Financial planning & Analysis Analyst

ABB; Bengaluru; On-site; INR 600,000 - 900,000; Full time

Job summary

ABB in Bengaluru is seeking a Financial Analyst to collect and analyze financial data, update budgets, and optimize business outcomes. You will collaborate with diverse teams to drive financial performance and ensure accurate reporting.

The ideal candidate has a Bachelor's or Master's degree in Finance, 2 years of experience in Financial Planning and Analysis, and proficiency in SAP FICO.

A detailed and self-motivated individual will excel in this role, contributing to ABB's success.

Qualifications

• Up to 2 years of experience in Financial Planning and Analysis.
• Detail-oriented approach and ability to work with diverse teams.
• Self-motivated with a strong commitment to quality.

Responsibilities

• Perform analysis of business performance versus Plan and forecast.
• Work on month-end closing activities and MIS reports.
• Perform cost/benefit analysis and prepare ad-hoc reports.

Skills

Strong analytical skills

Problem solving skills

Strong communication skills

Fluent in English

Education

Bachelor or Master’s degree in Finance and/or Accounting

CMA/CA/MBA Finance preferred

Tools

SAP FICO modules

MS Office

Job description

This position reports to

RA Business Area FP&A Services – Lead

Your role and responsibilities

In this role, you will have the opportunity to collect, analyze, and interpret financial data. Each day, you will update budgets and forecasting models and identify trends and problems.

You will also showcase your expertise by communicating insights and collaborating with cross‑functional teams to drive financial performance and optimize business outcomes.

The work model for the role is: #LI- Onsite, #LI- Hybrid This role is contributing to the ABB Services in Bangalore.

You will be mainly accountable for:

• Performing analysis of business performance versus Plan and forecast. Performing month end closing activities and MIS reports for the respective business / functions.
• Working with the other financial professionals in Divisions / Hubs / Countries / functions to understand and analyze the drivers of financial performance. Analysis of overhead under / over absorption indicating root cause.
• Performing cost / benefit analysis and analysis of inventories, NWC. Preparing ad‑hoc reports as per business / function’s request. Supporting preparation of relevant organization financial reporting, business planning & forecasting. Supporting audits.
• Validating accuracy of financial data and business information and reports by performing reconciliation and review of exceptions.
• Optimize own performance to increase productivity by developing automated solutions, eliminating duplications, coordinating information requirements. Identify areas for process / report standardization across different countries, divisions and business units.
• Ensure processes and controls within own area of responsibility are implemented in line with Group and unit requirements.
• Maintain proper audit trail and documentation for future tax / internal / external audits and reviews. Maintain SOPs for all activities performed.

Qualifications for the role

• Bachelor or Master’s degree in a Finance and/or Accounting. CMA/CA/ MBA Finance preferred.
• Up to 2 year experience in Financial Planning and Analysis
• Strong analytical and problem solving skills. Thorough / detail oriented approach.
• Strong communication skills. Fluent in English.
• Hands on experience in SAP FICO modules preferred
• Experience with MS Office
• Ability to work with diverse teams across different countries. Self-motivated with a strong commitment to quality