Siemens India
Siemens India | Manager - Finance & Procurement Services
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Job Highlights
Responsibilities
- The Senior Manager – Commercial will be responsible for driving robust financial governance and commercial excellence at the Waluj manufacturing facility.
- The role will ensure transparency, compliance, and efficiency across factory accounting, payables, inventory, fixed assets, and reporting, while actively leading digitalization initiatives and fostering a culture of ownership, integrity, and continuous improvement aligned with Siemens values.
- This role is based in Mumbai, where you’ll get the chance to work with teams impacting entire cities, countries – and the shape of things to come.
- Lead factory accounting, including product costing, overhead allocation, and monthly financial closing.
- Ensure accurate, timely reporting and detailed variance analysis.
- Drive cost optimization and productivity improvement initiatives in alignment with plant objectives.
- Oversee invoice verification and bill passing aligned with PO/GRN and contractual terms.
- Ensure timely vendor payments while adhering to Siemens compliance frameworks.
- Ensure efficient warehouse operations covering receipt, storage, and dispatch.
- Maintain high levels of inventory accuracy in SAP.
- Monitor slow-moving and obsolete stock and drive corrective actions.
- Lead periodic physical inventory verification and reconciliation.
- Investigate discrepancies and implement corrective/preventive measures.
- Ensure compliance with statutory regulations (including GST) and Siemens internal policies.
- Support internal, statutory, and corporate audits and ensure timely closure of observations.
- Ensure accurate provisioning and accruals in line with accounting standards.
- Support budgeting and forecasting processes.
- Maintain completeness and accuracy of financial liabilities.
- Manage capitalization, asset accounting, and depreciation.
- Ensure periodic physical verification and proper asset tracking.
- Monitor capital expenditure against approved budgets Digitalization and Process Excellence (Key Initiative).
- Lead digital transformation across commercial and finance processes.
- Develop dashboards and insights using Power BI for data-driven decision-making.
- Identify opportunities for automation, process simplification, and efficiency improvements.
- Ensure adherence to Siemens EHS guidelines and policies.
Requirements
- Strong hands-on experience in SAP (FI/MM modules preferred).
- Advanced proficiency in MS Office (Excel, PowerPoint).
- Experience in Power BI / data analytics tools.
- Strong foundation in costing, inventory, and financial controls.
- Knowledge of statutory compliance and audit.
- 10–15 years of experience in manufacturing finance / plant commercial roles
- Experience in multinational environment preferred
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.
