ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide.
VACANCY DETAILS :-
POST NAME - Finance Planning & Analysis Specialist
QUALIFICATION - CA/CMA
EXPERIENCE - 6 To 7 Years
LOCATION - Bangalore
JOB DESCRIPTION :-
- Support local Division Controller on Monthly and Quarterly closing of books as per USGAAP /INGAAP/A&RP guidelines.
- Supports the tender manager w.r.t financial aspects and commercial /contractual related clauses. Also, ensuring to follow ABB Risk Review Guidelines during the tendering process.
- Analysis of product/project wise revenues, cost and profitability analysis of various product lines on monthly basis and make necessary suggestion to the top management.
- Coordinating with Statutory Auditors, evaluating internal control systems/ procedures with a view to highlight shortcomings and implementing necessary recommendations.
- Supports local division controller in preparation of relevant organization financial reporting, business planning, budgeting and forecasting. Validates accuracy of financial data and business information and reports by performing reconciliations and review of exceptions.
- Review Product /Project Financial performance of the project along with project manager (As sold vs latest estimate) . Drive and seek for optimization of Project Cashflow, Revenues and GM contribution together with Project Manager. Oversees currency risk, bonds and guarantees and tax issues. Is responsible for the correctness of project balance sheet and income statement as well as for cash flow and monthly/quarterly forecast.
- Participates in opportunity/risk identification, monitor that all required mitigation actions are implemented timely. Joint responsibility with the Project Manager for all Financial aspects of the project including Estimate at completion and related Cost-to- complete, forecasted Revenues and Cash Flow, Risks and Opportunities assessment and ensure alignment with other functions including Project Controls, planning/scheduling. Supports the Project Manager in coordinating and preparing monthly project reviews. Participates in preparing the project cost report. Verifies the substance for cost to complete.
- Provides support on claim management, Price variation claims, back-charges and insurance cases and monitors the proper follow up together with the Contract Manager/Project Manager up-stream (towards customer), side-stream (towards consortia partner) as well as down-stream (towards suppliers).
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