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Honeywell

Sr. Finance Analyst

Honeywell · Bengaluru, Karnataka, India

Automation Machinery Manufacturing · 10,001+ employees

4 h ago
Senior (5-10 yrs) Full-time India
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About the role

The Senior Finance Analyst will manage regional finance operations, lead annual standard costing processes, and provide financial insights on conversion costs and inventory. They will also partner with business leads to drive cost efficiency, perform variance analysis, and implement standardized financial reporting.

What they look for

Financial Analysis Standard Costing Financial Planning Budgeting Forecasting Variance Analysis Tableau BI Alteryx SAP Oracle Essbase HANA/BW Hyperion Cost Management Strategic Partnership

Requirements

Candidates must hold a Chartered Accountant, Cost Accountant, or Master’s degree in Finance or Business Administration. A minimum of 6 years of overall finance experience is required, along with proficiency in ERP systems and analytical tools.

Full description

As a Senior Finance Analyst at GFC BFS ISC BA, you will play a pivotal role in supporting the CFO by managing GBE/Regional finance operations and providing financial insights and analysis on ISC conversion costs and inventory. This role enables strategic decision-making, drives initiatives, and enhances cost performance. Core responsibilities include leading the Annual Standard Costing process, regular cost monitoring, planning, budgeting, forecasting, and variance analysis. Additionally, the role involves operational tasks such as accruals and financial reporting for ISC conversion costs and inventory.

Key Responsibilities

  • Standard Costing: Drive the Annual Standard Costing process, including governance with AC-04 and In-year standard costing and Audit walkthroughs.
  • Financial Planning and Analysis: Partner and support planning and forecasting processes for ISC costs, including AOP, forecasts (SRO/Pulse), and monthly estimates, in coordination with business and ISC finance leads.
  • Cost Management: Conduct in-depth financial analysis, trend analysis, and variance analysis of conversion costs, PPV, absorption, DLE Efficiency and IOS analytics to identify OI improvement opportunities. Create visibility at SBG, GBE/ Region, and product levels and drive analytics to improve metrics.
  • Reporting and Analytics: Manage financial reporting, estimates, accrual guidance, and business engagement with GBEs. Deliver Region/GBE/SBG-level visibility and analytics to drive ISC key metrics while working with ISC finance leads. Interpret results and provide actionable recommendations to meet SBG goals for cost efficiency and productivity.
  • Stakeholder Engagement: Partner with businesses/Region/GBE leads to review financial performance, address variances, align action plans, and drive strategic objectives.
  • Standardization and Automation: Implement standardized and automated financial processes and reporting to enhance productivity and operational efficiency. Develop integrated and standardized reporting in areas such as costs, inventory, IOS, etc.
  • Operational Deliverables: Ensure timely and accurate completion of recurring tasks, including accruals, intercompany recharges, and preparation of financial reports.

Honeywell helps organizations solve the world's most complex challenges in automation, the future of aviation and energy transition. As a trusted partner, we provide actionable solutions and innovation through our Aerospace Technologies, Building Automation, Energy and Sustainability Solutions, and Industrial Automation business segments – powered by our Honeywell Forge software – that help make the world smarter, safer and more sustainable.