Senior Analyst - Project Controlling

Alstom; Bengaluru; On-site; INR 1,500,000 - 2,200,000; Full time

Job summary

Alstom is seeking a Senior Analyst - Project Controlling in Bengaluru. You will deliver critical financial insights, ensure control of project results, and partner with Procurement and Finance teams to optimize costs. This role emphasizes BOM/EAC alignment, risk management, and data integrity across budgets, forecasts, and actuals.

You will work with cross-functional teams, maintain financial indices, and drive cost optimization while upholding financial standards and governance across projects.

Qualifications

• Master's degree in Finance or equivalent (CA/CMA) required.
• Experience in Project Controlling/Costing or Corporate Finance.
• Knowledge of SAP and MS Excel strongly preferred.
• Finance certification or related qualification is a plus.
• Strong analytical and presentation capabilities.

Responsibilities

• Validate mBOM financials to support project EAC.
• Root cause analysis of mBOM gaps with line-by-line detail.
• Ensure BOM, EAC, actuals, and To Be Engaged costs align.
• Manage risks, savings, and opportunities across projects.
• Monthly BOM reviews by subsystem, material category, supplier.
• Maintain inflation/index database for cost analysis.
• Ensure consistency across budget, forecast, actual figures.
• Partner with Project Procurement & Project Finance teams.
• Analyze monthly actual costs vs forecast; identify variances.
• Support cost forecasting in collaboration with Procurement.
• Coordinate with Supply Chain for cost monitoring.
• Review PPV and material rate variances.
• Own SAP/GSI transactions and reporting tools (QlikView, BI).
• Monitor extra costs and liaise with Claims department.
• Track revenue, gross margin, and cost-to-completion.
• Ensure procurement/material governance and controls.
• Validate cost assumptions and tender-stage costing.
• Drive cost optimization initiatives and cost reductions.
• Monitor WIP and cost performance vs targets.
• Provide financial reporting, KPIs, benchmarking.
• Identify cost drift; propose mitigations.
• Ensure compliance with internal project controls.
• Support management with reliable financial insights.

Skills

Financial management

Analytical skills

Presentation skills

Resilience

Adaptability

MS Excel

Education

Master's in Finance or CA/CMA

Tools

SAP

QlikView

BI tools

Job description

At Alstom, we understand transport networks and what moves people. From high-speed trains, metros, monorails, and trams, to turnkey systems, services, infrastructure, signalling and digital mobility, we offer our diverse customers the broadest portfolio in the industry. Every day, 80,000 colleagues lead the way to greener and smarter mobility worldwide, connecting cities as we reduce carbon and replace cars.

Could you be the full-time Senior Analyst - Project Controlling in Bangalore we’re looking for?

Your future role

Take on a new challenge and apply your meticulous financial management and analytical expertise in a new cutting-edge field. You’ll work alongside dedicated, strategic, and innovative teammates.

You’ll deliver critical financial insights and support to our project teams, fostering sound economic management and optimizing project financial targets. Day-to-day, you’ll work closely with teams across the business (Project Managers, Work Package Owners, Accounting Team), ensure control of project results, and much more.

You’ll specifically take care of the precision of financial project data, uphold compliance with financial standards, and proactively manage risks and opportunities.

We’ll look to you for:

• Validate Manufacturing BOM (mBOM) financials to support project EAC (Estimate at Completion)
• Perform detailed root cause analysis of mBOM gaps (line-by-line explanation)
• Ensure alignment between BOM, EAC, actuals, and "To Be Engaged" costs
• Manage risks, savings, and opportunities across projects
• Conduct monthly reviews of BOM evolution by subsystem, material category, and supplier
• Maintain financial index database for inflation tracking and cost analysis
• Ensure consistency across budget, forecast, and actual project figures
• Act as business partner to Project Procurement and Project Finance teams
• Analyze monthly actual costs vs forecast and identify variances
• Support cost forecasting and timing with Procurement teams
• Coordinate with Supply Chain for cost monitoring and progress tracking
• Review purchase price variance (PPV) and material rate variances
• Own and manage SAP/GSI transactions and reporting tools (e.g., QlikView, BI tools)
• Monitor extra costs, claims, and liaise with Claims department
• Track and forecast revenue, gross margin, and cost-to-completion
• Ensure strong procurement/material control and governance processes
• Validate cost assumptions, QCD performance, and tender-stage costing
• Drive cost optimization initiatives (cost reduction / “cost killing”)
• Monitor WIP, cost performance vs targets, and financial accuracy of project data
• Provide financial reporting, KPIs, and benchmarking (cost, productivity, delivery)
• Identify cost drift and productivity risks; propose mitigation actions
• Ensure compliance with internal rules, processes, and project control standards
• Support management with reliable financial insights and ad-hoc reporting

All About You

We value passion and attitude over experience. That’s why we don’t expect you to have every single skill. Instead, we’ve listed some that we think will help you succeed and grow in this role:

• A Master’s degree in Finance or equivalent (CA / CMA)
• Experience or understanding of Project Controlling / Costing / Corporate Finance
• Knowledge of financial management systems, notably SAP
• Familiarity with MS Excel
• A certification in finance or a related field is a plus
• Robust analytical and presentation skills
• Resilience and adaptability in the face of change

Things you’ll enjoy

Join us on a life-long transformative journey – the rail industry is here to stay, so you can grow and develop new skills and experiences throughout your career. You’ll also:

• Enjoy stability, challenges and a long-term career free from boring daily routines
• Work with the latest financial management tools and practices
• Collaborate with transverse teams and supportive colleagues
• Contribute to innovative projects that shape the future of transportation
• Utilise our flexible and dynamic working environment
• Steer your career in whichever direction you choose across functions and countries
• Benefit from our investment in your development, through award-winning learning programs
• Progress towards leadership and advanced specialist roles
• Benefit from a fair and dynamic reward package that recognises your performance and potential, plus comprehensive and competitive social coverage (life, medical, pension)

You don’t need to be a train enthusiast to thrive with us. We guarantee that when you step onto one of our trains with your friends or family, you’ll be proud. If you’re up for the challenge, we’d love to hear from you!

Important to note

As a global business, we’re an equal-opportunity employer that celebrates diversity across the 63 countries we operate in. We’re committed to creating an inclusive workplace for everyone.