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This Position reports to:

Finance Manager

 

Your role and responsibilities (Mandatory)

Mission Statement:

Play key role in Project Controlling, financial analysis, closing activities including audits, reporting of the division and support project management team in all financial and commercial matters and actively drive the Product /project performance.

The work model for the role is: LI#Onsite

This role is contributing to the ABB Motion System Drives Business Division - Nelamangala - Bangalore.

You will be mainly accountable for:

• 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).

Qualifications & Must-Have Criteria

• CA/CMA with 6–7 years’ post-qualification experience in financial analysis, accounting, budgeting, and monthly/quarterly closing under USGAAP/INGAAP/A&RP.

• Strong experience in project/product financials — revenue, cost, profitability reviews, variance analysis, and management reporting.

• Proven capability to support tender teams on financial/commercial terms, risk reviews, and contract clauses.

• Hands-on exposure to project performance management (as-sold vs. latest estimate), cashflow optimization, forecasts, and risk & opportunity tracking.

• Experience coordinating statutory audits, reviewing internal controls, and managing claims, price variations, back-charges, and insurance cases with cross-functional teams.

More About Us:-

ABB MOSD Drives is the market leader in high-power, high-performance drives, drive systems and packages for industrial process and large infrastructure applications, and a leading supplier of power conversion equipment for renewable energy and other applications. The Division offers global support to help customers, partners and equipment manufacturers with asset reliability, performance improvement and energy efficiency in mission critical applications.
 

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