Financial Planning & Analysis Specialist

4 days left

Employer
ABB LTD
Location
Bangalore
Posted
Mar 09, 2024
Closes
May 31, 2024
Ref
4596673336
Level
Specialist
Work Mode
Work from office
Hours
Full Time
Organization Type
Corporate
Financial Planning & Analysis Specialist

Take your next career step at ABB with a global team that is energizing the transformation of society and industry to achieve a more productive, sustainable future. At ABB, we have the clear goal of driving diversity and inclusion across all dimensions: gender, LGBTQ+, abilities, ethnicity and generations. Together, we are embarking on a journey where each and every one of us, individually and collectively, welcomes and celebrates individual differences.

You will be working as Financial Planning & Analysis Specialist and will be part of Robotics & Discrete Automation Business Area for BA Function Finance Division based in Bangalore, India. In this role you will be reporting to RA Business Area FP&A Services - Lead and will be responsible in providing Financial Planning and Controlling expertise to the organization by compiling and analyzing metrics, identifying trends and problems, communicating information to relevant groups and recommending actions to improve financial performance.

Your responsibilities
  • Performing analysis of business performance versus budget and forecast; benchmarking of key performance indicators with external and internal peers. Working on financial analysis for various "what if" scenarios and sensitivity analysis and the overall impact to the Divisions
  • 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; preparing allocation cycles and calculation of Labor hour rates and overhead absorption rate for different business scenarios. Supporting forex valuations, hedging, audits and Group on special projects
  • Performing Capital investment evaluation using NPV / IRR techniques and performing cost / benefit analysis and analysis of inventories. Recommending changes of process standards and procedures to improve the timely performance of process activities
  • Preparing and analyzing ad-hoc reports as per division's / function's request. Analysis of overhead under / over absorption indicating root cause. Ensuring processes and controls within own area of responsibility are designed and implemented in line with Group and unit requirements
  • Supporting preparation of relevant organization financial reporting, business planning & forecasting. Validating accuracy of financial data and business information and reports by performing reconciliation and review of exceptions
  • Actively participating 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.
  • Optimizing own performance to increase productivity by developing automated solutions, eliminating duplications, coordinating information requirements. Maintaining proper audit trail and documentation for future tax / internal / external audits and reviews. Ensuring SOPs are prepared and updated regularly for all activities performed by the team

Your background
  • Bachelor or Master's degree in a Finance and/or Accounting. CMA/CA/ MBA Finance preferred
  • Minimum 5 year experience in Accounting and Finance with 2+ years of experience in FP&A is preferable
  • Strong analytical and problem-solving skills along with thorough / detail oriented approach
  • Strong communication skills and fluent in English
  • Hands on experience in SAP FICO and COPA modules and basic knowledge of Sales & Distribution, Production planning, Projects, Material master modules in SAP is an advantage
  • Experience with MS Office
  • Ability to work with diverse teams across different countries and self-motivated with a strong commitment to quality

More about us

ABB Robotics & Discrete Automation is a pioneer in robotics, machine automation and digital services, providing innovative solutions for a diverse range of industries, from automotive to electronics to logistics. As one of the world's leading robotics and machine automation suppliers, we have shipped over 500,000 robot solutions. We help our customers of all sizes to increase productivity, flexibility and simplicity and to improve output quality. We support their transition towards the connected and collaborative factory of the future. ABB Robotics & Discrete Automation employs more than 11,000 people at over 100 locations in more than 53 countries. www.abb.com/robotics We look forward to receiving your application (documents submitted in English are appreciated). If you want to discover more about ABB, take another look at our website www.abb.com. It has come to our attention that the name of ABB is being used for asking candidates to make payments for job opportunities (interviews, offers). Please be advised that ABB makes no such requests. All our open positions are made available on our career portal for all fitting the criteria to apply. ABB does not charge any fee whatsoever for recruitment process. Please do not make payments to any individuals / entities in connection to recruitment with ABB, even if is claimed that the money is refundable. ABB is not liable for such transactions. For current open positions you can visit our career website https://global.abb/group/en/careers and apply. Please refer to detailed recruitment fraud caution notice using the link https://global.abb/group/en/careers/how-to-apply/fraud-warning Work model: on site #LI-onsite

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