On Wednesday, April 5, 2017, Adam Opel AG visited Frankfurt School of Finance & Management to give the business school´s international students insights about career opportunities at one of Germany´s biggest car manufacturers. In his introduction, Professor Dr Jörg Werner, Professor of Accounting as well as Head of the Accounting Department at Frankfurt School, highlighted the chance for international students to work in finance at a company that combines innovative technology and tradition. For Opel, Dr Rembert Koch, Director Aftersales Finance, Axel Berchthold, Operations Controller and Christine Teusen, Manager Auto Finance GME Treasury and FS Alumna spoke to the students.
“Opel stands for innovation and is shaped by its passion for cars. Since the end of the 19th century we manufacture automobiles. German engineering has brought us where we are now. However, success is unthinkable without highly qualified staff, working in the field of finance and controlling”, said Dr Rembert Koch.
In order to show the students how varied and challenging working in the company`s finance department is, the speakers summed up the tasks that are performed by employees in this particular section. For instance, Opel´s finance department includes Innovation Controlling. This means that the costs – from the idea of a vehicle, via the development to the production – have to be planned up-front and checked during the process. Hence, interfacing with engineering, marketing and production is essential. Also, measuring the profitability of a car during the development process, for example vehicle EBIT, is one task of Opel´s finance department. When it comes to the production of cars, one of the most important factors is the controlling of the necessary investment such as effects on balance sheet, income statement and liquidity.
Also, the speakers gave the attendees insights about the opportunities to work for Opel as a working student. Each candidate is part of the Opel EXCEL (Exploring Careers through Experiential Learning) programme. Participants are involved in multiple facets of the Opel portfolio by designing and implementing timely business solutions. The programme is designed for those wishing to develop broad financial skills. Students work for a maximum of 20 hours per week. The positions are designed for a duration of 6 to 18 months.
After the lecture, enjoying snacks and drinks, the students had the chance to discuss personal questions with the speakers as well as additional Opel representatives.