Principal Analyst - Fixed Assets

Siemens Energy, Inc.; Bengaluru; On-site; INR 1,500,000 - 2,300,000; Full time

Benefits offered by this job

Flexible working

Innovation projects

Supportive culture

Job summary

Siemens Energy is seeking a Principal Analyst - Fixed Assets to support the Fixed Assets Team Lead with day-to-day operations, ensuring timely and accurate recording of assets under IFRS and local GAAP.

You will own daily Fixed Assets transactions, drive process improvements, assist with month-end closures, audits, and cross-functional collaboration with regional hubs and business lines across the organization.

Qualifications

• Bachelor’s degree in accounting or related field.
• Minimum 5 years of relevant experience in Accounting & Finance Operations.
• Fixed Assets accounting and IFRS and local GAAP knowledge is preferable.
• Good MS-Office skills, especially Excel.
• Good understanding of SAP business processes.
• Willingness to travel for knowledge transfer.

Responsibilities

• Ensure stability in monthly, quarterly and annual closing activities.
• Query data from multiple sources, extract, analyze and report those effectively.
• Assist with ad-hoc duties required by management.
• Support Fixed Assets team in complex issues and provide feedback to the Team Lead.
• Contribute to internal controls and assist audits as needed.
• Document and update DTPs for existing and new processes.
• Participate in finance transformation projects and ERP migrations.
• Standardize and automate Fixed Assets workflows cross-functionally.

Skills

MS Excel

SAP knowledge

IFRS/GAAP knowledge

English fluency

Process improvement

Education

Bachelor’s degree in accounting or related field

Job description

A Snapshot of Your Day

In your role as Principal Analyst - Fixed Assets:

You will support the Fixed Assets Team Lead with day-to-day operations, you will be responsible for Process Management related activities such as proposing, implementing, monitoring and reporting KPIs and internal controls.

You will work in a team of domain experts, in which your tasks include clarification of accounting issues, analysis of errors, initiation of any necessary corrections and involvement in process improvement activities or initiatives, if needed with support from the Fixed Assets Team Lead.

You will take ownership of daily Fixed Assets transactions and month-end-closing activities and ensure they are recorded in a timely and accurate manner, in accordance with IFRS and local GAAP quality standards or any other relevant regulations and guidelines.

You will be expected to collaborate and build strong partnerships with internal and external stakeholders such as regional accounting hubs, local business teams, and other partners within Siemens Energy’s local and global communities.

You will listen actively and continuously focused on the stakeholder requests, managing complex and uncertain operational issues, while decisively moving forward in taking ownership of decisions, together with the Fixed Assets Team Lead.

Share best practices with all relevant stakeholders.

Escalations & Process Improvement

With your relevant experience, you support the team in all Fixed Assets accounting issues and are available to the Fixed Assets Analysts as a competent contact person.

Proactive proposal or involvement in operational initiatives and exercise curiosity and creativity in suggesting improvement ideas or other value-added solutions

How You’ll Make An Impact

• Daily Operations, Controls and Process Improvements
• As a detail oriented, actively committed and involved Principal Analyst - Fixed Assets you will be responsible for:
• Ensuring stability in monthly, quarterly and annual financial closing activities, actively providing support to Fixed Assets team members as a domain specialist.
• Querying various process related sets of data from multiple sources, through applying technical expertise to extract, compile, analyze and report those effectively.
• You assist with ad-hoc duties required by management to meet the needs of the business.
• Working independently, proactively supporting the Fixed Assets team members providing feedback for more complex issues to the Fixed Assets Team Lead.
• You will be responsible for internal controls in Fixed Assets accounting, also participating in internal and external audit process by providing timely and qualitative information and resolve queries from the auditors (where applicable for the assigned countries/legal entities).
• You execute and continuously update DTP (Desktop Procedure) documentation for existing and are involved in the creation of DTPs for new processes/variances.
• You are actively involved in finance transformation projects, handling multiple activities through effective prioritization and time management skills. You will also support projects related to Fixed Assets, Mergers and Acquisitions and ERP migration projects, among others.
• Contributing and engaging in standardizing and automating our workflows and Fixed Assets processes and our cross-functional processes throughout the company.
• With your open-mindedness and willingness to learn, by building your skills and capabilities within our organization, you will support the Fixed Assets team with the tasks at hand.
• Invest in your own career development by regularly seeking and giving honest feedback and embracing a curious mindset in learning and personal development.
• You will be actively contributing to our strategy for building an environment for people, processes and technology, using innovation as a personal growth driver.
• Become more self-directed, build process ownership and find meaning in your work by taking part in process improvement initiatives and cross-functional projects.
• Build strong partnerships to win the trust of our stakeholders through respectful, agile, accountable behavior when interacting with colleagues, customers, partners and Siemens Energy local and global communities.

What You Bring

• Bachelor’s degree in accounting or related field
• Minimum 5 years of relevant experience in Accounting & Finance Operations
• Fixed Assets accounting and IFRS and local GAAP knowledge is preferable.
• Good MS-Office skills (especially in MS-Excel).
• Good understanding of business processes in SAP.
• Placeholder for other specific tools
• Experience in transition and transformation projects is an advantage.
• Willingness to travel for knowledge transfer, training/workshops, if needed
• You are open and communicative in nature as well as fluent English skills complete your profile.

About The Team

Our Corporate and Global Functions are essential in driving the company's strategic initiatives and ensuring operational excellence across various departments, business areas, and regions. These roles support our vision to become the most valued energy technology company in the world. As part of our team, you contribute to our vision by shaping the global energy transition, partnering with our internal and external stakeholders, and conducting business responsibly and in compliance with legal requirements and regulations.

Who is Siemens Energy?

At Siemens Energy, we are more than just an energy technology company. We meet the growing energy demand across 90+ countries while ensuring our climate is protected. With more than 92,000 dedicated employees, we not only generate electricity for over 16% of the global community, but we’re also using our technology to help protect people and the environment.

Our global team is committed to making balanced, reliable, and affordable energy a reality by pushing the boundaries of what is possible. We uphold a 150-year legacy of innovation that encourages our search for people who will support our focus on decarbonization, new technologies, and energy transformation.

“Let’s make tomorrow different today” is our genuine dedication at Siemens Energy to all customers and employees on the way to a balanced future.

Check out this video to learn more about Siemens Energy: https://www.siemens-energy.com/employeevideo

Our Commitment to Diversity

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 over 130 nationalities. 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.

Regards

• We offer options to work flexibly, especially after successful onboarding – whether it be working remotely, flexible working hours or a combination of both
• Working with a distributed team
• Opportunities to work on and lead a variety of innovative projects
• Supportive work culture