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Finance Manager
About the Company
Siemens is seeking a highly motivated Finance Manager to join our team!
Job Description
Reviews
Frequently Asked Questions & Discussions
Job Details:
Siemens is seeking a highly motivated Finance Manager to join our team!
| Company Name | Siemens |
|---|---|
| Role | Finance Manager |
| Location | Bengaluru |
| Salary | Salary details will be discussed during the interview process. |
| Job Type | Full-Time, On-Site (In Office) |
Responsibilities
- Implement a robust framework for the review and detailed analysis of various balance sheet accounts, including Fixed Assets (FA), Under Billing Costs (UBC), Inventory, and Accruals.
- Maintain responsibility for ensuring compliance with International Financial Reporting Standards (IFRS), specifically regarding Revenue Recognition principles.
- Actively participate in the digitization and automation of existing manual and Excel-based processes to improve efficiency and accuracy.
- Review and monitor key performance indicators (KPIs) for Order to Cash (OTC) processes, including Revenue Forecast Confidence (FC), Inventory levels, Days Inventory Outstanding (DIO), Days Sales Outstanding (DSO), Cycle Time, and Non-Conformance Costs (NCC).
- Identify and spearhead digitalization opportunities, collaborating effectively with Business, Digitalization, and IT teams to implement innovative solutions.
- Ensure the timely and accurate completion of monthly closing entries, including entries pertaining to Accruals and Guideline-Based Provisions.
- Analyze financial statements (Balance Sheet and Profit & Loss) to identify areas for improvement and determine underlying root causes. Collaborate closely with Business Stakeholders to address identified issues and implement corrective actions.
- Establish effective and efficient processes to facilitate smooth and accurate month-end closing procedures related to Revenue, Accruals, Provisions, and other relevant areas.
Qualifications
- Open to Freshers
- Graduate Degree Required
- Postgraduate Degree Preferred
- No prior experience is necessary; however, relevant internships or academic projects are beneficial.
Skills
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Frequently Asked Questions
This role involves analyzing balance sheet accounts, ensuring IFRS compliance, digitizing processes, monitoring KPIs for Order to Cash, identifying digitalization opportunities, completing monthly closing entries, and analyzing financial statements to identify areas for improvement.
A graduate degree is required, and a postgraduate degree is preferred. While no prior experience is necessary, relevant internships or academic projects are beneficial. Freshers are welcome to apply.
This is a full-time, on-site (in-office) position. The working days are 5 days per week.
The job is located in Bengaluru.
Other Information
Working Days: 5 Days per week
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How to Apply
- Review Job Details: Read through all the job details on this page to understand the requirements and responsibilities.
- Click the Apply Link: Scroll down and click the “Apply Link” button to be redirected to the official website.
- Fill Out the Application: On the official website, fill out the application form with the provided information.
- Double-Check Your Information: Before submitting your application, review all the details you’ve provided to ensure accuracy and completeness.
- Submit Your Application: Once you’re satisfied with your application, submit it through the official website as instructed.
