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This position reports to
FP&A CoE Hub Business Area Lead
Your role and responsibilities
In this role, you will have the opportunity to provide reliable and timely analysis of financial results, budget, and forecasts. Each day, you will support the ABB group management and other stakeholders at various organization levels in decision making processes. You will also showcase your expertise by supporting in the evaluation of the impact of strategic, financial, or other major investment decisions.
The work model for the role is: onsite, - hybrid
This role is contributing to the Financial Planning and Analysis for measurement analytics in Bangalore.
You will be mainly accountable for:
- Performing analysis of business performance versus budget and forecast.
- Performing benchmarking of key performance indicators with external and internal peers.
- Performing closing activities and MIS reports for the respective business / functions.
- Working with the other financial professionals in Divisions / Hubs / Countries / Functions to understand and analyze the drivers of financial performance and identify trends.
- Preparing and analyzing Product / Customer profitability.
- Financial analysis for various what if scenarios and sensitivity analysis and the overall impact to the Divisions.
- Perform Capital investment evaluation using NPV / IRR techniques.
- Preparing allocation cycles and calculation of Labour hour rates and overhead absorption rate for different business scenarios.
- Performing cost / benefit analysis and analysis of inventories, NWC
- Preparing and analyzing ad-hoc reports as per division's / function's request.
- Analysis of overhead under / over absorption indicating root cause.
- Supporting preparation of relevant organization financial reporting, business planning & forecasting.
- Supporting forex valuations, hedging, audits & Group on special projects.
- Validating accuracy of financial data and business information and reports by performing reconciliation and review of exceptions
- Active participation in business process /project reviews / functions review, assisting in target setting, & strategic planning & analyzing performance of portfolio for various segments and presenting financial dashboards for business review.
- Ensuring processes and controls within own area of responsibility are designed and implemented in line with Group and unit requirements.
- Providing training to FP&A Analysts and onboarding of new employees.
- Optimize own performance to increase productivity by developing automated solutions, eliminating duplications, coordinating information requirements.
- Recommend changes of process standards and procedures to improve the timely performance of process activities
- Identify areas for process / report standardization across different countries, divisions and business units.
- Ensure processes and controls within own area of responsibility are designed and implemented in line with Group and unit requirements.
- Maintain proper audit trail and documentation for future tax / internal / external audits and reviews
- Ensure SOPs are prepared and updated regularly for all activities performed by the team.
Qualifications For The Role
- Experience required 3-7 Yrs
- Flexible with shifts - Morning Shift - 6AM - 3PM and 12PM - 9PM and 10:30 AM- 7:30 PM
- Strong analytical and problem-solving skills.
- Degree CMA/ ICWA/CA/ MBA Finance
- Thorough / detail oriented approach.
- Strong communication skills.
- Fluent in English.
- Hands on experience in SAP FICO and COPA modules
- Basic Knowledge of Sales & Distribution, Production planning, Projects, Material master modules in SAP
- Experience with MS Office
- Ability to work with diverse teams across different countries.
- Self-motivated with a strong commitment to quality
More about us
ABB Finance is a trusted partner to the business and a world-class team who delivers forward-looking insights that drive sustainable long-term results and operates with the highest standards.
We value people from different backgrounds. Apply today for your next career step within ABB and visit www.abb.com to learn about the impact of our solutions across the globe. #MyABBStory
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