Project Finance Analyst

At ABB, we help industries outrun - leaner and cleaner. Here, progress is an expectation - for you, your team, and the world. As a global market leader, we'll give you what you need to make it happen. It won't always be easy, growing takes grit. But at ABB, you'll never run alone. Run what runs the world.

This Position reports to:

Global Project Finance Manager

You will be working as Project Finance Analyst and will be part of Process Automation Business Area for Energy Industries Division based in Bangalore, India. In this role you will be reporting to the Global Project Finance Manager and will be responsible for supporting the Project Manager or Project Finance Controller in the country assigned in all financial and commercial matters related to the project and actively drive their respective project's performance. Additionally, this role includes business trips to Denmark for on-the-job training.

Tasks:

- Support project manager/ project finance controller in all financial and commercial matters and actively drive the project's performance
- Follow up on some projects with Project Manager / Project Finance Controller (7-10 projects, total value 20 MUSD, biggest 12 MUSD)
- PR+ preparation and upload
- Working meetings with Project Manager before Project Review
- Maintain upload template and minutes of meeting
- PO review including GR/IR check and Basware
- Responsible for invoice on RRB (Reimbursable) based on approved cost
- Support in Bank Guaranties
- Handling of externals/OPC that is posted on project (PO, Timesheets, tax, accommodation, permits, travel, GR, etc)
- Provide forecast information like revenue recognition plan and cost-to-complete
- Monitor and control actual cost and revenues against the forecast & project budget (As-sold)
- Identify, analyze, report and follow-up any economic deviations related to recognized revenues and gross margin, actual/planned costs and over dues.
- Creation of internal orders/projects (warranty, work due etc)
- Support with documentation for audits and managements testing
- Provision for project licenses
- Participate in dunning
- Participate in the project's risk management process for early identification of risks and opportunities, and do monthly assessment of the identified risks, contingencies and opportunities
- Ensure compliance with Accounting & Reporting Policies and applicable internal control procedures

Requirements:

- Bachelor's in commerce / accounting / business administration / CMA / CWA / CA
- Upto 4 years of experience in Project Controlling / Financial Planning & Analysis/ project handling / settlement
- Fluency in English
- Structured and analytic approach
- ABB PFA education (added advantage)
- Timely focus and follow the financial time schedule
- Proactive and responsible personality with good team work and excellent communication skills
- Flexibility and willingness to take on responsibility
- Efficient and high work capacity to master periodically high work load
- Capability to work independently to high degree and also result-oriented and structured
- Experience in use of SAP and relevant Microsoft programs

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