Financial Planning

Financial Planning & Analysis COE Analyst 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 is a position with grade 14 This position reports to FP&A CoE Hub Business Area Lead 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 - 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 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. Financial 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 rate for different business sce-narios. Performing cost / benefit analysis and analysis of inventories, NWC. Preparing and ana-lyzing ad-hoc reports as per division’s / function’s request. • Analysis of overhead under / over absorption indicating root cause. Supporting preparation of relevant organization financial reporting, business planning & forecasting. Supporting forex valuations, hedging, audits & Group on special projects. • Validating accuracy of financial data and business information and reports by performing rec-onciliation and review of exception. 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. • Providing 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 • Identify 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. Maintain proper audit trail and docu-mentation for future tax / internal / external audits and reviews. Qualifications for the role - Total 3-5 Year of experience in financial planning and analysis in Manufacturing industry (Man-date) - Strong analytical and problem-solving skills. Thorough / detail-oriented approach. - Strong communication skills. Fluent in English. - Hands on experience in SAP FICO, S/4HANA 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