Financial Planning and Analysis AnalystAt 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 collect, analyze, and interpret financial data. Each day, you will update budgets and forecasting models and identify trends and problems. You will also showcase your expertise by communicating insights and collaborating with cross-functional teams to drive finan-cial performance and optimize business outcomes.The work model for the role is: #LI-Onsite, #LI-HybridThis role is contributing to the ABB Services in Bangalore. You will be mainly accountable for:•\tPerforming analysis of business performance versus budget and forecast. Performing bench-marking of key performance indicators with external and internal peers.•\tPerforming 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.•\tFinancial 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 rates for differ-ent business scenarios.•\tPerforming 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.•\tSupporting preparation of relevant organization financial reporting, business planning & fore-casting. Supporting forex valuations, hedging, audits & Group on special projects. Maintain proper audit trail and documentation for future tax / internal / external audits and reviews.•\tValidating accuracy of financial data and business information and reports by performing rec-onciliation 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. Ensur-ing processes and controls within own area of responsibility are designed and implemented in line with Group and unit requirements.•\tProviding training to FP&A Analysts and onboarding of new employees. Optimize own perfor-mance to increase productivity by developing automated solutions, eliminating duplications, coordinating information requirements. Recommend changes of process standards and proce-dures to improve the timely performance of process activities•\tIdentify areas for process / report standardization across different countries, divisions and busi-ness units. Ensure processes and controls within own area of responsibility are designed and implemented in line with Group and unit requirements. Ensure SOPs are prepared and updated regularly for all activities performed by the team.

Qualifications for the role

\tAt least 5 year experience in Accounting and Finance with 2+ years of experience in FP&A is preferable.\tBachelor or Master’s degree in a Finance and/or Accounting. CMA/CA/ MBA Finance preferred\tStrong communication skills.Fluent in English.\tExperience with MS Office. Hands on experience in SAP FICO and COPA modules\tBasic Knowledge of Sales & Distribution, Production planning, Projects, Material master mod-ules in SAP\tAbility 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. #MyABBStoryIt 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