Financial Analyst and Project Controller

About the role

ABB is hiring a Financial Analyst and Project Controller in Beijing, reporting to the Finance Manager. The role combines project controlling (60-70% of the work) and product cost controlling (30-40%). It covers project budget and cost management, project performance tracking and reporting, and product cost planning, standard cost monitoring, cost optimization and supplier cost management.

Key responsibilities

• Identify and assess project financial and operational risks, and support the project manager in developing risk mitigation strategies and contingency plans.
• Develop and maintain project budgets and financial plans, and monitor spending against approved budgets.
• Track project financial performance and KPIs, conduct regular performance reviews and variance reporting, and carry out post-project financial reviews and lessons learned documentation.
• Prepare project financial reports for management and stakeholders, and escalate critical issues and variances.
• Lead a small-scale manufacturing unit's annual cost plan, calculate overhead and labour rates, and update the full cost model.
• Review and validate product standard costs, track cost changes and work with product specialists on cost accuracy.
• Recommend and implement cost reduction strategies and value engineering initiatives.
• Monitor supplier costs, negotiate contracts and track supplier performance.
• Maintain accurate product cost records, oversee ERP cost accounting accuracy and prepare regular product cost reports and variance analysis.

Required profile

• Bachelor's degree in Finance, Accounting or a related field.
• 4-5 years of experience in production cost control and/or project financial management.
• Strong knowledge of project management principles, cost accounting and risk management.
• Preferred: PMP or similar certification, CMA or similar credential, experience in manufacturing, engineering or industrial sectors, and knowledge of SAP, Oracle or similar enterprise systems.

Required skills

• Proficiency in Excel, financial software and ERP systems.
• Financial 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.