Financial Planning & Analysis Analyst

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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 financial performance and optimize business outcomes.
The work model for the role is: #LI - Onsite, #LI - Hybrid
This role is contributing to the Financial Planning and Analysis in Bangalore.
You will be mainly accountable for:
Supporting the analysis of business performance versus plan and proposing improvement actions.
Performing benchmarking of key performance indicators with industry competitors and similar businesses within ABB.
Working with management team to understand and analyze drivers of financial performance and identifying market trends.
Preparing financial modeling for various hypotheses and analyzing impact to the organization and validating the accuracy of financial data and business information and reporting through reconciliation and review of exceptions.
• Performing analysis of business performance versus Plan and forecast.
• Performing month end 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.
• Analysis of overhead under / over absorption indicating root cause.
• Performing cost / benefit analysis and analysis of inventories, NWC
• Preparing ad-hoc reports as per business / function’s request.
• Supporting preparation of relevant organization financial reporting, business planning & forecasting.
• Supporting audits.
• Validating accuracy of financial data and business information and reports by performing reconciliation and review of exceptions.
• Optimize own performance to increase productivity by developing automated solutions, eliminating duplications, coordinating information requirements.
• Identify areas for process / report standardization across different countries, divisions and business units.
• Ensure processes and controls within own area of responsibility are implemented in line with Group and unit requirements.
• Maintain proper audit trail and documentation for future tax / internal / external audits and reviews
• Maintain SOPs for all activities performed.

Qualifications for the role

• 3- 5 year experience in Financial Planning and Analysis.
• Hands on experience in SAP FICO modules preferred
• 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.
• Fluent in English.

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