Commercial Controlling & Product Costing Financial Analyst
Siemens Thane, Maharashtra, India
Automation Machinery Manufacturing · 10,001+ employees
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About the role
The role involves managing product costing, commercial controls, and profitability analysis to support accurate business decisions. Responsibilities also include ensuring compliance, preparing management reports, and coordinating benchmarking activities.
What they look for
Requirements
Candidates must hold a Bachelor's degree in Finance, Business, or a related field, with a Master's degree preferred. Applicants should have 4 to 10 years of relevant experience in product costing and commercial controlling, along with proficiency in SAP and MS Excel.
Full description
JOB PROFILE - Business Administration / Finance
Role Purpose: Manage product costing, commercial controls, compliance checks, management reporting, and profitability analysis to support accurate business decisions and effective cost governance.
ROLES AND RESPONSIBILITIES
1. TCE Management & Costing
- TCE updating and maintenance, including NXTOOL / NXTools
- Preparation and validation of DTO costing
- Costing for spare parts and related requirements
- Costing support for R&D project activities
- Preparation and review of BOE cost sheets
2. NXTools & Benchmarking
- NXTools updates, maintenance, and data accuracy
- Coordination and execution of global benchmarking activities
3. Royalty & Commercial Controlling
- Royalty payment calculation, validation, and reporting
- OCC controlling and related commercial monitoring
- PO approval-related activities and necessary commercial checks
4. Compliance & Controls
- Execution and documentation of Export Control spot checks
- Ensuring adherence to applicable internal control requirements
5. Management & Headquarters Topics
- Coordination and support for Headquarters and management-related topics
- Preparation and submission of OPW reports
6. Business & Profitability Analysis
- COPA analysis to assess revenue, cost, margin, and profitability performance
- Top 10 order analysis, including key commercial observations and management insights
REQUIREMENTS
Required Education:
- Bachelor's Degree in Commerce, Business Administration, Finance, Accounting or related field
- Master's Degree preferred - MBA in Finance / Business Administration / Cost Management
- Professional qualification like CMA / ICWA / CA Inter will be an added advantage
Experience Requirement:
- 4 to 10 years of relevant experience in Product Costing, Commercial Controlling, and Profitability Analysis
- Experience in manufacturing industry / automotive sector preferred
Key Skills & Competencies:
- Strong knowledge of Product Costing, SAP - COPA Analysis, Profitability Analysis
- Hands-on experience in Commercial Controlling, Compliance Controls, Management Reporting
- Proficiency in NXTools, Benchmarking methodologies and MS Excel
- Good analytical, communication and stakeholder management skills
- Must-Have Skills: Product Costing, Commercial Controlling, SAP COPA Analysis, NXTools, Profitability Analysis, Management Reporting, Compliance Controls
- Nice-to-Have Skills: Global Benchmarking, Export Control Compliance, DTO Costing, BOE Cost Sheets Preparation, OPW Reporting
Job ID
528486
Posted since
05-Nov-2026
Organization
Smart Infrastructure
Field of work
Finance
Company
Siemens Limited
Experience level
Mid-level Professional
Job type
Full-time
Work mode
Office/Site only
Employment type
Permanent
Location(s)
• Thane - Maharashtra - India
