Financial analyst and project controller

Job description

At ABB, we help industries run leaner and cleaner—and every person here makes that happen. You’ll be empowered to lead, supported to grow, and proud of the impact we create together. Join us and help run what runs the world. This position reports to: Finance Manager __ Responsibilities:A. Project Controlling (60-70%)Project Risk Review: Identify and assess project financial and operational risks; Support PM/M&S to develop risk mitigation strategies and contingency plans. Project Budget and Cost Management: Develop and maintain project budgets and financial plans; Monitor project spending against approved budgets. Project Execution Review: Track project financial performance and KPIs; Conduct regular project performance reviews and variance reporting according to project review policy; Conduct post-project financial reviews and lessons learned documentation. Project Reporting and Analysis: Prepare comprehensive project financial reports for management and stakeholders; Escalate critical issues and variances to management. B. Product Cost Controlling (30-40%)Product Cost Planning: take lead of a small scale manufacturing unit cost yearly plan, calculate OH/labor yearly rate, and update full cost model. Product Standard Cost Monitor:Review and validate product standard costs, track cost changes, and collaborate with product specilist for the cost accuracy. Cost Optimization:Recommend and implement cost reduction strategies and value engineering initiatives. Supplier Cost Management:Monitor and control supplier costs, negotiate contracts, and track supplier performance. Cost Accounting:Maintain accurate product cost records and ensure compliance with accounting standards; oversight ERP cost accounting accuratcy. Cost Reporting: Prepare regular product cost reports and variance analysis for management. A. Project Controlling (60-70%)Project Risk Review: Identify and assess project financial and operational risks; Support PM/M&S to develop risk mitigation strategies and contingency plans. Project Budget and Cost Management: Develop and maintain project budgets and financial plans; Monitor project spending against approved budgets. Project Execution Review: Track project financial performance and KPIs; Conduct regular project performance reviews and variance reporting according to project review policy; Conduct post-project financial reviews and lessons learned documentation. Project Reporting and Analysis: Prepare comprehensive project financial reports for management and stakeholders; Escalate critical issues and variances to management. B. Product Cost Controlling (30-40%)Product Cost Planning: take lead of a small scale manufacturing unit cost yearly plan, calculate OH/labor yearly rate, and update full cost model. Product Standard Cost Monitor:Review and validate product standard costs, track cost changes, and collaborate with product specilist for the cost accuracy. Cost Optimization:Recommend and implement cost reduction strategies and value engineering initiatives. Supplier Cost Management:Monitor and control supplier costs, negotiate contracts, and track supplier performance. Cost Accounting:Maintain accurate product cost records and ensure compliance with accounting standards; oversight ERP cost accounting accuratcy. Cost Reporting: Prepare regular product cost reports and variance analysis for management. Required QualificationsBachelor's degree in Finance, Accounting, or related field. 4-5 years above of experience in production cost control, and/or project financial management. Strong knowledge of project management principles, cost accounting, and risk management. Proficiency in Excel, financial software, and ERP systems. Excellent analytical and problem-solving skills. Strong communication and interpersonal abilities. Attention to detail and accuracy. Preferred QualificationsProject Management Professional (PMP) or similar certification as a plus. Certified Management Accountant (CMA) or similar credential as a plus. Experience in manufacturing, engineering, or industrial sectors. Knowledge of SAP, Oracle, or similar enterprise systems. Experience with project management software. Skills RequiredFinancial analysis and reporting. Cost control and variance analysis. Project accounting and financial management. Risk assessment and management. Stakeholder communication and presentation. Problem-solving and decision-making. Building a cleaner, smarter future takes all kinds of minds: the curious, the courageous, and the creative. That's why we welcome people from all backgrounds and experiences. Ready to make an impact? Apply today or visit https://www.abb.com to learn more about the impact of our solutions across the globe.