Senior Analyst - Project Controlling

Alstom; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Competitive compensation

Comprehensive health, life and pension

Job summary

Alstom in Bengaluru, India seeks a Senior Analyst - Project Controlling to drive financial discipline on complex transport projects. You will partner with project managers, procurement, and finance teams to ensure accurate budgeting, cost tracking, and EAC delivery.

You will validate BOM financials, analyze variances, monitor PPV and material costs, and support forecasting with robust dashboards and KPIs. A strong analytical mindset and SAP experience are essential.

Qualifications

• 5-8 years post-qualification experience in Project Controlling / Costing.
• Knowledge of financial management systems, notably SAP.
• Proficient 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.

Responsibilities

• Validate mBOM financials to support project EAC.
• Perform root cause analysis of mBOM gaps.
• Ensure alignment between BOM, EAC, actuals, and 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.
• 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.

Skills

Financial analysis

Cost control

Budgeting

Stakeholder management

Presentation skills

Excel proficiency

SAP knowledge

Tools

SAP

QlikView

BI tools

MS Excel

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 Bengaluru, India, 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.

• 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
• 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:

• 5-8 years post qualification experience in Project Controlling / Costing / Corporate Finance/ project accounting.
• 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 routine.
• Work with new security standards for rail signalling.
• Collaborate with transverse teams and supportive colleagues.
• Contribute to innovative projects that shape the future of mobility.
• Utilise our flexible and inclusive working environment.
• Steer your career in whatever direction you choose across functions and countries.
• Benefit from our investment in your development, through award-winning learning programs.
• Progress towards leadership roles in IT Finance or other areas of interest.
• 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.