Business Finance Head - Grid Technology Transformer

Siemens; Mumbai; On-site; INR 6,000,000 - 9,000,000; Full time

Job summary

Siemens Energy India Limited is seeking an experienced Grid Technology - Transformers (TR EU Finance Head) to lead all finance matters for the execution unit. You will partner with the EU Head, drive strategic planning, budgeting, and capital allocation, and oversee commercial finance, controls, and governance to ensure profitable growth and strong cash flows.

The role demands 15+ years in finance with at least 7+ years in senior leadership, exposure to BU/commercial finance, and a track record

Qualifications

• 15+ years of post-qualification experience in finance.
• 7+ years in a senior finance leadership role.
• Experience in finance, commercial finance (operations) or P&L management.
• Industry exposure in power generation/infrastructure or manufacturing.
• Strong business acumen and strategic thinking.
• Excellent stakeholder management and communication skills.
• Ability to drive automation and AI in finance processes.

Responsibilities

• Act as finance partner to EU Head, influencing strategic decisions.
• Lead annual budgets, rolling forecasts, and multi-year business plans.
• Review order profitability, cost controls, and commercial finance activities.
• Ensure accurate monthly and quarterly closes with strong internal controls.
• Drive cash flow optimization and working capital management.
• Identify financial, operational, and regulatory risks and mitigate them.
• Develop the EU finance team and drive automation, digitization and AI initiatives.

Skills

Finance leadership

P&L management

Stakeholder management

Forecasting & budgeting

Digitalization & automation

AI adoption

Education

Chartered Accountant

MBA/Cost Accountant

Job description

Job Description:

Job Title - Grid Technology - Transformers (TR EU Finance Head)

Location - Mumbai

Reporting To

Executive Director (ED) & Chief Financial Officer (CFO) of Siemens Energy India Ltd.

A Snapshot of Your Day

AS TR Execution Unit Finance Head (TR EU Fin Head), you will be responsible for all finance matters pertaining to business operations and day-to-day decision making of the execution unit. You will also be the strategic partner to EU Head. The role combines commercial decision support, performance management, financial control, and governance. Key deliverables are ensuring profitable growth, strong cash flows, and compliance with company policies.

How Youll Make an Impact

1. Leadership & Strategy

• Act as finance partner to EU Head, influencing strategic and operational decisions
• Lead business planning, long-term financial strategy, and capital allocation for the EU
• Evaluate business initiatives, investments and expansion opportunities substantiating it with a robust business plan and financial analysis
• Shape and steer Brownfield and Greenfield investments, ensuring strategic alignment, flawless execution, and disciplined capital deployment to deliver enhanced and sustainable business growth

• Serve as the EUs executive representative, building trusted relationships with senior internal and external stakeholders, with involvement in strategic decisions

2. Budgeting, Forecasting & Performance Management

• Lead annual budgets, rolling forecasts, and multi-year business plans
• Track EU performance against budget/targets; analyze variances and proactively initiate corrective actions in a structured manner
• Establish and monitor KPIs (New orders, Revenue, Profit margins, Free Cash Flow, ROCE and Operating Working Capital)

3. Oversee Commercial Finance

• Review order/factory profitability in terms of material cost development, manpower utilization, recovery rates, cost controls and other measures for operating leverage
• Review order profitability, cost controls, manage import guidelines and lifecycle margins
• Support pricing, bidding, and contract negotiations from a financial and risk perspective
• Identify commercial risks, claims, and opportunities, plus ensure timely mitigation

4. Financial Control & Compliance

• Ensure accurate, timely monthly and quarterly closing of EU financial statements
• Maintain strong internal controls, adherence to accounting standards, and group policies and guidelines
• Coordinate audits (internal, statutory, tax) and proactively address issues identified

5. Monitor Cash Flow & Working Capital Management

• Drive cash flow optimization includes project cash flows, collection of accounts receivable, inventory control, and payables strategy.
• Support treasury initiatives viz. FX and Commodities for the EU

6. Risk Management & Governance

• Proactively identify financial, operational, and regulatory risks within the EU
• Ensure compliance with tax laws, regulatory requirements, and governance frameworks
• Support enterprise risk management initiatives

7. Team Leadership & Capability Building

• Lead and develop the EU finance team
• Build strong processes, systems, and a high-performance culture
• Drive automation, digitization, and continuous improvement in finance processes, including AI adoption and implementation

Key Stakeholders

• Company Management
• EU Head & Leadership Team
• Corporate Finance, Treasury, Tax, and Audit teams
• Sales, Operations, Projects, Procurement

Qualifications & Experience

Education

• Chartered Accountant (mandatory) with MBA/Cost Accountant

What You Bring

• 15+ years of post-qualification experience in finance, with 7+ years in a senior finance leadership role
• Strong exposure to business unit finance, commercial finance (operations) or P&L management
• Industry experience preferred in power generation/ infrastructure service business or manufacturing sectors

Key Skills & Competencies

• Strong business acumen and strategic thinking
• Deep understanding of financial statements, business finance and cash flows
• Excellent stakeholder management and communication skills
• High integrity, ownership mindset, and execution orientation
• Adaptive to digitalization and automation of processes
• Ability to operate in fast-growing, dynamic and complex environment

Success Measures (KPIs)

• EU sustainable growth and margin improvement
• Cash flow and working capital efficiency
• Delivery of brownfield and greenfield expansion projects in time and within budget
• Accuracy of forecasts and financial reporting
• Risk mitigation and compliance outcomes
• Team capability, encouraging diversity and process maturity

Siemens Energy India Limited (SEIL) has been a strategic partner in India for more than 100 years and is focused on being the most-valued energy technology company. Our large footprint spread across the entire region India, Sri Lanka, Bhutan, Nepal, Maldives) with state-of-the-art facilities and customers installations positively impacts the lives of hundreds of millions of people, helping the countries navigate their energy transition and achieve its net zero targets.

SEIL is a pure play energy technology company, offering a comprehensive portfolio of products, solutions, and services designed to support our customers along the entire energy value chain to go through their energy transition journey and achieve their net zero targets. Our portfolio offering includes low to zero emissions power generation, power transmission and storage, and decarbonization of the industry. More information on: www.siemens-energy-india.com

Find out how you can make a difference at Siemens Energy: https://www.siemens-energy.com/employeevideo