At ABB, we help industries outrun - leaner and cleaner. Here, progress is an expectation - for you, your team, and the world. As a global market leader, we'll give you what you need to make it happen. It won't always be easy, growing takes grit. But at ABB, you'll never run alone. Run what runs the world.

This Position reports to:
Accounting & Reporting Manager - General Accounting

Take your next career step at ABB with a global team that is energizing the transformation of society and industry to achieve a more productive, sustainable future.

At ABB, we have the clear goal of driving diversity and inclusion across all dimensions: gender, LGBTQ+, abilities, ethnicity and generations. Together, we are embarking on a journey where each and every one of us, individually and collectively, welcomes and celebrates individual differences.

You will be working as Team Lead-Cost Accounting and will be reporting to Cost Accounting- Manager and

will be a part of Bangalore, India. In this role you will be primarily responsible for leading a group or team focused on the complete, accurate, and timely completion of Fixed Assets Accounting & Reporting and related activities within the General Accounting (GA) team. Ensure compliance with internal guidelines and procedures as well as external regulatory requirements

Your responsibilities

• Performing general accounting activities and recording financial transactions.
• Conducting investigations and reconciliations of accounts as necessary for any discrepancies.
• Executing accounting analyses and reports in support of finance and business leaders.
• Producing reports, statement of accounts, reconciliations, statements of sourcing
• Month end book closing activities
• Living ABB's core values of safety and integrity, which means taking responsibility for your own actions while caring for your colleagues, and the business.
• Basic Knowledge of Result Analysis on Sales & Distribution, CRM Orders, Projects, Material master modules in SAP.
• Basic Knowledge on Over Head rates calculation and Inventory accounting process.
• Analysis of overhead under / over absorption indicating root cause.
• Performing cost / benefit analysis and analysis of inventories, NWC
• 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. Maintain proper audit trail and documentation for future tax / internal / external audits and reviews
• Maintain SOPs for all activities performed.
• Basic Knowledge of Result Analysis on Sales & Distribution, CRM Orders, Projects, Material master modules in SAP.
• Basic Knowledge on Over Head rates calculation and Inventory accounting process.
• Develop, monitor, and manage secondary cost elements in cost accounting systems.
• Ensure accurate assignment and allocation of costs to appropriate cost elements.
• Cost Reporting and Analysis: Generate and analyze regular and ad-hoc cost reports, highlighting trends, variances, and opportunities for cost optimization.
• Cost Management Reorganization: Lead the reorganization of cost elements, cost centers, and cost structures to align with new business models or organizational changes.

Your background

• A master's degree MBA/Mcom or Preferably CMA.
• For experienced Team lead, we are looking forward to 8 to 10 years' experience on SAP & Cost Accounting Experience.
• Outstanding attention to detail, accuracy, and ability to multitask.
• Strong written and verbal communication skills.
• Ability to work with diverse teams across different countries & Manage 10 People Team.
• Problem solving skills

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 look forward to receiving your application (documents submitted in English are appreciated). If you want to discover more about ABB, take another look at our website www.abb.com .

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 websit e https://global.abb/group/en/careers and apply. Please refer to detailed recruitment fraud caution notice using the lin k https://global.abb/group/en/careers/how-to-apply/fraud-warning

Work model: on site / Hybrid

We value people from different backgrounds. Could this be your story? Apply today or visit www.abb.com to read more about us and learn about the impact of our solutions across the globe.

Fraud Warning: Any genuine offer from ABB will always be preceded by a formal application and interview process.
We never ask for money from job applicants.

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 .