Business Finance Head - Grid Technology – Transformer

Siemens AG; Mumbai; On-site; INR 5,000,000 - 9,000,000; Full time

Job summary

Siemens Energy India Limited is seeking a Business Finance Head for Grid Technology – Transformer, reporting to the Executive Director and CFO. You will lead finance for the TR EU, acting as strategic partner and oversight of budgeting, forecasting, profitability, and governance.

The role requires Chartered Accountant with MBA or Cost Accountant, 15+ years in finance and 7+ in leadership, with experience in power/infrastructure and a drive for automation and digitalization.

Qualifications

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

Responsibilities

• Lead budgeting, rolling forecasts, and multi-year business plans for the EU
• Track performance against budget and drive corrective actions
• Oversee cash flow and working capital management and financial controls
• Coordinate audits and ensure internal controls and governance standards
• Drive automation, digitization, and AI adoption in finance processes

Skills

Leadership

Stakeholder management

Strategic thinking

Business acumen

Execution orientation

Education

Chartered Accountant

MBA

Cost Accountant

Job description

Business Finance Head - Grid Technology – Transformer

SIEMENS ENERGY INDIA LIMITED

Full-time

Office/Site only

Permanent

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

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 You'll 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 EU's 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
• 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
• Proactively identify financial, operational, and regulatory risks within the EU
• Ensure compliance with tax laws, regulatory requirements, and governance frameworks

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
• 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
• 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. More information on: www.siemens-energy-india.com