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Lead - Freight FP&A

Employer
Wabtec Corporation
Location
Gurgaon Gurgaon Haryana, Haryana, India
Salary
Competitive Salary
Closing date
May 20, 2024

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Job Role
Financial Planning & Analysis
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Wabtec Corporation is a leading global provider of equipment, systems, digital solutions and value-added services for freight and transit rail. Drawing on nearly four centuries of collective experience across Wabtec, GE Transportation and Faiveley Transport, the company has unmatched digital expertise, technological innovation, and world-class manufacturing and services, enabling the digital-rail-and-transit ecosystems. Wabtec is focused on performance that drives progress, creating transportation solutions that move and improve the world. Wabtec has approximately 27,000 employees in facilities throughout the world. Visit the company's new website at: http://www.WabtecCorp.com .
It's not just about your career... or your job title...it's about who you are and the impact you are going to make on the world. Do you want to go into uncharted waters...do things that haven't been done to make yours and someone else's life better? Wabtec has been doing that for decades and we will continue to do so! Through our people, leadership development, services, technology and scale, Wabtec delivers better outcomes for global customers by speaking the language of industry.
It's not just about your career or job title... It's about who you are and the impact you will make on the world. Because whether it's for each other or our customers, we put People First. When our people come together, we Expand the Possible and continuously look for ways to improve what we create and how we do it. If you are constantly striving to grow, you're in good company. We are revolutionizing the way the world moves for future generations, and we want someone who is ready to move with us.
Who are we?
Wabtec Corporation is a leading global provider of equipment, systems, digital solutions, and value-added services for freight and transit rail as well as the mining, marine, and industrial markets. Drawing on nearly four centuries of collective experience across Wabtec, GE Transportation, and Faiveley Transport, the company has grown to become One Wabtec, with unmatched digital expertise, technological innovation, and world-class manufacturing and services, enabling the digital-rail-and-transit ecosystems.
Wabtec is focused on performance that drives progress and unlocks our customers' potential by delivering innovative and lasting transportation solutions that move and improve the world. We are lifelong learners obsessed with making things better to drive exceptional results. Wabtec has approximately 27K employees in facilities throughout the world. Visit our website (http://www.wabteccorp.com/) to learn more!
Role Summary/Purpose
The Lead FP&A - Freight India BU, is the point of contact for the BU financial closing, reporting and analysis. Responsibilities include overseeing and managing the monthly financial close process, strategic planning, budgeting, and forecasting for the sites.
This position is a member of a cross-functional site team and must be able to partner with leaders from other areas of the business including but not limited to Operations, Supply Chain, Quality, Project Management and Human Resources, to achieve the business plan and would lead the finance planning and analysis in India for Locomotive Services Business.
Essential Responsibilities
- FP&A
- Accountable for BU financial planning & analysis to enable business meet its financial and budget targets
- Management of the monthly financial close process. Generating financial statements in accordance with local and US GAAP.
- Gain and maintain deep understanding of the business unit's financial health and KPIs. Actively engage in preparation and participation for various reviews
- Development of a sound annual budget and 3-year strategic plan.
- Developing accurate and predictable business monthly and quarterly forecasts. Report on the financial past, present and future performance of the business unit, with a deep understanding for the drivers behind variances (including earnings, expenses, and future operations). Review monthly results to forecast to understand potential risks and opportunities.
- Ensure compliance with corporate accounting practices and procedures and internal controls. Ensure complete compliance with Sarbanes Oxley requirements, ensuring procedures and internal controls are in place each respective business unit within the Group.
- Support analytics around site metrics to enable visibility of productivity ideas and cost optimization
- Strong cost accounting and manufacturing background as understanding of costs and variances are key to the profitability of the Company. Work with Site Operation teams, Sourcing, Material Operations to understand root cause of all cost variances.
- Manage working capital metrics including Cash, accounts receivables and accounts payables.
- Ability to developing new business models for various opportunities and for tendering/bid management.
- Operations Finance
- Own site operating expenses (fixed and variable).
- Develop accurate and predictable forecasts.
- Drive business performance, monitor KPIs
- Report Financials in comparison with IOP, Pacing and clearly explain variances. Ensure deep understanding of all the cost drivers behind variances.
- Manage working capital metrics like Inventory and A/Payable (including control over PRs/POs, BGs, GRN workflows, PPV analysis)
- Involve and support analytics for productivity and cost optimization projects on Site Opex, People cost, consumables and Inventory levels optimization
- Ensure adequate control over Site Fixed Assets, capitalization processes and timelines, along with physical verification.
- Support Internal and Sox audits related requirements
Key Qualifications:
- 5-8 years of multi-faceted experience in Business finance or FP&A or commercial finance
- CA / MBA Finance
- Strong ERP/planning/ cost tracking system experience
- Ability to communicate effectively with cross-functional areas in the business
- Strategic thinking, problem solving and analytical skills
- Superior, proficient use of excel for financial modeling
Desired Characteristics:
- Prior experience of working in a multi-functional Finance organization is preferred
- Ability to work and prioritize under tight deadlines
- Ability to summarize and communicate effectively with cross-functional areas in the business and with executives
- Strong interpersonal and leadership skills
Our Commitment to Embrace Diversity:
Wabtec is a global company that invests not just in our products, but also our people by embracing diversity and inclusion. We care about our relationships with our employees and take pride in celebrating the variety of experiences, expertise, and backgrounds that bring us together. At Wabtec, we aspire to create a place where we all belong and where diversity is welcomed and appreciated.
To fulfill that commitment, we rely on a culture of leadership, diversity, and inclusion. We aim to employ the world's brightest minds to help us create a limitless source of ideas and opportunities. We have created a space where everyone is given the opportunity to contribute based on their individual experiences and perspectives and recognize that these differences and diverse perspectives make us better.
We believe in hiring talented people of varied backgrounds, experiences, and styles... People like you! Wabtec Corporation is committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or expression, or protected Veteran status. If you have a disability or special need that requires accommodation, please let us know.
Wabtec Corporation is committed to taking on the world's toughest challenges. In order to fulfill that commitment we rely on a culture of leadership, diversity and inclusiveness. We aim to employ the world's brightest minds to help us create a limitless source of ideas and opportunities. We believe in hiring talented people of varied backgrounds, experiences and styles...people like you! Wabtec Corporation is committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or expression, or protected Veteran status. If you have a disability or special need that requires accommodation, please let us know.

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