States (mainly Europe), within matrix organizations, and across multiple countries / tax entities. Project finance; budget planning & execution, cost control & analysis. Oracle ERP implementation in a $500MM+ Turnover business. Six Sigma Certified Blackbelt (GE).

Erik Aasterud’s Experience

Manager, Financial Planning & Analysis Wind Europe

GE Energy

(Public Company; 10,001 or more employees; GE; Oil & Energy industry)

October 2007 — Present (1 year 10 months)

Responsible for Planning, Reporting, Analyzing a $500MM+ turnover growing busienss with sales in Europe & Japan. Responsible for CFOA, Balance Sheet, P&L control and analysis.

Provide meaningful and actionable analyses to the management team with executable recommendations. Support the execution of those action to bring success to customers and business.
Projects Finance Manager, Wind Europe

GE Energy

(Public Company; 10,001 or more employees; GE; Oil & Energy industry)

December 2004 — September 2007 (2 years 10 months)

Project finance manager for all Wind projects within Europe & Japan. Approximately 20 projects annually with turnover of $500MM+.

Responsible for cash collections planning and execution across multiple countries and tax entites. Coordinate seconded labor, billing, and purchasing between tax entities.

Support the project management team to ensure successful completion of projects for both the customer and GE Wind.
Associate Auditor, Corp Audit Staff

General Electric

(Public Company; 10,001 or more employees; GE; Renewables & Environment industry)

August 2002 — November 2004 (2 years 4 months)

Audit GE businesses to ensure accuracy of accounts and financial reporting. Support / Introduce SOX documentation and compliance. Ensure US Export Compliance.

Businesses audited: Reinsurance, Insurance, Consumer Finance, Energy, Healthcare, Water. Experience with revenue recognition, extended service contract accoutning, loss reserve and risk estimates, inventory, plant and equipment, payables and receivables/bad debt. Locations include US, Europe, Asia, & South Amercia.
Black Belt, Quartz / Specialty Materials

GE

(Public Company; 10,001 or more employees; GE; Renewables & Environment industry)

April 2000 — July 2002 (2 years 4 months)

Six Sigma blackbelt responsible for quartz crucible productivity. Improve yields and support operations on fulfillment and financial targets. Provided $200k savings annually via projects and $50k annually via sourcing changes.
Certified Six Sigma Black Belt.
Process Engineer, HID Lighting Manufacturing

GE

(Public Company; 10,001 or more employees; GE; Renewables & Environment industry)

June 1998 — March 2000 (1 year 10 months)

Process Engineer and team leader for 3rd shift HID Lamp plant. Responsible for managing and scheduling 7 production lines, 110 employees to ensure daily fulfillment of roughly 20 - 30 thousand lamps.
Various, Armor officer

US Army

(Government Agency; 10,001 or more employees; USA; Military industry)

June 1993 — May 1998 (5 years)

Tank platoon leader, Germany.
Tank Company Executive officer, Germany
Battalion Maintenance officer, Germany
Battalion Maintenance officer, Macedonia (deployed)
Assistant Operations officer, Fort Knox

Erik Aasterud’s Education

The Ohio State University - The Max M. Fisher College of Business

MBA , Finance, Int'l Business , 2000 — 2002
United States Military Academy at West Point

1989 — 1993