Financial Planning and Analysis Specialist
ABB
Financial Planning and Analysis Specialist
At ABB, we are dedicated to addressing global challenges. Our core values: care, courage, curiosity, and collaboration - combined with a focus on diversity, inclusion, and equal opportunities - are key drivers in our aim to empower everyone to create sustainable solutions. Write the next chapter of your ABB story.
This position reports to
Financial Planning & Analysis Manager
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: #LI-Onsite, #LI- Hybrid This role is contributing to the ABB services in Bangalore. You will be mainly accountable for: • Performing analysis of business performance versus budget and forecast. Performing bench-marking of key performance indicators with external and internal peers. Performing closing ac-tivities 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. Preparing allocation cycles and calculation of Labour hour rates and overhead absorption rates for different business scenarios. Maintain proper audit trail and documenta-tion for future tax / internal / external audits and reviews. Ensure SOPs are prepared and updated regularly for all activities performed by the team. • 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 absorp-tion indicating root cause. Supporting preparation of relevant organization financial reporting, business planning & forecasting. • Supporting forex valuations, hedging, audits & Group on special projects. Perform Capital in-vestment evaluation using NPV / IRR techniques. Validating accuracy of financial data and busi-ness 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 imple-mented in line with Group and unit requirements. Providing training to FP&A Analysts. Collabo-ration with the team members. • 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 de-signed and implemented in line with Group and unit requirements.
Qualifications for the role
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 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
At ABB, we are dedicated to addressing global challenges. Our core values: care, courage, curiosity, and collaboration - combined with a focus on diversity, inclusion, and equal opportunities - are key drivers in our aim to empower everyone to create sustainable solutions. Write the next chapter of your ABB story.
This position reports to
Financial Planning & Analysis Manager
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: #LI-Onsite, #LI- Hybrid This role is contributing to the ABB services in Bangalore. You will be mainly accountable for: • Performing analysis of business performance versus budget and forecast. Performing bench-marking of key performance indicators with external and internal peers. Performing closing ac-tivities 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. Preparing allocation cycles and calculation of Labour hour rates and overhead absorption rates for different business scenarios. Maintain proper audit trail and documenta-tion for future tax / internal / external audits and reviews. Ensure SOPs are prepared and updated regularly for all activities performed by the team. • 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 absorp-tion indicating root cause. Supporting preparation of relevant organization financial reporting, business planning & forecasting. • Supporting forex valuations, hedging, audits & Group on special projects. Perform Capital in-vestment evaluation using NPV / IRR techniques. Validating accuracy of financial data and busi-ness 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 imple-mented in line with Group and unit requirements. Providing training to FP&A Analysts. Collabo-ration with the team members. • 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 de-signed and implemented in line with Group and unit requirements.
Qualifications for the role
- At least 3 years of experience in Accounting and Finance with 2+ years of experience in FP&A is preferable.
- Bachelor or Master's degree in a Finance and/or Accounting. CMA/CA/ MBA Finance preferred
- Strong analytical and problem solving skills. Thorough / detail oriented approach.
- Strong communication skills.
- Hands on experience in SAP FICO and COPA modules
- Basic Knowledge of Sales & Distribution, Production planning, Projects, Material master mod-ules 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 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
JOB SUMMARY
Financial Planning and Analysis Specialist
ABB
Bengaluru
16 days ago
N/A
Full-time
Financial Planning and Analysis Specialist