Project Finance Analyst
ABB
Project Finance Analyst
At ABB, we are dedicated to addressing global challenges. Our core values: care, courage, curiosity, and collaboration - combined with a focus on diversity, inclusion, and equal opportunities - are key drivers in our aim to empower everyone to create sustainable solutions. Write the next chapter of your ABB story.
This position reports to
Global Project Finance Manager
Your role and responsibilities
You will be working as Project Finance Analyst and will be part of Process Automation Business Area for Energy Industries Division based in Bangalore, India. In this role you will be reporting to Global Project Finance Manager and will be responsible for supporting the Project Manager or Project Finance Manager in the country assigned in all financial and commercial matters related to the project and actively drives their respective project's performance. The work model for the role is: #LI-Onsite, #LI - Hybrid This role is contributing to the ABB Services in Bangalore, India. You will be mainly accountable for: • Support project managers in all financial and commercial matters and actively drive the project's performance. Ensure compliance with Accounting & Reporting Policies and applicable internal control procedures • Maintain projects in SAP, hereunder the project cost- and income budget and the WBS and ac-tivity structure. Ensure timely invoicing according to the contract and timely payment of invoices. • Establish any required financial guarantees. Establish any required foreign currency contracts (hedging) and initiate swap arrangements when required • Provide forecast information like cash flow plan, revenue recognition plan and cost-to-complete • Monthly reporting internally and externally. Monitor and control actual cost and revenues against the budget and forecast. Identify, analyze, report and follow-up any economical deviations related to recognized revenues and gross margin, actual/planned costs, cash flow and over dues. • Participate in the project's risk management process for early identification of risks and opportu-nities, and do monthly assessment of the identified risks, contingencies and opportunities • Participate in project review committee. Provide input to the Project Cost report and PR+ and other relevant tools. • Promote commercial awareness in the project team
Qualifications for the role
More about us
ABB Finance is a trusted partner to the business and a world-class team who delivers forward-looking insights that drive sustainable long-term results and operates with the highest standards. We value people from different backgrounds. Apply today for your next career step within ABB and visit www.abb.com to learn about the impact of our solutions across the globe. #MyABBStory It has come to our attention that the name of ABB is being used for asking candidates to make payments for job opportunities (interviews, offers). Please be advised that ABB makes no such requests. All our open positions are made available on our career portal for all fitting the criteria to apply. ABB does not charge any fee whatsoever for recruitment process. Please do not make payments to any individuals / entities in connection to recruitment with ABB, even if is claimed that the money is refundable. ABB is not liable for such transactions. For current open positions you can visit our career website https://global.abb/group/en/careers and apply. Please refer to detailed recruitment fraud caution notice using the link https://global.abb/group/en/careers/how-to-apply/fraud-warning
At ABB, we are dedicated to addressing global challenges. Our core values: care, courage, curiosity, and collaboration - combined with a focus on diversity, inclusion, and equal opportunities - are key drivers in our aim to empower everyone to create sustainable solutions. Write the next chapter of your ABB story.
This position reports to
Global Project Finance Manager
Your role and responsibilities
You will be working as Project Finance Analyst and will be part of Process Automation Business Area for Energy Industries Division based in Bangalore, India. In this role you will be reporting to Global Project Finance Manager and will be responsible for supporting the Project Manager or Project Finance Manager in the country assigned in all financial and commercial matters related to the project and actively drives their respective project's performance. The work model for the role is: #LI-Onsite, #LI - Hybrid This role is contributing to the ABB Services in Bangalore, India. You will be mainly accountable for: • Support project managers in all financial and commercial matters and actively drive the project's performance. Ensure compliance with Accounting & Reporting Policies and applicable internal control procedures • Maintain projects in SAP, hereunder the project cost- and income budget and the WBS and ac-tivity structure. Ensure timely invoicing according to the contract and timely payment of invoices. • Establish any required financial guarantees. Establish any required foreign currency contracts (hedging) and initiate swap arrangements when required • Provide forecast information like cash flow plan, revenue recognition plan and cost-to-complete • Monthly reporting internally and externally. Monitor and control actual cost and revenues against the budget and forecast. Identify, analyze, report and follow-up any economical deviations related to recognized revenues and gross margin, actual/planned costs, cash flow and over dues. • Participate in the project's risk management process for early identification of risks and opportu-nities, and do monthly assessment of the identified risks, contingencies and opportunities • Participate in project review committee. Provide input to the Project Cost report and PR+ and other relevant tools. • Promote commercial awareness in the project team
Qualifications for the role
- Bachelor's in Commerce / accounting / business administration / CMA / CWA / CA
- 2 - 4 years of experience in Project Controlling / Financial Planning & Analysis
- Fluency in English
- Proactive and responsible personality with good team work and excellent communication skills
- Flexibility and willingness to take on responsibility
- Efficient and high work capacity to master periodically high workload
- Experience in use of SAP and relevant Microsoft programs. Can work independently, result-oriented and structured
More about us
ABB Finance is a trusted partner to the business and a world-class team who delivers forward-looking insights that drive sustainable long-term results and operates with the highest standards. We value people from different backgrounds. Apply today for your next career step within ABB and visit www.abb.com to learn about the impact of our solutions across the globe. #MyABBStory It has come to our attention that the name of ABB is being used for asking candidates to make payments for job opportunities (interviews, offers). Please be advised that ABB makes no such requests. All our open positions are made available on our career portal for all fitting the criteria to apply. ABB does not charge any fee whatsoever for recruitment process. Please do not make payments to any individuals / entities in connection to recruitment with ABB, even if is claimed that the money is refundable. ABB is not liable for such transactions. For current open positions you can visit our career website https://global.abb/group/en/careers and apply. Please refer to detailed recruitment fraud caution notice using the link https://global.abb/group/en/careers/how-to-apply/fraud-warning
JOB SUMMARY
Project Finance Analyst
ABB
Bengaluru
2 days ago
N/A
Full-time
Project Finance Analyst