commercial analyst

Siemens; Indore District; On-site; INR 1,500,000 - 2,500,000; Full time

Benefits offered by this job

Medical Insurance

Meal Card option

Flexi Pay

Job summary

Siemens Energy India Limited is seeking a Commercial Project Controller to support the Commercial Project Manager on a factory expansion project. You will oversee CAPEX spend, costs, forecasts, FX exposure, and ensure transparent financial reporting throughout the project lifecycle.

You will collaborate with project management, finance, treasury, procurement, and engineering to drive cost discipline, capitalization, and digitalized reporting.

Qualifications

• Bachelor’s degree in Finance, Commerce, Accounting, Business Administration, Economics, or related discipline.
• 3–5 years of experience in project controlling, commercial finance, or similar.
• Proficiency in Excel; SAP and Power BI preferred.
• Knowledge of project costing, WBS, forecasting, FX management, and commercial principles.
• Strong communication and stakeholder management skills.

Responsibilities

• Manage CAPEX cost tracking, forecasting, variance analysis and cost comparisons.
• Maintain WBS-based cost structures and the project commitment register.
• Support capitalization control and cost reconciliation per policy.
• Evaluate financial impact of changes, claims, risks and opportunities.
• Monitor FX exposure and hedging with Treasury on forward contracts and hedge accounting.
• Prepare monthly project reviews, KPI dashboards and leadership updates.
• Drive digitalization of commercial reporting and project controls.
• Support audits with documentation, compliance and audit reviews.

Skills

Financial analysis

Excel

Stakeholder management

English communication

Education

Bachelor’s degree in Finance

Tools

SAP

Power BI

Job description

Job Description:

A Snapshot of Your Day (Commercial Project Controller – Factory Expansion Project)

As a Commercial Project Controller supporting the Commercial Project Manager (CPM), you will play a critical role in the financial and commercial management of Siemens Energy’s factory expansion project. Your day will involve monitoring CAPEX spend, analyzing project costs and forecasts, managing FX exposure, and ensuring transparent and accurate financial reporting throughout the project lifecycle. You will work closely with project management, finance, treasury, procurement, and engineering teams to provide commercial insights that support effective decision-making and project success.

In this role, you will contribute to maintaining cost discipline, supporting capitalization and compliance requirements, driving digitalization of commercial reporting, and ensuring that project performance is accurately reflected through management dashboards and KPI reporting. We are looking for a commercially minded professional with strong analytical capabilities, project finance expertise, and a passion for delivering financial transparency and operational excellence in a complex project environment.

How Youll Make an Impact

• Manage CAPEX cost tracking, forecasting, variance analysis, and cost comparisons to ensure transparency and financial control throughout project execution.
• Maintain Work Breakdown Structure (WBS)-based cost structures and the project commitment register, ensuring accurate tracking of project obligations and expenditures.
• Support capitalization control activities and reconciliation of project-related expenditures in line with company accounting standards and policies.
• Evaluate the financial impact of project changes, claims, risks, and opportunities, providing actionable recommendations to project stakeholders.
• Monitor foreign exchange (FX) exposure and hedging coverage, coordinating with Treasury teams on forward contracts and hedge accounting requirements.
• Analyze the impact of currency fluctuations on landed costs and the overall project business case, supporting proactive risk mitigation measures.
• Support commercial offer preparation, project costing activities, and review of commercial terms and conditions to safeguard project profitability.
• Prepare monthly project review reports, management presentations, KPI dashboards, and financial performance updates for senior leadership.
• Drive digitalization and automation initiatives within commercial reporting and project controls to improve efficiency, transparency, and decision-making.
• Support statutory and internal audits by maintaining accurate documentation, ensuring compliance, and facilitating audit reviews.
• Provide commercial and financial analysis to support the Commercial Project Manager and project leadership in strategic and operational decision-making.

What You Bring

• Bachelors Degree in Finance, Commerce, Accounting, Business Administration, Economics, or a related discipline.
• Preferably 3-5 years of experience in project controlling, commercial finance, CAPEX-intensive projects, manufacturing finance, or project commercial management.
• Strong financial and analytical skills with advanced proficiency in Microsoft Excel; experience with SAP, Power BI, and reporting tools is preferred.
• Good understanding of project costing methodologies, WBS structures, forecasting processes, FX management, hedging concepts, and commercial principles.
• Experience in financial planning, cost control, budget management, and variance analysis within project-based environments.
• Strong communication and stakeholder management skills with the ability to collaborate effectively across multiple functions and organizational levels.
• Ability to work independently, manage competing priorities, and deliver high-quality outputs within strict timelines.
• Strong problem-solving mindset and attention to detail, with a focus on operational excellence and continuous improvement.
• Knowledge of project accounting, audit requirements, compliance standards, and financial governance processes will be an added advantage.
• Proficiency in English with excellent verbal, written, and presentation skills.

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 customer installations positively impacts the lives of hundreds of millions of people, helping countries navigate their energy transition and achieve their net-zero ambitions.

SEIL is a pure-play energy technology company, offering a comprehensive portfolio of products, solutions, and services designed to support customers throughout the energy value chain. Our portfolio includes low to zero-emission power generation, power transmission, energy storage, and industrial decarbonization solutions.

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

Lucky for us, we are not all the same.

Through diversity, we generate power.

We run on inclusion and our combined creative energy is fueled by #TeamPurpleIndia.

Siemens Energy celebrates character, no matter what ethnic background, gender, age, religion, identity, or disability.

We energize society, all of society, and we do not discriminate based on our differences.

• All employees are automatically covered under Medical Insurance. Company-paid family floater cover extends to employee, spouse, and two dependent children up to 25 years of age.
• Siemens Energy provides an option to opt for a Meal Card as a tax-saving measure, as per company policy.
• Flexi Pay empowers employees to customize select salary components within a defined range, optimizing take-home income from the same fixed base pay.