Finance Controlling Analyst - CP&O

Hitachi Energy Ltd.; Bengaluru; On-site; INR 900,000 - 1,400,000; Full time

Job summary

Hitachi Energy Ltd. is seeking a Finance Analyst in Bengaluru to support manufacturing sites and business units with costing, FP&A, and controlling activities. You will collaborate across global manufacturing finance teams and drive performance insights.

The role emphasizes SAP FICO/CO-PA proficiency, performance management, and continuous improvement initiatives within the Controlling Capability Centers, offering strong exposure to finance operations and cross-functional partnering.

Qualifications

• Bachelor's degree in accounting or equivalent mandatory.
• CMA/CA/MBA qualifications strongly preferred.
• 2–4 years in financial planning & analysis, preferably in manufacturing.
• Hands-on with SAP FICO and CO-PA; familiarity with SAP SD/PP/MM/PS is good.
• Proficiency in Excel and PowerPoint; strong analytical skills.

Responsibilities

• Analyse business performance vs budget/forecast and provide insights to factory and hub controllers.
• Review orders, gross margin, backlog, and monthly reconciliations/reporting.
• Assess income statement movements and explain deviations in revenue and margins.
• Support revenue recognition principles and SAP S/4HANA logic.
• Deliver profitability analysis at product/customer levels using SAP CO-PA (KE24/KE30).
• Analyze balance sheet movements, inventories, capex, and cash flow; propose actions.
• Prepare recurring management/corporate reports and support planning/budgeting.

Skills

Analytical thinking

Critical thinking

Communication

MS Excel

AI tools

Education

Bachelor's in accounting

CMA

CA

MBA

Tools

SAP FICO

CO-PA

SAP SD

SAP PP

SAP MM

SAP PS

Job description

Join the Controlling Practice and Operations (CP&O) team as a Finance Analyst based in Bengaluru. In this role, you will support manufacturing sites and business units by driving costing, financial planning and analysis, and controlling activities, providing insights that drive operational performance and achieve business objectives. This role offers the opportunity to work at the intersection of finance, operations, and business partnering, with broad exposure to global manufacturing finance and collaboration across Hitachi Energy. Ideal for an analytical and self-driven finance professional, the position provides opportunities to deepen expertise in SAP FICO, FP&A and performance management, while contributing to continuous improvement initiatives within the Controlling Capability Centers

How You'll Make an Impact

• Analyse business performance against budget and forecast, identify key drivers and trends, and provide value-adding insights to local factory, business, and hub controllers.
• Review orders received, order gross margin, backlog, and backlog gross margin, including reconciliations and monthly reporting.
• Assess monthly income statement performance before closing and explain deviations in revenue, margins, overhead absorption, and other key results.
• Apply revenue recognition principles for point-in-time and over-time scenarios, including an understanding of RA key logic in SAP S/4HANA.
• Deliver actionable profitability analysis at product and customer levels through SAP CO-PA (KE24/KE30), enabling performance evaluation and decision support within MTO (Make to Order) and MTS (Make to Stock) business models
• Analyze balance sheet movements, inventories, networking capital, capital expenditure, and cash flow, and recommend actions where required.
• Prepare recurring management and corporate reports in line with the reporting calendar and support planning, budgeting, and forecasting activities.
• Validate financial data through reconciliations and exception reviews, and support internal controls, SOX, statutory audits, and internal audits.
• Cashflow – Analysis of Cash in and Cash Out Direct Method and Indirect method – Gap analysis b/w actual and forecast
• Support preparation of relevant organization financial reporting, business planning, budgeting, and forecasting
• Validate accuracy of financial data and business information and reports by performing reconciliation and review of exceptions
• Improve productivity and service quality by automating solutions, eliminating duplicate work, standardizing reports and processes, and adhering to Controlling Capability Centers KPIs
• Any other Ad Hoc work/assignment/job given, based on urgency and requirement, from time to time which are not listed above
• Living Hitachi Energy’s core values of safety and integrity, which means taking responsibility for your own actions while caring for your colleagues and business

Your Background

• Bachelor's degree in accounting, together with CMA, CA, or MBA qualification.
• 2 to 4 years of experience in financial planning and analysis; manufacturing industry experience is preferred.
• Working knowledge of standard costing, management reporting, budgeting, forecasting, and financial analysis.
• Hands-on experience with SAP FICO and CO-PA, understanding of SAP SD, PP, MM, and PS is preferred.
• Proficiency in Microsoft Office tools, particularly Excel and PowerPoint.
• undefined
• Strong analytical and critical-thinking skills, with the ability to solve problems independently and meet strict deadlines.
• Effective communication and presentation skills, with proficiency in spoken and written English.
• Demonstrated ability to use AI and digital tools to improve problem-solving, decision-making, and productivity while ensuring accuracy, compliance, sound judgment, and accountability for outcomes

More About Us

• Hitachi Energy offers exposure to diverse business units and opportunities to advance process standardization, automation, continuous improvement, and service quality across the organization.
• Willingness to adjust working hours in line with business and operational requirements
• Hitachi Energy is committed to fostering an inclusive workplace and advancing a sustainable energy future.

Demonstrates effective use of AI and digital tools to enhance problem-solving, decision-making, and productivity,

while applying sound judgment, ensuring accuracy and compliance, and maintaining accountability for outcomes

We are a global leader in electrification, powering the electricity era to meet the energy demands of today, and the next 25 years. As the energy arm of Hitachi Group, over three billion people depend on our pioneering, mission-critical technologies to power their daily lives.

With over a century of innovation, we are addressing the most urgent energy challenge of our time: driving the evolution of the world’s energy system to ensure abundant, secure, affordable, and sustainable power for today’s generation and the next.

With an unparalleled installed base in over 140 countries, we are the grid ecosystem partner across the utility, industry, data center, and transportation sectors. Headquartered in Switzerland, we employ over 56,000 people in 60 countries and generate revenues of around $20 billion USD.