Siemens India
Siemens India | Executive/Sr. Executive Finance
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Job Highlights
Responsibilities
- Ensure timely and accurate financial planning, forecasting, and reporting activities for the factory.
- Prepare annual budgets and factory target agreements.
- Monitor financial performance against budgets and forecasts, highlighting key risks and opportunities.
- Conduct variance analysis of KPIs versus budget and forecast, recommending corrective actions.
- Perform order-wise and product portfolio-wise profitability analysis.
- Oversee product costing processes, including standard cost updates and cost variance analysis.
- Prepare detailed costing reports and provide insights to improve margins and efficiency.
- Maintain integrity of financial books and records in line with IFRS and internal control guidelines.
- Manage month-end closing activities, ensuring accurate revenue and cost recognition.
- Handle inventory accounting, reconciliations, and reporting.
- Review pricing for incoming orders and initiate credit/debit notes for discrepancies.
- Monitor and control working capital, including inventory, payables, and capex.
- Support cash flow planning and optimization initiatives.
- Track and monitor factory expansion project costs and perform variance analysis.
- Conduct periodic review and capitalization of CWIP (Capital Work in Progress).
- Support physical verification of fixed assets.
- Drive digitalization and automation initiatives within finance processes.
- Identify opportunities to improve efficiency, accuracy, and reporting capabilities.
Requirements
- Working Capital & Cash Flow Management.
- Strong knowledge of costing, inventory accounting, and financial planning.
- Familiarity with IFRS and ERP systems (SAP preferred).
- Strong analytical skills, attention to detail, and stakeholder management.
About the company
Siemens
Siemens is a technology company founded in Berlin in 1847 and headquartered in Munich, Germany. It works across industry, infrastructure, mobility and healthcare, combining automation, electrification and software. Siemens has been present in India since 1867; Siemens Limited, its flagship company in India, is listed on the NSE and BSE, is headquartered in Mumbai and serves customers in digital industries, smart infrastructure and mobility.
Siemens Technology and Services Private Limited runs Siemens' global business services and technology centres in India, including finance and procurement services and controlling and reporting teams in cities such as Thane, Bengaluru and Pune. Finance roles at Siemens in India cover business controlling, financial reporting, accounting and closing, tax, treasury and audit, and suit CA, CMA (ICWA) and MBA (Finance) professionals as well as commerce graduates.
